Cem Sertoglu
Managing Partner, Bek Ventures. On 1 show, 1 appearance. The Shows tab opens the full record on each.
investorfounderexecutive@csertoglu ↗LinkedIn ↗bekventures.com ↗
Cem Sertoglu is a venture capitalist who led UiPath's seed round, turning a $16.5 million investment into over $2.1 billion. He is the Managing Partner of Bek Ventures and previously founded SelectMinds and co-founded Earlybird's Digital East Fund.
1shows
1appearances
35statements
2resolved
2supported
0contradicted
100%fully supported
Everything Cem Sertoglu said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Sertoglu: Earlybird should have participated in Sequoia's $3B UiPath round
“In hindsight, we should have participated in that three billion dollar round by Sequoia.”
Earlybird Funded UiPath's Bridge Round When Other VC Funds Refused
“We've done, I mean, the bridge round at UiPath, no great fund was touching the company, and we had to build our conviction internally.”
Sertoglu: Sign funding rounds if success probability increases beyond dilution
“For the founder, I think the most important thing is probability of success. You know, Is this round that I'm closing? Is this gonna impact my potential of getting where I want to get to? As a percentage, will it make up for the dilution I'm suffering? So if I…”
Sertoglu estimates his overall angel investing track record yielded a 10x return
“I haven't done the math. I can get it to you later on, but it must have been about 10 X overall.”
Sertoglu: Foreign tourist capital repeatedly rushes into and retracts from regional markets
“It happens in every cycle they rush in and then they rush out very, very quickly. And also when they rush in, they miss, miss out on the nuances of the region.”
Sertoglu: Prematurely assuming product-market fit is the biggest scaling impediment
“I think the biggest impediment to that scale for some companies is assuming product market fit prematurely and being tempted into going into hyperscale mode prematurely.”
Sertoglu: Earlybird passed on UiPath's $3B round and began divesting at $7B
“Then when Sequoia led the three billion dollar next round, we sat it out. We did not participate. And then when the seven billion valuation series C happened. Was it C or C or D? I can't remember. But then we started to carefully divest.”
Sertoglu: Bek Ventures' Fund 1 returned capital on 12 of 15 deals
“In fund one out of 15 investments, only three of them did not return capital for us. Now, six companies are still live, but we expect to make money from all six of them, so they will not be lost. So we will have made A positive return out of, on 12 out of 15 i…”
Sertoglu: Founders underestimate cap table leverage and overnegotiate terms
“Founders usually underestimate the leverage they have on their cap table. They negotiate things for very obscure situations, etc. I think experienced founders know that it's their company, and they will have a lot of flexibility around managing things when it …”
Sertoglu: Bek Ventures partners average one to two investments per year
“When you are a small partnership, I mean, in our firm for every fund, each partner writes about four or five checks per fund. So in kind of each vintage, we're talking each year, we're talking about one or two investments at most.”
One line per show, most statements first. The link opens Cem's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 20VCLEDGER | Managing Partner, Bek Ventures | 1 | 35 | 100% 2/2 | full record on 20VC → |