Lemkin: Seed investing is an artisanal craft, not money management
Jason Lemkin · What Venture Looks Like In 2023 | SaaStr Founder Jason Lemkin + 20VC Host Harry Stebbings · Feb 3, 2023 · at 49:52
Jason Lemkin contrasts boutique seed-stage venture investing with managing large multi-hundred-million-dollar institutional funds.
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“Seed investing is not money management, okay? ... Once you get up to a certain size, you are money managers, right? You're money managers of these illiquid investments, and you do want these huge teams, and you want the IR team and the folks doing this. ... The seed, maybe, maybe chat GBT and all this will change it in AI, but it is still a weird hand curated Crafted weird space that maybe YC has disrupted, but no one else has.”
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