Increasingly believe in order to hit what are now considered good returns for seed funds (5x+ gross), you have to model either: - A far lower loss ratio (down from industry norm of ~35% at seed) - Your best company returning *minimum* 2x the fund.
Replying to @mhdempsey
The growth of 500-1.5b acqs is an under-appreciated tailwind here
2:00 PM - 16 Jun 2021
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