Version One Ventures

“So we're invested in Coinbase which obviously is a public centralized exchange and crypto platform. We were investors in Uniswap, which is the decentralized version of an exchange in the crypto space kind of multi-billion dollar outcome.”

“I mean, definitely the crypto funds are more in the 10 to 20 X axis, right? And they have done well, but there's a bunch of funds in the portfolio that are at least on paper six to eight X funds, right? And obviously funds that were more raised in the kind of …”

“In our fund one, which was raised in 2012 we invested in 20 companies We still have four of those companies in the portfolio. So kind of close, close to 20% in the portfolio. We've paid back the fund more than once, right?”

“We have a company called Java, which is a vertical fast for home services business that is valid at about a billion dollars. We were the first investor in the pre-seed round.”

“So usually I do in, I think about it and roughly kind of one percent of the fund size, right? So that, that usually is anything from a 100,000 at the low end to two 53 and a half thousand at the higher end.”

“Especially emerging managers sometimes are not as disciplined around portfolio construction. They suddenly end up with tons of really small investments where they put in a small check. But even if that company does super well, it doesn't really drive any fund …”

“We have a company called Outreach in the sales engagement space, which was The last allegation was 4.5 billion and be invested at the pre-seed.”

“We're still very bullish on crypto, right? I mean, crypto has gone through lots of ups and downs and lots of cycles, but the ultimately ultimate idea of rebuilding the financial system on a global scale in an open source environment. Is still a very attractive…”

“So you know, kind of that, that certainly can always be fixed over time and kind of managers can learn proper portfolio construction. What can't be fixed is your taste for entrepreneurs and for unique opportunities that can become these outlier opportunities.”