Long Journey Ventures

“We've really honed in on what we think great companies look like at the time in which we invest, which is the pre-seed and seed. We think they look quite weird at the time.”

“Well, if you think about it, all VCs are kind of, we have money, it's the same, right? It's not, the money's not different. So what makes us stand apart is our ethics, and who we are, and what we stand for, and our compass.”

“Not just like, hey, I've got a business plan, and I'm gonna go and sell SaaS, you know, things. It's gonna be nine 99, and people are gonna love it. Like, everyone says that. There's no alpha in that.”

“We're never going to do an event that's like a boring AI event where it's like seven VCs and two founders and your job is to like talk about the future of AI”

“I got to first try on a VR headset and operate a real vehicle via VR, and then in order to compare their software to the real thing, they then let me into an actual, actual excavator, and I had the frickin' time of my life.”

“So this is one of our core values. It's basically our North star for how we interact with our founders or aspirationally how we interact with our founders.”

“Our average entry valuation on the Precinct seed side is about 15, which I think is, is quite a bit lower than a lot of other folks out there and something we're very proud of.”

“So I think, well, like, a lot of firms are really big now, and it's really hard to lean into that authenticity when you have more and more people, because it becomes, like, a watered-down version of, you know, what everyone is standing for.”

“Our stated goal for this fund is that we are, we don't want to be afraid to put up to twenty five million dollars into our best companies, and that's over time. So, you know, our initial check, we're leading pre-seed and seed rounds. Let's call it with like a …”

“A lot of people have like the, you know, the classy logo and on like a Patagonia vest or something. I like to think about it more as merch than swag. So I find inspiration from like rock concerts, festivals, sports teams, like merch that you would purchase.”

“I think these things are like a proxy for the examples I gave are like a proxy for people who live their lives differently and are, you know, Have the boldness to go after a really magically weird idea.”

“I think most value add is dumb unless it's something we think about is documentary level value add. If you're not going to provide documentary level value add, then it like it doesn't matter and it's all super marginal.”