Crossbeam Venture Partners

also referred to as: crossbeam

8 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Jan 31, 2022 by Ali Hamed · said 6 times in 1 episodes since 2022 · across every show →

Mentions by year

brought up most by Ted Seides (3), Ali Hamed (3)

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Everything said about Crossbeam Venture Partners, oldest first

Jan 31, 2022 positive
Insight
Hamed: Crossbeam tests founders by offering active help during due diligence
“So often a lot of our diligence process is trying to help the company as if we were already invested and see if they can use our help well.”
Ali Hamed Jan 31, 2022 ▶ 19:31 Ali Hamed – Novel Venture Investing at CoVenture, Venture is Eating the Investment World 5 (Capital Allocators, EP.233)
Jan 31, 2022
Disclosure
Hamed: Crossbeam allocates more capital to initial rounds, less to follow-ons
“We actually have the point of view that during a market like this, we're actually loading up more of our checks into the initial round and then doing less into the follow on round, especially for our best companies.”
Ali Hamed Jan 31, 2022 ▶ 26:46 Ali Hamed – Novel Venture Investing at CoVenture, Venture is Eating the Investment World 5 (Capital Allocators, EP.233)
Jan 31, 2022
Insight
Hamed: Founder, market, and business model are factors of zero
“I always think of them as factors of zero. So if any of them are off, we just don't do it.”
Ali Hamed Jan 31, 2022 ▶ 17:53 Ali Hamed – Novel Venture Investing at CoVenture, Venture is Eating the Investment World 5 (Capital Allocators, EP.233)
Jan 31, 2022 neutral
Disclosure
Hamed: Crossbeam's $25M Fund I deployed capital too quickly
“In Crosby one, it was a twenty-five million dollar fund. We co-invested with a hundred million dollars and we invested too quickly. Probably needed a bigger fund.”
Ali Hamed Jan 31, 2022 ▶ 54:59 Ali Hamed – Novel Venture Investing at CoVenture, Venture is Eating the Investment World 5 (Capital Allocators, EP.233)
Jan 31, 2022 neutral
Disclosure
Hamed: Crossbeam maintains a tiered coverage list of 211 VC firms
“We actually have a list of 211 VCs. That we cover. We have coverage groups. So we have certain VCs who are high fidelity VCs, and we are in touch with them four times a year. We have lower fidelity VCs that we're in touch with one to two times a year.”
Ali Hamed Jan 31, 2022 ▶ 17:23 Ali Hamed – Novel Venture Investing at CoVenture, Venture is Eating the Investment World 5 (Capital Allocators, EP.233)
Jan 31, 2022 neutral
Insight
Hamed: Investors must evaluate 50 B-grade deals to recognize an A-grade
“What we often talk about is that it takes 50 B's to recognize an A in a certain asset type.”
Ali Hamed Jan 31, 2022 ▶ 15:36 Ali Hamed – Novel Venture Investing at CoVenture, Venture is Eating the Investment World 5 (Capital Allocators, EP.233)
Jan 31, 2022 positive
Assertion Not checkable as stated
Hamed: Nine Crossbeam Fund I startups exceed $20M revenue and are profitable
“In the first fund we did at AcrossBeam, nine of the 25 companies we backed are over twenty million dollars of revenue run rate and profitable, which is just insane for venture capital, but it's because these financings often allow these companies to be super e…”
Ali Hamed Jan 31, 2022 ▶ 43:51 Ali Hamed – Novel Venture Investing at CoVenture, Venture is Eating the Investment World 5 (Capital Allocators, EP.233)
Jan 31, 2022
Assertion Not checkable as stated
Hamed: The average LP check takes 26 months of relationship-building
“The average check that we've ever gotten from an LP took us 26 months of knowing the person to get it.”
Ali Hamed Jan 31, 2022 ▶ 51:17 Ali Hamed – Novel Venture Investing at CoVenture, Venture is Eating the Investment World 5 (Capital Allocators, EP.233)
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