Later-stage investors who disparage seed investing as "spray and pray" don't realize that "pray" can be replaced by "help."
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It's an understandable oversight. The later you invest, the less you can, or are expected to, help the company. What people don't get (it was a surprise to me at first) is that things change so much at the seed stage that it's qualitatively different.
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Seed investing is so different from series A investing that you have to be a different sort of person to do it well. Jessica and I were well suited to seed investing, but I don't think either of us would make good VCs. You have to be tougher and better at thinking about money.
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It might seem that all investing would be about money, and perhaps most is, but seed stage investing is much more about product questions than financial questions. You're just trying to make something people want. Thinking too much about profit margins is premature optimization.
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Makes sense. I’m a founder and would much rather be a seed investor later in life.
End of conversation
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Like how to actually generate revenue, not just growth?
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there’s something very special about how you both approached yc and it’s not talked about enough
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It’s very similar to football recruitment (youth...senior) and requires different strategies and teams
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genuine question: why do you have to be tougher for series A investing than seed investing?
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Which qualities/skills should you have to be good at seed investing that won't help you at later stage investing?
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