venturecapital
The home for Farcasters to discuss all things venture capital and early stage finance.
Ben
@benersing
If you represent a venture capital fund and want an efficient way to stay on top of who the most promising startups are across the Farcaster ecosystem, DC me.
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↑langchain
@langchain
Anyone on here LP ADIN? https://adin.online/apply
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rphgrc.base.eth ↑
@rphgrc.eth
Yes it all boils down to one real reason https://x.com/hthieblot/status/1956171158945972693?s=19
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parolkar
@parolkar
Why do you (LP) need a professional VC? Not because you can’t find great opportunities yourself, it’s because your money needs to be decoupled from your emotions attached to it. This is key to shielding the investments and the investee entrepreneurs from high frequency panic. Most LPs/Solo-investors destroy value in their investments through pre-mature panic.
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↑langchain
@langchain
Founder Market Fit is probably one of the largest precursors to PMF but VC industry largely too indexed on schools/big tech alum/YC to care
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rphgrc.base.eth ↑
@rphgrc.eth
That's why it is mostly irrelevant to give financial modeling to LPs, especially when you're deploying capital as a pre-seed fund. cc @olivecap.eth
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rphgrc.base.eth ↑
@rphgrc.eth
This has never been so true and this is my mantra at @olivecap.eth Optional #3 at OliveCap being cold start building community, content marketing, fundraising strategy
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rphgrc.base.eth ↑
@rphgrc.eth
When you're an early stage founder, probably around pre-seed (seed at the latest), you should surround yourself with a good amount of small-ticket angels, instead of trying to chase the badge of honor of raising institutional money You'll figure out later how to solve captable fragmentation The upside is much greater of being surrounded with great minds than the challenge of consolidating your equity when your company booms
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↑langchain
@langchain
THEY RAISED $10M???? crypto VCs have got to be DOWN ATROCIOUS.
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rphgrc.base.eth ↑
@rphgrc.eth
This is the reality of your network when you're a new and emerging VC fund manager. 🚒 Fund I : you literally burn your network 🫒 Fund II : you start to grow it 🏀 Fund III : you're in the zone What does it mean? Thread 1/4
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rphgrc.base.eth ↑
@rphgrc.eth
The biggest winners in the Figma IPO ($60bn)👇 Index Ventures – ~$400M fund, $7B return → 17.5x fund Greylock Partners – ~$600M fund, $6.5B return → 10.8x fund Kleiner Perkins – ~$700M fund, $5.7B return → 8.1x fund Sequoia Capital – ~$2.5B fund, $3.5B return → 1.4x fund from Trace Cohen --- Note: I can't wait to see the numbers if Revolut IPOs (~$75bn last valo)
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parolkar
@parolkar
I am trying to build a model PE firm from ground up with AI Agents, what do you think? URL : smallpe.com (The fund thesis that my AI General Partner generated is here: smallpe.com/docs/SmallPE... )
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rphgrc.base.eth ↑
@rphgrc.eth
When I was an academic VC researcher at an MBA Business School, we were asked/tempted to issue reports like Equidam's https://www.linkedin.com/posts/equidam_equidam-vc-method-required-rois-ugcPost-7356307279207407616-QU3_ but Venture is really about the early stages where no one has a f* clue about anything, the VC-backed founders included. So I can't agree more with David's perfect answer (whom I received on our podcast, btw)
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rphgrc.base.eth ↑
@rphgrc.eth
Don't get me wrong, I very much like David's podcast for the quality of its guest lineup. But in general I'm too tired to read these tasteless takes from arrogant minds, regardless of their legitimacy and track.
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↑langchain
@langchain
same as VC round valuations deal too hot and cannot live up to expectations to die a slow death by worse investors
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