Craft Ventures

“Most of the companies, when we, you know, write a Series A term sheet, they're in the, I'd say, 10 to 20 employee range. And they're looking to sort of roughly double, you know, in size over the next, say, six months.”

“On the left you can just see the number of PLG IPOs since 2012. It's been hockey sticking. Similarly the performance of these stocks Relative to NASDAQ index or just general tech stocks, PLG seems to see some outperformance.”

“Do not let your burn multiple go above two, because We're going into a tough period. It's more likely that you're gonna miss than exceed, and if you miss, your burn multiple's gonna, like, go off the charts. It's gonna be even worse than you're planning, right…”

“Your burn multiple, which is just your burn divided by your net new ARR, it should be going down. And obviously, by the time... That's the point, it should be going down, and so, like, if you're a late stage company, you're like a growth stage company, like, y…”

“In terms of looking for new ideas, I think the team is spending 70 to 80% of their time looking at AI.”

“We're at 3.3 billion.”

“There's still, I think, you're still gonna see over the next year or two a lot of companies, you know, Run out of money and die, or have to take down rounds or, you know, restructure.”

“We've only made, I'd say, a couple of, you know, well, we've made a few seed investments. Seed checks are a lot easier to write right now. I think we've only written one or two, you could call them, like, series A type checks.”

“Half of that is in new funds that we haven't deployed yet, so.”

“I said, of your 3.5 billion dollars, how much of your new money is going into AI? I think he said 80%.”

“We had one with David Sachs, who now has three billion at Kraft. And we had an offline discussion with Byron Dieter, who runs Bessemer's cloud practice. And they both said over 80% of our money in SaaS is going to AI.”