Secondary
topic on 6 shows · 6 statements across 6 episodes
Innovators & Investors 
We Live to Build 
Sourcery 
Top Founders 
All-In 
20VC
6 statements about Secondary, every show
$25M of PestShare's $28M Series A was primary capital
“Most of it was primary. I think only did a, like a very small portion of secondary, but most of it, I'm going to say 25 was primary.”
Browder: Large VCs selling secondary shares creates fatal signaling risk
“If Menlo Ventures sell secondary in a company, the company is dead because the signaling risk is, is huge or any firm.”
Sundararajan: Hypergrowth Labs caps primary checks at Series A
“So we go up to series A sometimes but only when we have an opportunity to go into secondary, do we exceed the series A stage.”
Weisburd: The idea that VC performance takes 15 years to evaluate is idiotic
“A lot of people say, you don't know until year 15 whether you're good at VC. That's completely idiotic because you obviously have people marking you up. Once you get to a series B, you could sell via secondary. So whether or not you choose to sell does not mea…”
Chamath predicts OpenAI's $86 billion valuation will hold through recent turmoil
“So I think this valuation is going to hold. I think the secondary is going to happen.”
Stephen Keery equates founder secondary liquidity to securing an insurance policy.
“Taking a secondary sort of like an insurance policy. Like you don't want to cash out your insurance policy. You pay it because you should have it. You don't want to use it. And for me, selling some of those shares just meant that if things went bad, at least I…”