Insight certainty 3/5 debate potential 2/5

Fund Longevity Matters Far More to Founders Than LP Composition

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

Anupam Rastogi, partner at Emergent Ventures, discusses what founders should evaluate when conducting due diligence on prospective VC investors.

0:00 / 0:11exact quote · 11.8s
720p mp4 · rendered on demand · StarZero watermark
“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.”

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

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
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
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.