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A comment on Paul Graham’s Prescription For VCs: Move Fast, Take Less Equity.

Re:Paul Graham’s Prescription For VCs: Move Fast, Take Less ... by peloton on Sunday June 30, 2013 @11:31PM (#5968461)
My opinion is that we need more big seed funds (lets say ~$50M fund size). We can't rely on Series A funds to do smaller deals. Revolution comes from below. Besides, those Series A funds have probably sold an investment strategy to their LP investors and they can't change (or don't want to look silly changing) strategies in the middle of their fund.
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Re:Paul Graham’s Prescription For VCs: Move Fast, Take Less ... by tmandarano on Sunday June 30, 2013 @11:55PM (#5968538)
Agreed. More smaller cap funds and accelerate deal closing. Shouldn't take three months to raise. Right team, right product/pitch and they should be on their way iterating as fast as possible.

This could also potentially shorten length of runway needed. If you knew you could raise in 30 days... you wouldn't need 12 months of runway. Much more efficient for the entire ecosystem.

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