The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Founders hoarding 90 percent equity are not building investable venture-backed companies
“You can't just take a company and take 90% for yourself. And that actually means it's not really a venture company. It means it's something else that we wouldn't want to invest in.”
Lonsdale's first venture fund achieved an IRR of over 40 percent
“Our first firm's over 40% IRR, you know, it's 50,”
A massive growth fund outbid 8VC by 60% on a Series B
“I was just outbid last month for something I love by like 60% from a firm. I won't mention the name, but it's a firm that writes regularly the 102 hundred million dollar checks. They decided to come down and write a thirty million dollar check.”
Lonsdale: Venture capital has high autocorrelation where winning firms keep winning
“Venture capital is a very interesting asset class is very high auto correlation for a lot of these different reasons. And so, so it's just a very big unfair advantage. Once you're winning, you kind of can keep winning if you do it right.”