Antler founder Magnus Grimeland details the scale of Antler's global application funnel and acceptance rate.
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“We look for amazing founders, and last year we got a 131,000 applicants from founders who want to work with us, who applied to come into one of our programs across 27 operating locations across the globe, plus three other offices where we have support networks. And we selected last year about 2000 of these 131,000 applicants in batches of 50 to a hundred people.”
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More from Magnus Grimeland
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 GrimelandFeb 15, 2024▶ 16:42Magnus Grimeland – Day Zero Investing at Antler (EP.369)
AssertionNot checkable as stated
Antler receives more applicants than Harvard, Stanford, and MIT combined
“We get more applicants now in a year than Harvard, Stanford, and MIT combined.”
Magnus GrimelandFeb 15, 2024▶ 22:51Magnus Grimeland – Day Zero Investing at Antler (EP.369)
AssertionNot checkable as stated
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“And we see quite interesting linear trajectory on MIC growth in our portfolio. After four years, about 5.3 X, and it's increasing quite linear towards that.”
Magnus GrimelandFeb 15, 2024▶ 40:43Magnus Grimeland – Day Zero Investing at Antler (EP.369)
Disclosure
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“If you run, for example, India, or if you run the Nordics, if you run the US now, 75% of the carry goes to the partners who run it. And then we put 25% of the carry into global pool, which is shared with everyone.”
Magnus GrimelandFeb 15, 2024▶ 43:11Magnus Grimeland – Day Zero Investing at Antler (EP.369)
Insight
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Magnus GrimelandFeb 15, 2024▶ 5:28Magnus Grimeland – Day Zero Investing at Antler (EP.369)
Insight
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Magnus GrimelandFeb 15, 2024▶ 12:47Magnus Grimeland – Day Zero Investing at Antler (EP.369)
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