The Lost Art of Early Stage Venture Capital

Of these companies that become well financed we only need 15–25% of those to pan out to return 2–3x the fund. But this is all driven on the assumption that we didn’t write a $20 million check out of the gate, that we didn’t pay a $100 million pre-money valuation and that we took a meaningful ownership stake by making a very early bet on founders an... See more

These funds typically take investments from individuals in the range of $250,000 to $5 million. Because they have small staffs and are directed by only one or two general partners, these funds tend to specialize in particular parts of the early-stage world. For example, SocialStarts, based in San Francisco, invests in startups related to social med

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1. young funds invest particularly early2. emerging VC focuses on trends at early stage3. new fund managers have different work experience