VC Firm

“Really began to develop an appreciation for how spectacular the business is, but frankly, undifferentiated firms are from one another. And it, I worked in a lot of parity categories, including laundry detergent and credit cards and everything in between. And I…”

“A lot of the VC firms are getting in multiple companies because they don't think it's going to be winner-take-all anymore. They think it's going to be much more oligopolistic for the long term, and there will be competition between the major three or four labs…”

“And the cream on the cake was when I heard that Mangalore has set up her own VC for a gaming you know, segment.”

“Then the right process as a VC firm, Is if you like the founder, then you have to track the pivots as well.”

“Most companies with great brands did not do it through a VC firm. Right. And like, it's not like, you know, we somehow can single-handedly make great brands, but we are an accelerant.”

“So like, it looks like in the nearest future, we probably will not need like VC firms for companies which operates as a SaaS or something similar where you do not need to investigate in in, like in hardware or in biotech or something like that.”

“Given certain restrictions, US private equity firms and VC firms still cannot invest in Chinese AI companies directly. The best way to get exposure to this innovation is through public investment into these Chinese big tech right now.”

“Some VC firms rather you know, take a more active stance and swapping out CEOs if the company's not performing well. But something I learned is like, that's usually, it usually doesn't work out. So, you know, you're really, In with this founder for the long ha…”

“We actually have several hedge funds and VC firms that are actual paying customers and get their whole company on it because they understand how powerful it is.”

“A lot of LPs of longstanding relationships going 3040 years back to the firms that are still on the short list of what are the best BFC firms in the world have gotten returns that are quite a bit south of The IRRs that reported in those manager records.”

“There's one study that found that about half of founders are replaced by VC firms who've invested in the company by the time they reach the third round of financing, and that's 75% of founders have been replaced by the time a company IPOs.”

“I think it's a great time to be a differentiated quote unquote new manager, right? They are going to eat the lunch of mediocre firms, you know, slow moving firms.”

“VC firm is made up of individuals, right? And if those individuals haven't tasted failures or haven't tasted dirt or tasted zero in their life in the past their reaction to failure would be very negative, and rather than, you know, backing the founder at the t…”

“I do believe that there's unlimited amount of capital out there, and I believe that it is easier and it's better worth your time by focusing on the people that initially believe in that than trying to ride two or three rounds with the same VC firm and spend tw…”

“It's getting harder, you know, particularly where, you know, you mentioned firms that have, you know, big IR departments and it's harder to have that interaction with individual partners. You've got to work at it more.”

“I think part of the answer is that most firms are not good at it. It's sort of the short answer. I think most firms, they understand when they talk to founders, they say that it's the thing that they want, but they're not very good at delivering on the value. …”

“And you know, the industry is, I think going to get eviscerated with very few survivors in the next, you know, five to 10 years, just as people run out of capital, et cetera.”

“Don't ever try to raise during summer. It was on vacation. Nobody wants to like make meetings and stuff. So it's very hard to get VC firms to do anything during that time.”

“Because if you work with one of those folks, and they have a bad reputation in the industry, they can absolutely sink, sink your fundraise on the spot. Because there are people in the business who are not trustworthy, who run around with shitty deals, who gene…”

“The amount of capital in private markets, it's almost 10 trillion dollars in private markets AUM, and two trillion of that is held by VC firms, which is astonishing when you think about those numbers for early stage investments.”

“Actually, the firms trying to integrate and mesh into existings won't work, and it has to be a defined, isolated structure in its own right.”

“Like, if a VC firm that feels like, They missed out on the last wave of crypto for the last four years comes in and is starting to buy logos. Then they're going to overpay because their motivations are not just that they want to do the investment at a fair pri…”

“You know, there are a few VC firms that are buying small sales businesses, but with them, it was like, it take too much time to evaluate the business. They, and their valuation is really, really low. I mean, maybe the starting point for them, you know, so I wa…”

“I think at that point, come a brand. I mean, your brand is like your pedigree to an extent you know, the signaling that you do through your work experience, et cetera. And the firm's really buying you for your brain power. But as it gets older, as you get into…”

“Like we have black entrepreneurs who go to the right schools, whatever that means. Who, you know, have access to some of these networks. They also don't get funded.”

“Founders should be able to talk to the partner at the fund that understands their industry and their business. That's really, it's that simple. It's, you know, they shouldn't automatically assume that because, you know, this person is a female founder or a min…”

“When organizations are working, when they're successful, it's very hard for them to embrace significant change. And so the combination of those two things, I think, makes it very hard for VC firms to make adjustments quickly, certainly significant ones.”

“We probably met with 70 different firms, and it was a pretty consistent theme around, well, there's not enough traction yet, or the tool that you're building is not powerful enough for professional developers, and it's too sophisticated for sort of the Wits an…”

“Think of these firms, these VC firms as little companies that effectively have EBITDA margins of 30 to 50%.”

“The vast majority of angels and VC firms will not invest in an LLC.”

“Every VC firm is actually, to some extent, a marketplace. You've got limited partners. Those are typically institutional or very well-to-do investors. You've almost like the market makers in the middle. And then of course you have the founders, the entrepreneu…”

“In my opinion, at least 50% of them hurt entrepreneurs and 25% of them don't do any good. There's only really a quarter of the VC firms that I've worked with that really help the”

“Some firms have begun to dabble with data, but almost none have serious efforts in the area, so it's mostly window dressing at best.”

“For us, when we decide to stop backing a VC firm, It's usually based on the loss of relevancy with founders, and we ask ourselves every time, how does this particular team find and win deals versus their top competitors?”

“Assume that with Blue Yard, we have to leave some kind of lasting legacy and brand. Cause that's where a majority of VC firms fail.”

“When the market turns down, which it will, I think you will see some shrinkage in this model by the people who are not fully dedicated to it and who haven't built it out as a core part of their business.”

“We have over a hundred employees who are not investors at our firm, whose sole job it is to help companies do things like recruit employees you know build their, you know, their customers base.”

“So I think rather than say, we're going to all head towards services or towards content or whatever, it's more important for a firm to identify themselves uniquely. So what's the mission of that one firm? You know, how does that firm position itself differentl…”