The Ledger, every show

“I don't think that it will persist because at some point the multistage funds will say, hey, it's not really worth, worth our time and effort to invest at this stage. And, you know, they'll, they'll turn their attention to later stage rounds where you write bi…”

“I think there are a lot of later stage investors that are gonna get their hands slapped pretty badly as you know, the value, the late stage valuations that work Get worked out in this market.”

“Over the last six years, what we've seen is that, you know, seed investing has really essentially become the new, you know, series A round of financing for the companies.”

“There isn't a really obvious trend that companies that raise a lot of money pre-product market fit end up doing much better than the ones that don't.”

“I'm kind of in a habit of, like, this is very out of vogue, but, like, I'm a, you know, evangelical Christian guy which is very unusual in the tech scene.”

“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.”

“We try to write checks between a million to three million dollars into pre-seed and seed rounds.”

“All of our LPs were basically investing two to one from the seed fund to the opportunity fund.”

“The last fund was the easiest to raise. So that was the fifth fund. ... Yeah. Yeah. It was a DPI story.”