Everything Rob Go said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Rob Go: Individual LP Champions Matter More Than Institutional Brand
“I actually think it's, what's more important is the individual who's there. You want somebody who is empowered, not at the very end of their career, because there's a risk that they're going to leave, and then you're going to be adopted by somebody else. And s…”
NextView Lost an Influential Institutional LP at the Last Minute
“We had a pretty influential institution drop us in our third fund. And they did it the ninth hour.”
Rob Go: Timing Is the Single Biggest Factor in LP Commitments
“The number one factor in, in whether an LP says yes or no is just timing, right?”
Rob Go: Emerging VCs Shouldn't Force Meetings With Uninterested LPs
“You want to scrape and fight really hard to get great introductions, but if somebody doesn't want to take a meeting, like, there's no, there's not that much value in, like, forcing it.”
NextView Intentionally Uses Incomplete Data Rooms to Test LP Engagement
“We have since changed that where we do have a data room, but the data room is a preliminary data room and it is intentionally incomplete. And the reason it's intentionally incomplete is I want to see an LP. If we offer the data room, I want to know they looked…”
Rob Go's Fundraising Rule: Follow Up Twice, Then Stop Proactive Outreach
“I have a basic belief that it never hurts to ask twice, but I never ask three times, right? So if there's an email that doesn't get responded to, I don't feel bad about asking again. After two, after I'm ignored twice, that's okay. I just move on.”
Rob Go: Pension Funds and Large LPs Avoid Fund 1 and 2
“There are some groups that are very, very large LPs, and they just want stability, right? They will never invest in a fund one or a fund two, but they love the idea of investing in fund three, four, five or plus, or more with a team that's been together for a …”
Rob Go: Accessing Top Companies Outweighs Strict Deal Terms in VC
“In a power law business, you just want to get into the best companies.”
Go: Growing VC Fund Sizes Create Disconnect With Low-Cost Software Startups
“The cost of starting software businesses had come way down. And the best venture funds had accumulated larger and larger amounts of capital, and so there's this natural disconnect with founders.”
Rob Go: Seed investors guide startups to product-market fit
“The job of a seed investor is to invest in a company before product market fit, and try to take the company to the other side of product market fit and into sort of early validation and early growth.”
Go: Pre-PMF software startups should raise 18 months of runway
“I would generally advise for 18 months. I think the lever is less sort of the time, and it's more the headcount.”
Go: 30% dilution pre-PMF hurts founder leverage in future rounds
“Like selling a third of your company before product market fits seems pretty painful. Versus trying to sell, you know, 15, 20% of the company for less money, but getting you to a point where you have a lot more leverage the next time you have to go to raise, r…”
Rob Go: Pre-Seed Funds Now Serve Original Purpose of Seed Investors
“I just think that you know, they're kind of doing what seed investors were kind of meant to do when this whole thing started.”
Go: VC reputation is defined by rejected or failing founders
“The most important aspect is, you know, what do other founders say about you? And not just what do other founders in your portfolio that are the best performing founders, right? Because like every company that's doing great, the, their investors spend a lot of…”
Go: Plus-size apparel is a huge opportunity with broken existing options
“And I think they're going after a huge market opportunity with a market segment that is severely disenfranchised where the existing modes of buying apparel is really, really broken.”
NextView Ventures Operates $135M Seed Fund and $65M Opportunity Fund
“We're currently investing out of our fifth fund. In fact, we have two. We have a seed fund, and we have a opportunity fund. The seed fund is a hundred and thirty-five million. The opportunity fund is sixty-five million.”
NextView Ventures Writes $1M to $3M Checks in Seed Rounds
“We try to write checks between a million to three million dollars into pre-seed and seed rounds.”
NextView LPs Committed to Seed and Opportunity Funds at 2:1 Ratio
“All of our LPs were basically investing two to one from the seed fund to the opportunity fund.”
NextView Signals Fund Timelines to LPs 18 to 24 Months Ahead
“Typically a year, you know, if I think about like our timing, if we're looking to do a first close in say Q one of a given year, we are probably giving pretty clear indication of where our timeframe is at least like 18, if not 24 months before that.”
NextView Fund V Was Easiest Raise Due to Strong DPI
“The last fund was the easiest to raise. So that was the fifth fund. ... Yeah. Yeah. It was a DPI story.”
Rob Go: NextView Ventures' fund is $40 million
“Yes, our current fund is forty million dollars.”
Rob Go: NextView's average check size is around $500,000
“Our average check size is probably about 500,000 dollars, but we actually have scaled our investment quite a bit depending on the stage of the company.”
Go: NextView portfolio company Dia & Co nearly bootstrapped for 15 months
“This company called Dia & Co. And, you know, they essentially nearly bootstrapped for their first 15 months of life.”