Gilbert: Early venture capital had no stages, just $2 million checks
Ben Gilbert · David Rosenthal and Ben Gilbert – Acquiring an Industry. Venture is Eating the Investment World 1 (Capital Allocators, EP.229) · Jan 3, 2022 · at 19:09
Acquired co-host Ben Gilbert contrasts early venture fund models with modern multi-stage fund structures.
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“There was no real notion of early stage venture capital versus late stage venture capital. There was venture capital, and that meant writing a two-ish million dollar check, and hopefully that was enough to get the company profitable so that it could go public.”
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