Re:Seed investors: the good, the bad and the ugly, from a fo...
by jacquesm on Thursday November 11, 2021 @07:23AM
(#29187145)
PG has a perspective that is fairly unique in this, both in quantity and in quality. But it is somewhat limited to the SV investment scene which is unique on the planet.
Elsewhere, associates do a lot of the legwork making sure that a VC can cope with the deluge of investment proposals. If you have access to a partner, by all means, use it. But if you're going around cap-in-hand looking for investment get used to dealing with associates. We see about 40 deals per year and the bulk of those have significant contributions from the VC associates.
Some of these are great and effective, some not so great, some downright terrible. It all depends on the firm and even on that particular associate. There are even firms where it is probably more effective to go through an associate because they can effectively become your champion inside the VC.
Elsewhere, associates do a lot of the legwork making sure that a VC can cope with the deluge of investment proposals. If you have access to a partner, by all means, use it. But if you're going around cap-in-hand looking for investment get used to dealing with associates. We see about 40 deals per year and the bulk of those have significant contributions from the VC associates.
Some of these are great and effective, some not so great, some downright terrible. It all depends on the firm and even on that particular associate. There are even firms where it is probably more effective to go through an associate because they can effectively become your champion inside the VC.