Seed stage VCs stress waaaaay too much about competition. Most markets are enormous and not winner-take-all.
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Also known as "retirement"
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Signing SAFEs and sending wires is hard work
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Do you believe there’s room for your smaller seed stage investors to do the (useful) things your larger investors are doing?
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Had a founder tell me yesterday his $100k check was way more helpful than his $1M check
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100%. Even 20k checks. If x axis is amount invested and y is helpfulness, our graph is an inverted bell curve.
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Yes!! Small guys trying to prove themselves and big guys know what it takes to make it work.
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In what crazy seed world is $1m the middle of the curve for check sizes?
End of conversation
New conversation -
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It takes a special form of smart to be able to say “Incentives for VCs cause them to maximize for prestige and not for return. I’m going to invest for return and, when people make fun of me, I shall dry my tears on money.”
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One walked me through me their model. Historically it basically looks like YC just with 20x worse returns, which crazily enough is still solid.
End of conversation
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