The Ledger, every show

“And I think too often having a formalized board, an investor led board during the seed stage brings a lot of the trappings of From the post-series A board dynamic into the seed stage, where there's some degree of formality, there's a fair amount of preparation…”

“The challenge of doing really early stage seed investing out of a billion dollar fund. And a very large platform.”

“But our view is that, that those early signs of traction really are not very telling about whether they're ultimately going to have meaningful traction and product market fit.”

“Quite honestly, we don't think about loss ratio, which I suppose is in some that might be the answer that it's less important to us and is likely going to be higher. Honestly, when those conversations come up with LPs, I tend to be very direct in that we reall…”

“You can only lose one times your money, so, you know, losses are limited, and really, for a seed fund, for a sub-hundred-million-dollar seed fund, if you end up having a handful of companies, four, five, six, seven, that truly are venture-scale returns in the …”

“There's a difference between, you know, the phrase that's become tossed about a lot being quote founder friendly on the one hand, which means that you're always going to be yielding to the founder and supporting what they want and want to do versus having, you…”

“And too often, everybody says they do all of it, when in fact, they're very Few investors, VCs, who really are interested in pretraction, So I think there's just a lot of confusion in the marketplace in terms of who really wants to invest when and clarity arou…”

“Our MO, what we really like to do is to be backing teams we fall in love with ideas that we fall in love with, and just that, and so we really do not necessarily look for traction at all. Now, in some instances, when companies approach us, they happen to have …”

“I think in many instances, yes. I think founders, with good reason, want a very fast process, and they want to get back to work, and are sometimes inclined, really, just to get the best deal as quickly as they can and get back to work. I would personally advis…”

“Well, I think it's around the Series A. I think when you're raising a Series A level amount of capital, I think that the investors have an understandable interest In governance and as a company is starting to mature and build out its organization and its manag…”

“Each fund has a portfolio of 30 to 35 companies, and I think we are very consistent in terms of our initial check, which we think is critical in terms of getting to 10% on that first check”