Plural

“Even zooming out when we were starting to think about plural in 20, 21. So we raised our first one in 20, 22. So thinking of creating plural, we were, we had two things which were really important. European sovereignty and GDP level impact.”

“We have many cases where after hearing the feedback, the lead partner is like, hey guys, you know, Ian, you raised great points. Karina, what you said about your experience in the market is very true, and I'm not gonna do the deal. Many cases where this happen…”

“No, absolutely not. And I think there is probably no company where all the partners met the founders before the deal. It's typically one or few partners that meets, meets a company.”

“And given that we don't vote on deals, the committee discussions are very honest, very brutal.”

“Every investor can only do a limited number of deals per year. You know, it looks at two to three deals per year is the right pacing.”

“We kind of promise we're not going to give up before you, but it doesn't mean we're going to write bad money after good money. We've told our founders, we're here to have GDP level impact. If your company's not doing it, I'm sorry, We should not continue fundi…”

“Fund two. We kind of drew the line roughly in the middle. I think probably we end up with slightly less than half for reserves.”

“You know, in plural, We really don't think we have much control over fund composition.”

“Well, we pay our own legal fees. Vast majority of venture deals, as in the term sheets, that you pay your investors legal fees.”

“And additionally, every deal we do, the lead partner of the deal writes a personal check.”

“We are the biggest investor in the fund ourselves.”

“At Plural, we charge about half the management fee, and we think we are much better aligned.”

“Approximately half of the founders we back are repeat entrepreneurs.”