Hi Casters. I wrote about some "inside VC" topics this morning. You may or may not find this interesting. But if you are in VC, particularly early in your career, you should give this a read.

Hi Casters. I wrote about some "inside VC" topics this morning. You may or may not find this interesting. But if you are in VC, particularly early in your career, you should give this a read. https://avc.xyz/reserves,-recycling,-and-returns

thanks for writing this. i used to do most follow-on rounds with at least my prorata to not get diluted. but i found a few fake-unicorns (ex is grove.co) where this strategy didn't work at all. then other real unicorns (like instacart) where investing only once before series A provided incredible returns with no follow-on investments. just presenting a real-life counter argument for a nano scale investor here