Prelude Ventures

“So we figured out that we could call Capital into our fund, we could get it out to our, ah, companies at a low cost to them way, ah, and then we spent the rest of the weekend Working with the companies and with our council and with our CFO to get the legal str…”

“We didn't do that. We didn't tell our companies to do that, and we're in just as good shape as those other folks are on Tuesday morning.”

“And then Greg said something peculiar on the call. He said, we're solvent. We're in great shape. And the only thing that can bring us down is if all of you tell all of your companies to start pulling out share money.”

“I wanted my companies, if they were looking like they might be cash out in June of 24, June of this year, I wanted them to get to Q one or Q two of 2025, because I thought that's when we would be maybe in some sort of more normal environment.”

“Easiest to talk about what I see directly in our portfolio, but I think this is indicative of what you'd see across the landscape. I can think of five factories being built that are going to come online in 20, 24, five, right?”

“There are companies that we liked many aspects of, but we didn't, declined to do a new investment into them, meaning a first investment into them, because we didn't feel necessarily that the team had an understanding of where their next dollars were going to c…”

“I'm not sure I do. I think there's a lot more to shake out of the system.”

“If rates go up and IPO markets dry up and M&A goes away, we all suffer from that just like everybody else does.”