early-stage venture capital

also referred to as: early stage venture capital

4 statements across 4 episodes · 1 bullish · 1 bearish · 4 people on the record · first statement Jan 24, 2022 by Fabrice Grinda · across every show →

Everything said about early-stage venture capital, oldest first

Jan 24, 2022 neutral
Assertion Not checkable as stated
Grinda: Early-stage venture median valuations have not increased much
“Now, what's interesting is in the earlier stages, the mean has gone up, but the median has not gone up all that much.”
Fabrice Grinda Jan 24, 2022 ▶ 1:03:22 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Aug 21, 2023 positive
Insight
Early-stage venture consistently outperforms late-stage venture across tech cycles
“Late stage is the same as early stage returns, but if you adjust for tech bubbles included in both the beginning and the end, the early stage is where you definitely are generating superior returns, so you want some of that.”
Stan Miranda Aug 21, 2023 ▶ 23:35 Stan Miranda – Modern Endowment Model at Partners Capital (EP.334)
Feb 15, 2024
Insight
Early-stage VC returns depend entirely on top founder access
“If you want to deliver tremendous returns in early stage venture capital, number one thing you need is access to the best people. It doesn't matter if you're an amazing decision maker if you don't have access.”
Magnus Grimeland Feb 15, 2024 ▶ 16:42 Magnus Grimeland – Day Zero Investing at Antler (EP.369)
Apr 15, 2024 negative
Opinion
Dixon: Interest rates and macro factors are irrelevant to early-stage VC
“People talk about interest rates. I don't think it's relevant to early stage venture capital, because again, it's like any exit would be 10 years away. And fundamentally to get there, it's just so much more Driven by the quality of the team and the ideas than …”
Chris Dixon Apr 15, 2024 ▶ 28:35 Chris Dixon - Empty Rooms: Web3 After the Fall (EP.380)
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