Sublime

Tiger: VCs are rarely (if ever) helpful at the growth stage, so the best product I can offer founders is a high price (i.e. cheaper, less-dilutive capital), a quick & minimally distracting fundraise process, and to stay completely out of their way when we’re on the cap table. This approach also enables me to invest at high velocity despite having a... See more

Recall that the value of money had an impact on which factors were important. In a bull market, most companies get markups, but the best get marked up more. This is why we’ve seen GPs with distribution, networks, and more diversified portfolios do well in recent years. These are the collaborative, good-karma guys who everyone likes at their cap tab... See more

Dipl.-Ing. Lars BehrendtDipl.-Ing. Lars Behrendt

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CEO@GRANNY&SMITH | WORKED WITH 7 OF GERMANY'S TOP 9 INNOVATORS: PORSCHE, SIEMENS, VW | CUT FAILURE RATES BY 70% WITH INNOWEEK® | LED 700+ INNOVATION PROJECTS | 15+ YEARS EXPERIENCE | BESTSELLING AUTHOR | KEYNOTE SPEAKERCEO@GRANNY&SMITH | WORKED WITH 7 OF GERMANY'S TOP 9 INNOVATORS: PORSCHE,... See more

VC is a Power Law business which means only a few cos deliver most of the returns - David Clark from VenCap breaks it down with data on 11.350 companies from 259 funds from 1986 - 2018. Only 1.1% out of 11,350 cos returned the whole fund!

David Clark responded to my tweet that median fund size for fund returners was $350M and many funds >$1b

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Local market conditions will undoubtedly continue to fluctuate. By targeting markets with sizable momentum at a given funding stage or within a particular vertical, both startups and their investors can gain a true edge.For example, TechCrunch recently analyzed African startup valuation trends and found more robust tailwinds out of Kenya than any o... See more

Speaking to these guys, a common sentiment that’s come through is that the good founders want to deal with individuals. Julian Shapiro put it well the other day: You can carry a hero brand within a firm (such as Chris Dixon in a16z crypto), or you can carry a firm on your hero brand.