Most VC's price startups based primarily on their fund size, which drive their comfortable check size and target ownership. They then try to convince founders that a certain round size and valuation is "market" for their type of company and stage.
I’ve completely changed my mind about this. A strong intro to an associate is much better than mediocre intro to a partner.
It's kind of comical to think that 10 years ago VC's thought that selling mattresses and luggage online was innovation.
Thought: VC's can bet on different versions of the future. But there is only one version of the present. In other words, VCs will believe any version of the future if they are excited by what's happening right now.
This is actually a very interesting discussion. It's near consensus now that the only strategies that make sense in VC is large platform or small specialist. So it's kind of a hot take to say that verticalized venture doesn't work. A couple...