Les Craig

6 statements across 1 episodes · 1 bullish · 3 bearish · 1 people on the record · first statement Feb 27, 2025 by Les Craig · across every show →

On the record as a speaker too: Les Craig's record, appearances and statements → this page counts the times other people say the name.

Everything said about Les Craig, oldest first

Feb 27, 2025 bullish
Disclosure
Next Frontier Capital heavily deployed capital in 2024 following a prolonged slowdown
“Anecdotally, I'll say, I look at our firm's activity from like Q four of 20, 22 to Q one of 20, 20 four. So like a little over a year timeframe, I think we closed two net new investments, maybe three. And then since then we've closed eight just to put that int…”
Les Craig Feb 27, 2025 ▶ 28:38 28 - Investing in the Mountain West with Next Frontier Capital General Partner Les Craig
Feb 27, 2025
Insight
Founders should pitch 60 or more VC firms for one term sheet
“You should be having conversations with probably 60 plus VCs, and expect that will lead to one term sheet.”
Les Craig Feb 27, 2025 ▶ 29:14 28 - Investing in the Mountain West with Next Frontier Capital General Partner Les Craig
Feb 27, 2025 bearish
Insight
Startups waiting 24 months to raise again fall off the venture tracks
“If you wait 24 months to raise, you're not gonna raise. I don't care how amazing you are, how amazing your technology is, you're off the venture tracks.”
Les Craig Feb 27, 2025 ▶ 23:13 28 - Investing in the Mountain West with Next Frontier Capital General Partner Les Craig
Feb 27, 2025 negative
Insight
An uncontested seed round is the greatest signal of future fundraising failure
“The greatest sign that a founder is fundable is when you are running a process with them, and they are running a process towards convergence, there is competition in the deal. When you get a deal, when you get a deal and nobody else is competing for it, you mi…”
Les Craig Feb 27, 2025 ▶ 19:38 28 - Investing in the Mountain West with Next Frontier Capital General Partner Les Craig
Feb 27, 2025
Insight
A startup CEO's primary job from Seed to Series B is fundraising
“A CEO's job is to fundraise. Literally, the successful CEO's Are, and this is of an early stage company, right? Don't take that quote and make like a meme of me. It's really, no, that's not independent. It's like series seed to really, I would say series B. Yo…”
Les Craig Feb 27, 2025 ▶ 21:01 28 - Investing in the Mountain West with Next Frontier Capital General Partner Les Craig
Feb 27, 2025 negative
Insight
Early ARR is meaningless if founders lack intangible skills to fundraise
“This company is doing 600 K in ARR. They might as well be doing zero, because it makes about the same difference in terms of the inflection point of the company. And some people are like, oh, we want to see at least a million. I still go to the fact it's a mil…”
Les Craig Feb 27, 2025 ▶ 18:45 28 - Investing in the Mountain West with Next Frontier Capital General Partner Les Craig
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