Lead Edge Capital

“So probably a third of our exits have actually come from secondary sales. We'll sell to another fund that's already an existing investor in the company.”

“So it actually caused us, in 19, we shifted the portfolio away a lot from Silicon Valley towards more bootstrapped entrepreneurs in Ames, Iowa, or Sarasota, Florida, or Niswa, Minnesota.”

“And we said to people, listen, I'm going to raise a fifty million dollar vehicle. And I'm going to put 25% of the fund in Alibaba at twelve billion valuation, roughly.”

“We find the best analysts and associates are oftentimes college athletes or entrepreneurs.”

“We have a disposition committee that meets a couple of times a month. Most firms have investment committees. Very few firms have disposition committees.”

“I would rate most funds information disclosure as awful. Not bad. Awful.”

“Today we have 18 people that speak zero to two years out of college, We talked to 10,000 plus companies a year, and if you said I needed to meet all eight criteria, It'd be one percent or a hundred companies meet all eight criteria. So we say we need five or m…”

“Almost 60 plus percent of our companies were the first institutional investor in them. They've raised less than ten million dollars.”

“Our loss ratios are very strong. We've only lost all of our money on one of two companies ever.”

“If you build a business with 20 of revenue, you're growing 30. And you've only burned three million bucks. You're doing something right. And if we can get in there and own preferred stock at the top of the cap structure, and it's recurring and has 80% gross ma…”

“So we want to run funds with about 20 investments. We think there's too many funds that become index funds, and they just have 50, a 102 hundred investments in them. We think that's crazy.”