Fundraising, Summer 2020: Everyone is always raising and pre-empting. But because saying you are raising has somehow become a negative signal, people keep looking 'to just meet smart investors'.
has this not been the same as the past five years? You’re never raising until you’re 90% subscribed
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I’m out of the game and it’s definitely a *lot* more aggressive now, but iirc the “good companies get pre empted” started 2015 and was solidified in 2016. almost no chance to win unless you catalyzed the round or could react super fast (ie had already done work and had a POV)
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I remember in 2015 the hot companies raising Bs all started asking for 20 at 100 post, and it became the norm during 2016 (roughly). has just aggressively escalated from there
End of conversation
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