Emergent Ventures Averages Single-Digit Million Post-Money Seed Valuations
Anupam Rastogi · Behind The Term Sheet: How this $76m Seed Stage Fund Really Works · Sep 22, 2023 · at 13:57
Emergent Ventures partner Anupam Rastogi discusses the firm's early-stage seed investing strategy and valuation entry points with host Nathan Latka.
0:00 / 0:02exact quote · 2.9s
720p mp4 · rendered on demand · StarZero watermark
“It's a vast majority, we have single-digit million valuation.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Anupam Rastogi
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.”
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 …”
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.”
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,…”
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.”
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…”