Felicis Ventures

also referred to as: felicis

9 statements across 2 episodes · 1 bullish · 0 bearish · 2 people on the record · first statement Feb 7, 2022 by Aydin Senkut · said 15 times in 2 episodes since 2022 · across every show →

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brought up most by Ted Seides (9), Aydin Senkut (4), Renata Quintini (2)

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Everything said about Felicis Ventures, oldest first

Feb 7, 2022 neutral
Disclosure
Felicis Ventures grew from a $41M fund to a $900M fund family
“And our first fund was forty one million. Now for the first time we're investing out of a fund family and together we have, I think, nine hundred million committed in this latest fund.”
Aydin Senkut Feb 7, 2022 ▶ 43:07 Aydin Senkut – Tenacious Sourcing and Founder Support at Felicis, Venture is Eating the Investment World 6 (Capital Allocators, EP.234)
Feb 7, 2022 bullish
Disclosure
Felicis took mid-single-digit Series A ownership in Canva despite VC norms
“Canva is a good example. It's one of our most valuable companies. Our initial series A ownership was probably around single digit percentage, mid single digits. In other world, ABC is like, oh, we can't even get 10, 20%. We're not going to do it. Look at where…”
Aydin Senkut Feb 7, 2022 ▶ 46:01 Aydin Senkut – Tenacious Sourcing and Founder Support at Felicis, Venture is Eating the Investment World 6 (Capital Allocators, EP.234)
Feb 7, 2022 neutral
Disclosure
Felicis Ventures manages 200 active portfolio companies with 26 team members
“Today we have about 26 people in our team. Roughly 10 of them are in the investment team. I do have to give a lot of credit to our founder success team. It's a very important aspect of our operation. So that's growing really fast to say like anywhere between 1…”
Aydin Senkut Feb 7, 2022 ▶ 42:14 Aydin Senkut – Tenacious Sourcing and Founder Support at Felicis, Venture is Eating the Investment World 6 (Capital Allocators, EP.234)
Feb 7, 2022 neutral
Disclosure
Felicis Ventures leads or co-leads approximately 70% of its investments
“We went from by default and by capital scarcity to be only participating investors to now, I think we lead or co-lead about 70% of the investments we make. And there is still 30% where we make strategic investments”
Aydin Senkut Feb 7, 2022 ▶ 45:04 Aydin Senkut – Tenacious Sourcing and Founder Support at Felicis, Venture is Eating the Investment World 6 (Capital Allocators, EP.234)
Feb 7, 2022
Assertion Not checkable as stated
Fifty LPs rejected Aydin Senkut on his first Felicis fundraise
“The first time I was fundraising, there are 50 LPs that said no to me.”
Aydin Senkut Feb 7, 2022 ▶ 54:17 Aydin Senkut – Tenacious Sourcing and Founder Support at Felicis, Venture is Eating the Investment World 6 (Capital Allocators, EP.234)
Feb 7, 2022
Disclosure
Senkut only takes founder meetings with a >50% chance of investing
“In fact, one of the things that I'm trying to do is to only have conversation where I think there is a better than fifty-fifty chance of saying yes, so that we don't waste somebody's time, and we're not spending all that time in a meeting and saying no.”
Aydin Senkut Feb 7, 2022 ▶ 53:47 Aydin Senkut – Tenacious Sourcing and Founder Support at Felicis, Venture is Eating the Investment World 6 (Capital Allocators, EP.234)
Feb 7, 2022
Assertion Contradicted
Aydin Senkut made 100 angel investments in his first 4.5 years
“By doing my own firm and making a hundred investments in four years, four and a half years, if I was at another firm, God knows if I would have even been able to make five or six investments in that time, if at all.”
Aydin Senkut Feb 7, 2022 ▶ 25:46 Aydin Senkut – Tenacious Sourcing and Founder Support at Felicis, Venture is Eating the Investment World 6 (Capital Allocators, EP.234)
Feb 7, 2022
Disclosure
Felicis caps internal headcount by guaranteeing revenue for external solo agencies
“Even if we have aspirations and we want to grow, we don't want 200 people in our team. So we started doing some really creative things. We start engaging people. There are some great people out there. They just want to run their own firm, whether it's recruiti…”
Aydin Senkut Feb 7, 2022 ▶ 56:28 Aydin Senkut – Tenacious Sourcing and Founder Support at Felicis, Venture is Eating the Investment World 6 (Capital Allocators, EP.234)
Mar 21, 2022 neutral
Assertion Supported
Quintini: Felicis participated in an Angry Birds round exceeding its fund size
“And the round that we participated in Angry Birds was bigger than the fund size that we were investing at the time. The check size was order of magnitudes bigger than the check size we've written before.”
Renata Quintini Mar 21, 2022 ▶ 14:04 Renata Quintini and Roseanne Wincek – Renegade Spin-Out in the Supercritical Stage, Venture is Eating the Investment World 11 (Capital Allocators, EP. 242)
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