Rabois: Founders Fund avoids leading down rounds unless cap table unanimously requests it
Keith Rabois · #AIS: Tim Urban on political discourse + Keith Rabois on early-stage investing in 2022 · May 26, 2022 · at 57:04
Keith Rabois outlines Founders Fund's investment criteria regarding recapitalizations and down rounds during a VC panel at the All-In Summit.
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“We typically at Founders Fund really don't like to do those rounds. The only way we would consider it is pretty much if everybody on the cap table called us up, the founder, CEO, the board members, prior investors said, we really want you to do this, and like we're all collectively holding hands and want you to do this, then we'd seriously consider it.”
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