Everything Anupam Rastogi said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Anupam Rastogi: Most SaaS Should Be Built Without Venture Capital
“Venture capital is not, For everyone, I'd say, in fact, for a very small percentage of founders and companies, I'd say a lot of SaaS can be built without venture capital and should be built without venture capital.”
Rastogi: Seed Fundraising Has Deconstructed Into Multiple Bridge and Extension Rounds
“Seed has gotten deconstructed. So the, I'd say it's very rarely the case that a company just does one seed round and then, Go straight to series A. I mean, that of course does happen quite a lot, but in many other cases, the company ends up doing a seed to or …”
Legal Fees for a $3M Priced Seed Round Average $20K-$25K
“I'd say for three million dollar round I would have seen everything from, you know, for a price on, you know, 10 K to 50 K. It's a pretty wide range. I'd say somewhere in the 20, 25 K seems to be median.”
Emergent Ventures Targets Sub-$20M Post-Money Valuations for Seed Deals
“I'd say, yeah, we try and stay, depending on the stage and type of company, we try and stay in that between, 20 post range under that. But yeah, we have, you know, venture is a game of exceptions. So we do have, we see an exceptional founder, exceptional team,…”
Fund Longevity Matters Far More to Founders Than LP Composition
“I don't know if that has a very meaningful impact on the founder directly. The, what could matter to founders is the fund being around and being prominent over time or not.”
Emergent Ventures Targets 22 to 25 Investments From $76M Seed Fund
“Yeah, we are investing out of a seventy-six million dollar core seed fund, and we would do about 22 to 25 investments per fund, and we do a fairly concentrated approach to seed investing, and there's two of us general partners, and we invest the fund over, you…”
Emergent Ventures Maintains Steady Pace of Five to Seven Deals Annually
“I'd say we've been at pretty constant five, six, seven deals per year throughout this fund. And that's what we have done in the last six months, we've done three deals as well. And last year we did six deals. So we've been right on pace and 20, 21 was about th…”
Emergent Writes $1.5M Initial Checks, Reserving Up to $5M Total
“Our average check size is about one and a half million initial check, and then up to three to five million over the, you know, over a course of time.”
Emergent Ventures Targets 10% to 12% Median Ownership as Lead Investor
“Yeah, we try and target, ah, 10% where we can, again, reflecting our lead investor status. So we are pretty happy to go and form our conviction. And then often, you know, others, we have, you know, there's quite a few folks that like to follow us and join roun…”
Emergent Ventures Averages Single-Digit Million Post-Money Seed Valuations
“It's a vast majority, we have single-digit million valuation.”
Emergent Ventures Averages Three to Four Weeks to Close Deals
“Safe rounds, pretty clean. We can do it in as little as a few days, and we have done it. And then in some cases where there's complex, you know, we have quite a few cross geography companies. So all our companies are US market focused, but we have quite a few …”