institutional LP

“And so they were saying that like, you know, 80% of the meetings they take and these are folks on fund two and fund three, like clearly have never opened up a spreadsheet and like walk through portfolio construction.”

“But I think it's also, I thought that like shit, it's just hard for me because I've never been in venture before and I'm trying to like do something substantial, but it turns out that like, even the folks that spin out, Are still getting kicked in the teeth.”

“They're so active in seed because the individual investors are like, well, hey, if we take thirty million and divide that out by a ton of two, three million dollar checks, if we lose a few, it's not such a blow to the reputation of that, you know, partner at t…”