Green: Lead Edge invested $36M in Toast and sold $180M pre-IPO
Mitchell Green · Why Now is the Best Time to Buy Public Software Companies · Invest Like The Best · Mar 24, 2026 · at 16:29
Mitchell Green, founder of Lead Edge Capital, details the firm's private selling discipline using their investment in restaurant management software maker Toast as a case study.
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“In toast, which is one of our biggest investments, which we put like 12% of our fund three into. And we'd always get crap. Our fund three was like a two hundred ninety million dollar fund. And then we put like thirty six million bucks into it. And before the IPO, we had sold a hundred and eighty million bucks. I mean, I think we'd make like three 50 to 400 in it total.”
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