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https://warpcast.com/~/channel/venturecapital
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rphgrc.base.eth ↑🔵🎩😺
@rphgrc.eth
In Venture Capital, we often marvel at the massive funds managed by industry titans today. But it is humbling to look back at their beginnings. Most major VC franchises started with a modest first fund and early believers who took a chance on "unproven" GP talent. 🧵 1/5
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justin.ahn.eth
@ahn.eth
>Most major VC franchises started with a modest first fund and early believers who took a chance on "unproven" GP talent. not unlike founders and their angel/early investors too
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rphgrc.base.eth ↑🔵🎩😺
@rphgrc.eth
Exactly What I don't get here: A lot of prospective, generalist LPs with limited direct dealflow, shy away from committing to a new VC firm's pre-seed fund 1 But risk is much lower than a straight ticket in a direct pre-seed startup However these same LPs seem more inclined to the latter Nonsense to mee
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