Anupam Rastogi

General Partner, Emergent Ventures · 1 appearance on the record.

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investoroperatorengineer@anupamr ↗LinkedIn ↗emergent.vc ↗

At Emergent Ventures, he invests in seed and early-stage enterprise AI, cloud infrastructure, and B2B SaaS companies. Prior to Emergent, he founded advisory firm NX Partners and led Intelligent Enterprise investing at NGP Capital, backing startups that resulted in multiple IPOs and acquisitions.

11statements → 1claims → 0claims resolved → 3.55/5average certainty → 1.55/5average debate potential → ≈4.5/5argument clarity, estimated →

1 not checkable as stated how the 1 claim stands · each chip opens the sources

1 assertion · 3 insights · 7 disclosures · every statement was checked. The predictions and assertion are the 1 claim: statements the public record can support or contradict. 0 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Anupam argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

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We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Anupam Rastogi on measured tape to publish a rate. This says nothing about how they speak.

What they said11 Episodes1

Everything Anupam Rastogi said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight

Anupam Rastogi: Most SaaS Should Be Built Without Venture Capital

“Venture capital is not, For everyone, I'd say, in fact, for a very small percentage of founders and companies, I'd say a lot of SaaS can be built without venture capital and should be built without venture capital.”

Anupam Rastogi Sep 22, 2023 ▶ 17:55 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Insight

Rastogi: Seed Fundraising Has Deconstructed Into Multiple Bridge and Extension Rounds

“Seed has gotten deconstructed. So the, I'd say it's very rarely the case that a company just does one seed round and then, Go straight to series A. I mean, that of course does happen quite a lot, but in many other cases, the company ends up doing a seed to or …”

Anupam Rastogi Sep 22, 2023 ▶ 9:58 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Assertion Not checkable as stated

Legal Fees for a $3M Priced Seed Round Average $20K-$25K

“I'd say for three million dollar round I would have seen everything from, you know, for a price on, you know, 10 K to 50 K. It's a pretty wide range. I'd say somewhere in the 20, 25 K seems to be median.”

Anupam Rastogi Sep 22, 2023 ▶ 10:58 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Disclosure

Emergent Ventures Targets Sub-$20M Post-Money Valuations for Seed Deals

“I'd say, yeah, we try and stay, depending on the stage and type of company, we try and stay in that between, 20 post range under that. But yeah, we have, you know, venture is a game of exceptions. So we do have, we see an exceptional founder, exceptional team,…”

Anupam Rastogi Sep 22, 2023 ▶ 12:35 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Insight

Fund Longevity Matters Far More to Founders Than LP Composition

“I don't know if that has a very meaningful impact on the founder directly. The, what could matter to founders is the fund being around and being prominent over time or not.”

Anupam Rastogi Sep 22, 2023 ▶ 16:00 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Disclosure

Emergent Ventures Targets 22 to 25 Investments From $76M Seed Fund

“Yeah, we are investing out of a seventy-six million dollar core seed fund, and we would do about 22 to 25 investments per fund, and we do a fairly concentrated approach to seed investing, and there's two of us general partners, and we invest the fund over, you…”

Anupam Rastogi Sep 22, 2023 ▶ 2:09 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Disclosure

Emergent Ventures Maintains Steady Pace of Five to Seven Deals Annually

“I'd say we've been at pretty constant five, six, seven deals per year throughout this fund. And that's what we have done in the last six months, we've done three deals as well. And last year we did six deals. So we've been right on pace and 20, 21 was about th…”

Anupam Rastogi Sep 22, 2023 ▶ 3:35 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Disclosure

Emergent Writes $1.5M Initial Checks, Reserving Up to $5M Total

“Our average check size is about one and a half million initial check, and then up to three to five million over the, you know, over a course of time.”

Anupam Rastogi Sep 22, 2023 ▶ 5:10 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Disclosure

Emergent Ventures Targets 10% to 12% Median Ownership as Lead Investor

“Yeah, we try and target, ah, 10% where we can, again, reflecting our lead investor status. So we are pretty happy to go and form our conviction. And then often, you know, others, we have, you know, there's quite a few folks that like to follow us and join roun…”

Anupam Rastogi Sep 22, 2023 ▶ 12:03 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Disclosure

Emergent Ventures Averages Single-Digit Million Post-Money Seed Valuations

“It's a vast majority, we have single-digit million valuation.”

Anupam Rastogi Sep 22, 2023 ▶ 13:57 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Disclosure

Emergent Ventures Averages Three to Four Weeks to Close Deals

“Safe rounds, pretty clean. We can do it in as little as a few days, and we have done it. And then in some cases where there's complex, you know, we have quite a few cross geography companies. So all our companies are US market focused, but we have quite a few …”

Anupam Rastogi Sep 22, 2023 ▶ 14:20 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Appearances (1)

Episode	Date	Speaking time
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works	Sep 22, 2023	10m

Anupam Rastogi

The record, in short

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Appearances (1)

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