Lemkin: Multi-billion-dollar VC funds do not care about losing $20M checks
Jason Lemkin · Scaling a Successful SaaS Sales Team w/ 20VC Founder Harry Stebbings and SaaStr Founder Jason Lemkin · Nov 30, 2021 · at 36:43
SaaStr founder Jason Lemkin argues that rapid deployment cycles at mega venture funds take pressure off early-stage founders.
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“The funds are so big, and they're raising funds every 12 months, right? In my, we have different portfolios. In my portfolios, when the multi-billion dollar funds have come in and led the A or the C, they're barely invested. They're, and you know what? They don't even care if you have board meetings. They don't even, and here's the thing, Harry, they don't care if you lose all the money because it's just twenty million bucks.”
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