Danielle DiAgostaro explains how WVV Capital was structured at the CEO level rather than originating out of internal CVC arms.
Opinion
DiAgostaro: Accelerator Demo Days do not work for venture capitalists
“Sitting in a room for hours watching pitches of founders that aren't, that don't fit your thesis is a huge waste of time for VCs. They would much rather be on, you know, on the phone having one-on-one calls with people catching up and hearing about a deal thro…”
Assertion Not checkable as stated
DiAgostaro: Top-tier VC partners do not attend accelerator Demo Days
“It is not the big brand name funds, you know, their GPs are not sitting in that room, nor would you be able to get them there, right? You're gonna be, they're gonna be sending their analysts, their lower tier associate, you know just people who their job is to…”
Insight
D'Agostaro: 50-company funds yield better returns than concentrated portfolios
“And I actually just read some research this morning that shows you know, investing in 50 companies in a fund actually gives you potential for better returns than picking very, very few select investments that knowing that like a third of them are going to fail…”
Insight
DiAgostaro: Requiring traction early stops VCs from fueling bottom-up innovation
“If you're taking bets on things that are already showing positive, you know, wins then you're not really fueling all the innovation from the bottom.”
Opinion
D'Agostaro: Accelerators fill a gap as VCs demand earlier traction
“And I do think in this market where VCs are expecting more at an earlier stage accelerators feel, fill a unique gap where they're taking bets you know, taking bets really early on not expecting you to have really anything other than great team market, you know…”
Disclosure
DiAgostaro: Alchemist Accelerator Makes Admissions Decisions in 15 Minutes
“Alchemist, we make decisions in 15 minutes.”