The most prestigious law school admissions discussion board in the world.
|
 |
 
|
In VC, taking Questions
Poast new message in this thread
Date: September 12th, 2020 1:01 PM Author: Contagious field macaca At a small firm. Ask me anything about the VC world? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40908565) |
 |
Date: September 12th, 2020 4:22 PM Author: Contagious field macaca bump (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909304) |
Date: September 12th, 2020 4:23 PM Author: Aromatic People Who Are Hurt Background Story why do you exist all stages of funding should be done by angels, institutions/HNW investing principally, ending with bigcorp acquisitions |
|
Date: September 12th, 2020 4:29 PM Author: Contagious field macaca VCs allegedly have a network that is greater than the sum of its parts (Angel Investors, etc), and you can create a portfolio to spread risk and be a better investment for institutions who don't have the "expertise".
|
|
Date: September 12th, 2020 4:31 PM Author: Dashing liquid oxygen hell How was life in Ho Chi Minh City? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909354) |
|
Date: September 12th, 2020 4:32 PM Author: Very tactful rehab scourge upon the earth Has business dried up since the pandemic began? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909355) |
|
Date: September 12th, 2020 5:24 PM Author: Contagious field macaca Raising has gotten harder. Valuations are lower, so that's a plus, but the business climate is a bit weaker, but not detrimantally so.
TLDR: No |
|
Date: September 12th, 2020 4:39 PM Author: Razzle Blood Rage Tank How to break in? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909387) |
|
Date: September 12th, 2020 4:40 PM Author: self-absorbed base (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909392) |
|
Date: September 12th, 2020 5:28 PM Author: Contagious field macaca Why do you want to break into VC?
There's a big difference between Sequoia, KPCB, Benchmark, etc, and the smaller funds. It's very top-heavy.
But there are two main ways:
1) Network like crazy to be an associate and then leave after two years 2) Have an exit and be invited to join as a Partner.
2 is infinitely better than 1. |
|
Date: September 12th, 2020 4:41 PM Author: Disrespectful Appetizing Theater Indirect Expression comp last year? what are you anticipating this year. what level seniority (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909399) |
|
Date: September 13th, 2020 1:43 PM Author: jet generalized bond feces (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913242) |
|
Date: September 13th, 2020 4:49 PM Author: godawful coral halford (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913972) |
|
Date: September 13th, 2020 5:07 PM Author: Contagious field macaca Base: $120 + 20-40% of base as bonus. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914032) |
|
Date: September 12th, 2020 4:43 PM Author: bossy canary theatre what kind of returns do you target?
what industries? |
|
Date: September 12th, 2020 5:30 PM Author: Contagious field macaca Industries are B2B, and digitalization of industry. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909719) |
|
Date: September 12th, 2020 5:27 PM Author: Mentally impaired pit What do you think of vc lawyers? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909708) |
|
Date: September 12th, 2020 5:29 PM Author: Contagious field macaca Necessary evil, and expensive. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909716) |
|
Date: September 12th, 2020 5:47 PM Author: Mentally impaired pit What makes a good vc lawyer stand out? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909788) |
|
Date: September 12th, 2020 5:30 PM Author: galvanic property goyim don’t you have an adverse selection problem as a smaller firm? funding from the top funds seems to pay for itself in the form of higher valuations. listing them in your cap table has lots of tangible (bigger network, operational talent, etc) and intangible benefits.
so the opportunities that cross your desk are basically almost always inferior, no? they’re ones the top names probably already passed on
also do you do series a or later stage investments? the latter seems increasingly like a suckers game |
|
Date: September 12th, 2020 5:32 PM Author: Contagious field macaca Yes the names that cross our desk are inferior from an inbound standpoint. However, there's outbound reach-outs and you can get traction (co-invest with Sequoia's, be seed lead investors, etc) based on personality and partner's background.
We do series A and seed, but really series A as product market fit is really important to us. Series B + is more growth equity and that's a different ballgame.
|
|
Date: September 12th, 2020 5:39 PM Author: galvanic property goyim does vc have a future if ipos never come back? Can m&a and spacs completely replace ipos as the way to exit
i’d probably miss selling overvalued stock to stupid retail investors if i were a vc investor |
|
Date: September 12th, 2020 5:40 PM Author: Contagious field macaca IPOs never left, and will always be there. M&A is always there. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909758) |
|
Date: September 12th, 2020 5:43 PM Author: galvanic property goyim they’re well under <10% of all vc exits and all the money in private markets suggests they’re going away for all but the zooms and ubers of the world
how would a financial sponsors investment banker make money from you? ie how do they add value, assuming any do? i bet you hate sell side bankers (99% of vc guys do) |
|
Date: September 13th, 2020 12:35 PM Author: opaque center knife i did ibanking years ago
we don't make money from vcs. all our pitch decks have PE firm names on them and if u want to know my team's breakdown of revenue it was 85% from corporates and 15% from pe and misc like getting some kickback leveraging our cap markets for bundled financing M&A/lbo deals
pe firms get GIANT DISCOUNTS in fees but we deal with this shit because even a large corp may only do 1 deal every few years, but PE firms have such high volume we're constantly sucking their dick cause it's a familiar dick. similar to whores preferring 1 sugar daddy paying them less but is a regular customer for 10 years vs pitching 10 sugar daddies who only have 1-2 fuck sessions to give. |
|
Date: September 12th, 2020 5:36 PM Author: hairraiser buff bawdyhouse kitty cat how much do you make (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909741) |
|
Date: September 12th, 2020 5:38 PM Author: Contagious field macaca Base: $120k + bonus ($24k to $48k) (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909748) |
|
Date: September 12th, 2020 5:38 PM Author: hairraiser buff bawdyhouse kitty cat seems very low (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909751) |
|
Date: September 12th, 2020 5:41 PM Author: bossy canary theatre Lmao (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909761) |
|
Date: September 12th, 2020 5:43 PM Author: Disrespectful Appetizing Theater Indirect Expression (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909770) |
|
Date: September 12th, 2020 5:44 PM Author: hairraiser buff bawdyhouse kitty cat (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909771) |
|
Date: September 12th, 2020 5:44 PM Author: Contagious field macaca (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909774) |
|
Date: September 22nd, 2020 1:51 PM Author: Odious Trump Supporter (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966740) |
|
Date: September 12th, 2020 5:46 PM Author: galvanic property goyim seniority?
i’d rather be paid $80k to do vc than $400k to be a corporate lawyer fyi |
|
Date: September 12th, 2020 5:47 PM Author: Contagious field macaca Senior Associate / VP. Hours are 40hrs/ wk. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909786) |
|
Date: September 12th, 2020 5:48 PM Author: galvanic property goyim goddamn son. any carry at least? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909791) |
|
Date: September 12th, 2020 5:49 PM Author: Contagious field macaca Not yet. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909797) |
|
Date: September 12th, 2020 7:12 PM Author: hot stag film lol (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910187) |
|
Date: September 13th, 2020 9:53 AM Author: galvanic property goyim 100% true. investing >>> worthless rent seeking scribe (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912420) |
|
Date: September 13th, 2020 1:48 PM Author: opaque center knife doubt that
if u wanna cold call 40 hours a week email me
i know plenty of firms including surveymonkey who will pay u $80k for that |
|
Date: September 14th, 2020 9:15 AM Author: Contagious field macaca I do very very little cold calling. Maybe 5% of my time is emailing potential portfolio companies. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916840) |
|
Date: September 12th, 2020 5:46 PM Author: Charismatic charcoal depressive How many hours do you work per week? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909782) |
|
Date: September 12th, 2020 5:48 PM Author: Contagious field macaca 40 (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909789) |
|
Date: September 12th, 2020 7:10 PM Author: khaki motley nibblets Damn son I’ll make 500 this year as a lolyer (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910181) |
|
Date: September 12th, 2020 7:15 PM Author: opaque center knife v10? how many years in biglaw (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910206) |
|
Date: September 13th, 2020 1:46 PM Author: jet generalized bond feces Does this career path offer a track to being a partner or getting the real $$? What’s the timeline?
Do you have to live in the Bay Area on that salary? |
|
Date: September 13th, 2020 2:26 PM Author: Contagious field macaca There is often no path to being partner. Unless it’s explicitly stated at joining that you’re on partner track, which is rare, you don’t become a partner unless one day you Somehow do. No guarantees. Often, this comes at the expense of someone else getting booted. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913434) |
|
Date: September 13th, 2020 11:11 PM Author: jet generalized bond feces So what’s the payoff here? If you stay an associate for years, that’s the end game and your salary keeps improving? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915734) |
|
Date: September 27th, 2020 5:18 AM Author: Contagious field macaca No the most likely scenario is you get a first look at a port co and join as a bus dev director, etc. I did it cause I just wanted to try it out. I have no illusions I’ll make partner. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40994399) |
|
Date: September 16th, 2020 9:52 PM Author: jet generalized bond feces (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40932492) |
|
Date: September 13th, 2020 5:59 PM Author: Rusted Range Voyeur sorry did you say VC or associate-level corporate banker working in NC office of wells fargo? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914263) |
|
Date: September 12th, 2020 5:54 PM Author: Aromatic People Who Are Hurt Background Story what's with VC's that get booted acting like they wanted to leave/start a company all along (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909822) |
|
Date: September 12th, 2020 6:04 PM Author: Contagious field macaca Partners get booted all the time and it can be a toxic/ drama filled environment. When you’re unwelcome, you’ll know it. I’m seeing it with one of the associates and partners today. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909871) |
|
Date: September 12th, 2020 6:28 PM Author: Aromatic People Who Are Hurt Background Story I mean associates who have been on a prestige maximization / risk minimization path their whole life suddenly acting like they're startup material after getting the rug pulled out from under them (like you're not getting promoted) (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909986) |
|
Date: September 12th, 2020 7:03 PM Author: opaque center knife can u go into more detail
what do u mean ur seeing it today |
|
Date: September 13th, 2020 2:09 AM Author: Contagious field macaca As in their actions/ motivations get questioned/ scrutinized more during Monday calls. “Why are you doing this? Why are you not doing this?” Typical corporate politics when they want to push out someone. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40911748) |
|
Date: September 13th, 2020 1:40 PM Author: opaque center knife god that's demoralizing af
i've seen it before too but it sucks for everyone on the call |
|
Date: September 12th, 2020 7:05 PM Author: Talented bat-shit-crazy mexican garrison what are the best small VC firms (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910146) |
|
Date: September 13th, 2020 2:13 AM Author: Contagious field macaca If you’re good you’re not small since your portfolio co have exits and as a result you’ve been successful at raising funds. Leading indicators have a long tail since gestation periods of startups before they go public is 5-7 years.
In other words, I have no fucking clue, but maybe Emergence, QED? They’re not small but you probably haven’t heard of them. |
|
Date: September 13th, 2020 9:56 AM Author: cerebral principal's office karate Does your Firm qualify? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912432) |
|
Date: September 13th, 2020 1:16 PM Author: Contagious field macaca No (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913133) |
|
Date: September 12th, 2020 7:18 PM Author: hot stag film how many of the senior people are rich? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910218) |
|
Date: September 13th, 2020 2:10 AM Author: Contagious field macaca Our founding GP is rich. Probably has a net worth of $30M. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40911753) |
|
Date: September 13th, 2020 10:31 AM Author: opaque center knife that's pretty shit compared to megafund PE (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912541) |
|
Date: September 13th, 2020 11:26 AM Author: Contagious field macaca Yeah, we don’t have PE $$ in VC but the hours are a lot better. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912740) |
|
Date: September 13th, 2020 6:15 AM Author: Contagious field macaca Taking questions for the next 4 hours. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912055) |
|
Date: September 13th, 2020 6:22 AM Author: bossy canary theatre what is your personal end game? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912058) |
|
Date: September 13th, 2020 6:23 AM Author: Contagious field macaca VC partner (at a Top 10 firm), or start own firm. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912060) |
|
Date: September 13th, 2020 6:33 AM Author: bossy canary theatre do you think that’s realistic considering that you are currently getting paid like a glorified secretary?
not trying to be rude, but imo people who end up at that level are on the fast track very early on |
|
Date: September 13th, 2020 6:49 AM Author: Contagious field macaca Agreed, it's not realistic. But a guy can hope.
A more realistic target is Bus Dev Director at a startup/ portfolio co. And then re-looping once there's an exit.
You seem to know more than you're letting on. Are you in the industry? |
|
Date: September 13th, 2020 6:52 AM Author: bossy canary theatre not really. but I worked somewhere where I was never gonna be at the top, so I started my own business in a slightly different sphere. took a while to get my income back up but so much happier (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912070) |
|
Date: September 13th, 2020 9:01 AM Author: Contagious field macaca Yeah but starting your own gig in VC is hard without a track record. Raising $$$ is not so easy. And I don’t have family $$$. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912253) |
|
Date: September 13th, 2020 9:06 AM Author: bossy canary theatre it’s not easy whatsoever
but neither is having to suck miles of cock of those above you for decades of your life |
|
Date: August 4th, 2021 3:29 PM Author: Contagious field macaca This is so CR. But hard to follow thru. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#42896563) |
|
Date: September 13th, 2020 9:55 AM Author: cerebral principal's office karate Why doesn't your income scale with that of other internet posters? I thought VC/PE = $$$$$$$$$$$$$$$$$$$$$$$$$$. Do you just answer the phones or what. What City? You make the same as pedude and he thinks his income is ignominious and he isn't even in PE. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912425) |
|
Date: September 13th, 2020 10:38 AM Author: opaque center knife in terms of pay and prestige it goes:
megafund PE > upper mid market > top 5 VC sequoia accel etc. > mid market PE > growth equity > lower mid market PE > large vc > in-n-out manager > small vc
there's nothing to do at the vc stage if ur not a partner. there's no financials. there's no analysis. all u do is cold call and try to get a top startup to take ur shitty deal and preference stack before they ultimately email sequoia which is why it's a winner take all since 95% of startups fail and the good ones know exactly who to email first and it's not going to be nyreal & batgod's VC firm |
|
Date: September 13th, 2020 10:42 AM Author: cerebral principal's office karate I prefer the name, "batgod LLC" (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912583) |
|
Date: September 13th, 2020 10:51 AM Author: opaque center knife start it up bro u can do it (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912609) |
|
Date: September 13th, 2020 11:45 AM Author: Contagious field macaca Pay I agree. Prestige VC firms move up a few spot. Pretty sure Sequoia would be same prestige as mega PE. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912795) |
|
Date: September 13th, 2020 12:14 PM Author: opaque center knife maybe, ur focusing on the wrong things
who cares if cross admit battle between blackstone/kkr and sequoia is 70% vs. 80%. or maybe it's 60%.
what matters is can u retire early with a yacht or a few houses or never and just continue wage cucking.
Because when u die ur bones turn to ash and all u had was ur shitty meager blip of an existence |
|
Date: September 13th, 2020 12:19 PM Author: cerebral principal's office karate His posts will live on however. Who wants to read about some low-income Loser. At least if he is a Partner he can post a higher income and make the past less ignominious to reflect on for our descendants reading archive.org. What we do in life echoes in eternity. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912937) |
|
Date: September 13th, 2020 12:31 PM Author: opaque center knife agreed but he needs to have a plan to get out of this shitty 1st year midlaw salary stage
it's VERY HARD to make partner in a vc firm, it's harder in small shitty ones because if someone is in the position to boost u up to replace them, they would have to quit or die. there's no structure and very little meat to go around all the hungry mouths. and ur entirely 100% replaceable since ur a cold calling machine.
it's actually easier at sequoia to get partner vs. a generic vc or shit vc because if u get lucky and the stars align u may have enough experience in a niche field in a large org to sneak past the door and then get inside. |
|
Date: September 13th, 2020 1:17 PM Author: Contagious field macaca This guy knows what he’s talking about. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913136) |
|
Date: September 13th, 2020 4:42 PM Author: Aromatic People Who Are Hurt Background Story "cross admit"
what makes you think they'd (top VC) ever offer a job to someone who would turn them down for KKR/BX |
|
Date: September 22nd, 2020 2:13 PM Author: bipolar filthpig institution lol. this is completely retarded
top vc >>>>>>>>>>>>>>>> blackstone. with blackstone, you're managing executives at hilton hotels and jacob's cream crackers |
|
Date: October 2nd, 2020 5:07 AM Author: Contagious field macaca In terms of lay prestige, I agree with this. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030936) |
|
Date: September 13th, 2020 9:56 AM Author: vigorous parlor Does military experience help in getting hired? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912429) |
|
Date: September 13th, 2020 12:19 PM Author: cerebral principal's office karate (Rudolph) (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912940) |
|
Date: September 13th, 2020 12:21 PM Author: Contagious field macaca Not for VC. It’s a + for IB and PE. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912943) |
|
Date: September 13th, 2020 3:58 PM Author: galvanic property goyim (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913764) |
|
Date: September 13th, 2020 2:27 PM Author: brilliant buck-toothed parlour incel do you get carry (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913437) |
|
Date: September 13th, 2020 2:56 PM Author: Contagious field macaca At my current level I don’t. That’s where the real $$ is but that only pays out every 5-7 years. And unless you have a monster exit, carry really doesn’t add up to much amortized. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913574) |
|
Date: September 13th, 2020 3:04 PM Author: brilliant buck-toothed parlour incel lol faggot (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913593) |
|
Date: September 13th, 2020 7:01 PM Author: opaque center knife my buddy does vc he says the same thing as u
it's all prestige and 0 pay. some of these guys live in SF with 3 roommates in a fucking box apartment. |
|
Date: September 14th, 2020 10:13 AM Author: brilliant buck-toothed parlour incel sometimes you hit the lottery/have “vision” and can retire in your 30s/40s (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40917009) |
|
Date: September 14th, 2020 8:44 PM Author: opaque center knife ask anyone in vc
in those situations u'd rather be in the startup
mark zuckerberg got rich the 20th employee at facebook got rich peter thiel got rich
but even peter thiel's junior didn't see shit, much less some smaller vc firm's associates on those big exits |
|
Date: September 14th, 2020 8:49 PM Author: Aromatic People Who Are Hurt Background Story peter thiel's junior vc associate at the time is probably a mid level manager at airbnb rn lmfao (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920425) |
|
Date: September 22nd, 2020 2:27 PM Author: bipolar filthpig institution not true at all. thiel's junior vc is probably running his own fund now (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966944) |
|
Date: September 16th, 2020 10:25 PM Author: Razzle Blood Rage Tank isnt that why u get into VC? to identify a kushy unicorn to jump ship to? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40932709) |
|
Date: September 22nd, 2020 2:35 PM Author: bipolar filthpig institution thiel's junior VC can literally raise $$ from any LP to start his own fund. thiel would be his first investor. lol at you (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40967033) |
|
Date: September 13th, 2020 4:00 PM Author: Contagious field macaca Any questions on what I do on a day to day basis? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913774) |
|
Date: September 13th, 2020 4:10 PM Author: Charismatic charcoal depressive No one cares (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913837) |
|
Date: September 13th, 2020 4:20 PM Author: stubborn excitant ape chapel what percent of your colleagues have a background in sales/technical/finance background? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913886) |
|
Date: September 13th, 2020 5:08 PM Author: Contagious field macaca Sales: 0% Technical: just me Finance: everyone else
|
|
Date: September 13th, 2020 4:44 PM Author: Aromatic People Who Are Hurt Background Story how embarrassing is it for an ex-VC to have a startup not funded by their ex firm (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913956) |
|
Date: September 13th, 2020 5:10 PM Author: Contagious field macaca Not that embarrassing. No one cares. We look at the product-market fit above all else. Someone else investing makes you do a double take, so it's a positive if anyone invests, but not necessarily a negative if your ex-firm does not invest.
|
|
Date: September 13th, 2020 6:08 PM Author: Aromatic People Who Are Hurt Background Story couldn't a famous angel like Naval just be a seed/A investor instead, what's the difference
how rich do you think a guy like that is |
|
Date: September 13th, 2020 11:15 PM Author: jet generalized bond feces Good question. Also who TF is Naval? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915753) |
|
Date: September 13th, 2020 11:26 PM Author: Aromatic People Who Are Hurt Background Story https://en.wikipedia.org/wiki/Naval_Ravikant (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915792) |
|
Date: September 14th, 2020 8:26 AM Author: Contagious field macaca Admittedly I don’t know much about angel investing except for one key fact:
They are champs at the seed round and thus could have better returns than VCs on a percentage basis since most VCs come in at later seed or Series A. They have an institutional advantage over professional VCs in that they can spray and are faster moving, less bureaucratic.
|
|
Date: September 13th, 2020 11:30 PM Author: Razzle Blood Rage Tank Thoughts on rolling funds and their potential? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915804) |
|
Date: September 14th, 2020 8:27 AM Author: Contagious field macaca No insight. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916728) |
|
Date: September 16th, 2020 10:07 PM Author: Razzle Blood Rage Tank throw away email? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40932597) |
|
Date: September 25th, 2020 5:56 PM Author: Contagious field macaca robert.whitestown@gmail.com (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40987220) |
|
Date: September 14th, 2020 8:28 AM Author: opaque center knife do u manage anyone?
i.e. analysts, summer interns |
|
Date: September 14th, 2020 9:03 AM Author: Contagious field macaca Nope. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916801) |
|
Date: September 14th, 2020 9:13 AM Author: opaque center knife is there anyone below you at least?
if so, what happens when they join, they dont report to u? |
|
Date: September 14th, 2020 9:17 AM Author: Contagious field macaca They work on stuff for the Partners, and we may work together with me being the Unofficial Lead, without me having direct Chan of command. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916841) |
|
Date: September 14th, 2020 9:17 AM Author: gay frisky juggernaut volcanic crater How long will you stay in your current gig. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916842) |
|
Date: September 14th, 2020 10:12 AM Author: Contagious field macaca 1-2 years. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916997) |
|
Date: September 14th, 2020 10:19 AM Author: brilliant buck-toothed parlour incel after that? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40917044) |
|
Date: September 14th, 2020 10:36 AM Author: Contagious field macaca Switch to a bigger firm or run a company. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40917099) |
|
Date: September 14th, 2020 4:19 PM Author: Contagious field macaca Ask me about due diligence.. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40918862) |
|
Date: September 14th, 2020 4:56 PM Author: Talented bat-shit-crazy mexican garrison how do u do due diligence on a founder/team/company (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40919096) |
|
Date: September 15th, 2020 12:21 AM Author: Contagious field macaca Founder/ team, we do psych evaluations for what it’s worth. We are pretty hard bent on product market fit as well so that’s a proxy after the fact that the team is legit.
The company due diligence is based off of understanding the competitive landscape which we do by reading analyst reports on the market place, googling and connecting the dots. We also look for key unique selling points that the company states they have, which from what I’ve seen isn’t really challenged. We also do customer reference checks which are laughable.
So bottom line: the due diligence is really looking for information to back the fact that the company has product market fit and why we’ll invest so we can justify our decisions to the LPs. In my firm at least it’s not very forward looking. The lack of forward thought/ independent insight is remarkable. Ultimately, we’re a bunch of guys making bets hoping to get lucky, and the due diligence is more to justify capital calls than anything else. Not very different from what IB analysts do.
I do believe there are VC firms out there with more insight than us, but not too many. The point about whether we’ll exclusively get shitty deals as a no name brand VC I don’t completely agree with - you can establish ties with hot startups by connecting with them even if you’re a shitty firm if you have something in common with them.
|
|
Date: September 15th, 2020 6:41 PM Author: Talented bat-shit-crazy mexican garrison ty (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40925445) |
|
Date: September 14th, 2020 8:59 PM Author: underhanded chocolate main people Why are you so excited to take Qs? For someone in VC, you seem to know very little about it. No opinion on rolling funds? LOL, bud it's one of the biggest (if not the biggest) innovations in your space this year. I feel like I know more than you about VC based on spending a couple years at a startup.
The only insight you've had is that the economics of VC firms are very much captured by the top partner(s), despite VC firms increasingly calling everyone a "partner." If you're smart and technical, you should start a company. No in-demand founder is going to want some 31 yr old with his own "VC firm" investing if he has any real options, so you'd only get the shitty opportunities. There are rare exceptions (e.g., Fred Wilson), but most of the people who do really well in VC have been a successful founder or at least at a really high level exec of a company that had a big exit. |
|
Date: September 14th, 2020 9:02 PM Author: opaque center knife (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920503) |
|
Date: September 14th, 2020 9:02 PM Author: Aromatic People Who Are Hurt Background Story this guy is likely some VC serving lawyer or VC serving ibanker larping but who cares (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920505) |
|
Date: September 14th, 2020 9:19 PM Author: opaque center knife nah i believe OP but it's true there are so many SHITTY vc firms out there. it's a giant distribution, unlike PE where 50% of firms are legit, everyone and their mother is getting into vc or angel investing
and i don't mean just celebs like shaq o neil or jessica alba or ashton kutcher who are actually good and at least have a big wallet. i'm talking ex-oracle ex-microsoft balding 40 year old losers with barely $4mm bucks to scrape together hiring an army of cheap kids |
|
Date: September 14th, 2020 9:28 PM Author: underhanded chocolate main people Meh. Most of the celebrities as VC investors is just them cashing in on their name and ability to publicize products in exchange for equity. It makes a ton of sense in consumer products where the products (e.g., alcohol) is totally indistinguishable when you put aside branding.
Even if you're at a shit VC firm, you'd think youd have an actual thought on rolling funds. |
|
Date: September 15th, 2020 12:23 AM Author: Contagious field macaca This is correct. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40921527) |
|
Date: September 15th, 2020 7:03 AM Author: Contagious field macaca not a lawyer. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40922109) |
|
Date: September 15th, 2020 12:50 PM Author: Contagious field macaca Bump (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40923409) |
|
Date: September 15th, 2020 1:04 PM Author: underhanded chocolate main people You have zero insights, bud. Let your shit thread die. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40923500) |
|
Date: September 15th, 2020 1:34 PM Author: Contagious field macaca Anyone else who's not a MFE like ^ who's got questions? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40923684) |
|
Date: September 15th, 2020 5:06 PM Author: Aromatic People Who Are Hurt Background Story Do you value ex FAANG engineers as founders? you see this repeated in reddit and places where they hang out, like "ofc they'll want to fund a 35 year old staff engineer who has never shown any entrepreneurial inclination in his entire life!"
meanwhile actual successful vc-backed entrepreneurs are 20 y/o dropout child prodigies or older tech "vagabonds" with a string of successful exits |
|
Date: September 16th, 2020 5:57 AM Author: Contagious field macaca What’s most important is the skill/ idea/ grind you bring in. If you launched products end to end and have been working on something on the side with product market fit you’re in.
In other words, the 20 year old has been:
1) working on the entire business end to end 2) shows commitment to an idea and most likely has product market fit 3) can grind
Similarly for the veteran who’s had end to end experience, and has validation thru exits. He’ll be a better fit for B2B since he can hire grinders for him.
Ironically the mid level engineers are too narrow in their scope to both the college drop out and the veteran. In FAANG, you’re hired for a singular task and do it for 10-25 years before your scope starts broadening out again. At FAANG, you don’t do business, you do a task.
If there’s one key above all to VC investing it’s this: “product-market fit”
Hope that answers your question. |
|
Date: September 16th, 2020 11:35 AM Author: Contagious field macaca Any other questions. Here for the next 30 mins. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40928833) |
|
Date: September 16th, 2020 3:18 PM Author: Contagious field macaca Bump (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930065) |
|
Date: September 16th, 2020 3:38 PM Author: Charismatic charcoal depressive stfu fag (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930235) |
|
Date: September 16th, 2020 3:47 PM Author: Aromatic People Who Are Hurt Background Story I think a lot of people need to cope and say their shitty work experience is gonna set them up to be a great founder one day
you probably think VC experience is a good background to be fundable and then successful |
|
Date: September 16th, 2020 4:00 PM Author: Contagious field macaca You internalize what VCs are looking for. So you are more likely to get an “interview” but that’s it. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930376) |
|
Date: September 16th, 2020 3:21 PM Author: avocado startling windowlicker preventive strike are SPACs here to stay? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930082) |
|
Date: September 16th, 2020 4:00 PM Author: Contagious field macaca No. SPACs are the product of a roaring tech market. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930371) |
|
Date: September 16th, 2020 3:39 PM Author: Razzmatazz Queen Of The Night Half-breed how does a startup prove "product market fit" to the point where a vc would be interested in investment? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930245) |
|
Date: September 16th, 2020 4:02 PM Author: Contagious field macaca Do you have paying customers. Is your customer base growing. Is your ARR/ MRR growing at a 40+ % rate or so. What is your churn like? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930381) |
|
Date: September 16th, 2020 4:56 PM Author: cerebral principal's office karate Why do people with terrific growing businesses need to whore themselves out to assholes who want immense equity stakes in exchange for small amounts of money. Is your business basically "shark tank." (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930734) |
|
Date: September 16th, 2020 6:03 PM Author: Contagious field macaca To put fuel on the fire. There’s a limit to how much fire you can have based off of organic growth if your competition eats your lunch before you can scale big enough to ward him off.
Shark tank is not a bad representation at all. Slightly different nuances but the general principle is there. |
|
Date: September 17th, 2020 5:51 PM Author: Contagious field macaca Anyone else? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40937310) |
|
Date: September 20th, 2020 3:06 AM Author: Aromatic People Who Are Hurt Background Story 1) convince internet software businesses that don't really need your money to take it 2) ??? 3) profit |
|
Date: September 20th, 2020 7:15 AM Author: Contagious field macaca This is 90% accurate. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40952984) |
|
Date: September 18th, 2020 7:58 AM Author: Contagious field macaca Taking questions for the next hour. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40939905) |
|
Date: September 18th, 2020 8:14 AM Author: Mentally impaired pit Thoughts on WSGR, Cooley, Gunderson and Fenwick? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40939922) |
|
Date: September 20th, 2020 7:17 AM Author: Contagious field macaca No thoughts on the above. I have friends at Sonsini. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40952986) |
|
Date: September 20th, 2020 3:07 AM Author: Aromatic People Who Are Hurt Background Story https://techcrunch.com/2020/09/15/the-chainsmokers-just-closed-their-debut-venture-fund-mantis-with-35-million/ (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40952817) |
|
Date: September 20th, 2020 7:24 AM Author: Contagious field macaca Pretty interesting. I wonder how they got connected to Cuban. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40952995) |
|
Date: September 20th, 2020 2:58 PM Author: Aromatic People Who Are Hurt Background Story you like cuban? doesn't seem too bright to me (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40954733) |
|
Date: September 20th, 2020 3:15 PM Author: avocado startling windowlicker preventive strike (guy who doesn't know about the collar) (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40954845) |
|
Date: September 20th, 2020 3:34 PM Author: Aromatic People Who Are Hurt Background Story he's a scumbag/jock wannabe who made it doing glorified IT consulting (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40954991) |
|
Date: September 20th, 2020 3:41 PM Author: Contagious field macaca It's not a matter of liking Cuban. It's a matter of fundraising. We're fundraising ourselves and I always wonder how you get connected to potential investors, without going through sourcers, etc.
|
|
Date: September 20th, 2020 3:45 PM Author: Aromatic People Who Are Hurt Background Story he answers cold emails from college kids they're famous DJs |
|
Date: September 20th, 2020 3:16 PM Author: Nighttime Stimulating Dilemma How does his ass feel in comparison to his HA persona? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40954854) |
|
Date: September 21st, 2020 1:26 PM Author: Contagious field macaca Any new questions. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40959637) |
|
Date: September 22nd, 2020 12:04 PM Author: Contagious field macaca Taking questions for the next 2 hours. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966064) |
|
Date: September 22nd, 2020 1:49 PM Author: Talented bat-shit-crazy mexican garrison what r ur thoughts on wgwag (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966724) |
|
Date: September 22nd, 2020 2:07 PM Author: Contagious field macaca If you’re in America, good luck! If you’re into it, Europe / South America Is your best bet. This is assuming you’re American, and even if you’re not, but to a lesser extent. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966837) |
|
Date: September 23rd, 2020 1:23 PM Author: Contagious field macaca Anyone have questions? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40972694) |
|
Date: September 24th, 2020 9:23 AM Author: Contagious field macaca Answering questions for the next 30-60 mins. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40977782) |
|
Date: September 24th, 2020 9:24 AM Author: brilliant buck-toothed parlour incel what did you do before this? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40977790) |
|
Date: September 24th, 2020 12:54 PM Author: Contagious field macaca Engineering + Product Management (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40979158) |
|
Date: September 24th, 2020 1:54 PM Author: brilliant buck-toothed parlour incel what made you want to jump into vc? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40979557) |
|
Date: September 24th, 2020 2:01 PM Author: Contagious field macaca Thought investing in startups would be interesting and for the $$, glamour. So far it’s been grossly underwhelming. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40979608) |
|
Date: September 24th, 2020 4:41 PM Author: Contagious field macaca Any other questions? Here for the next hour. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40980591) |
|
Date: September 25th, 2020 5:43 PM Author: Contagious field macaca Any Friday specials? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40987137) |
|
Date: September 25th, 2020 5:45 PM Author: Odious Trump Supporter What did the first cock entering your anus feel like? Was it received with an admixture of pleasure and pain? Total delight? Was it someone you knew, a brother, cousin, close friend, father? Or a total stranger that you met at a bar on a rainy night and decided to just "give it a go" for the sheer thrill of it? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40987162) |
|
Date: September 26th, 2020 1:23 AM Author: Aromatic People Who Are Hurt Background Story who are your favorite VCs (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40989265) |
|
Date: September 26th, 2020 3:33 AM Author: Contagious field macaca Off the top of my head, as cliched as it sounds, I really liked Thiel. Have to think about this some more. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40989546) |
|
Date: September 25th, 2020 5:45 PM Author: Mauve Passionate Hall Ahem (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40987161) |
|
Date: September 26th, 2020 1:25 AM Author: brilliant buck-toothed parlour incel how hard is it to get vc funding? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40989267) |
|
Date: September 26th, 2020 2:33 AM Author: Contagious field macaca Very hard. For every 100 deals we have a follow-up with 10-20. Out of those 10-20, we’ll invest in 1-5 max. The problem is that a lot of guys don’t have product market fit and there’s no path to market dominance for the majority of startups. VCs are still a conservative bunch, and you have to show them why you’ll be a winner - they (VCs) won’t be able to envision it for themselves for the most part. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40989452) |
|
Date: September 27th, 2020 1:05 AM Author: Aromatic People Who Are Hurt Background Story Can you honestly say you would've invested in some of these latest tech IPOs as VC stage companies like Snowflake, nCino, what in the fuck are these |
|
Date: September 27th, 2020 5:13 AM Author: Contagious field macaca Snowflake for sure. nCino I don’t know anything about. The best VCs do two things really really well:
1) vision for the future success of the application 2) grasp of how the general public is going to take an idea. 2) can feed into 1) |
|
Date: September 29th, 2020 9:26 AM Author: Contagious field macaca Any new questions about my industry? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007073) |
|
Date: September 29th, 2020 9:28 AM Author: well-lubricated set Can an attorney from an "emerging companies" practice at a big firm (example: https://www.cooley.com/services/practice/emerging-companies) ever exit to a VC firm in a non-legal role?
|
|
Date: September 29th, 2020 10:45 AM Author: Contagious field macaca Impossible. Lawyers and legal experience are seen as support functions if not negatively. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007523) |
|
Date: September 29th, 2020 10:56 AM Author: well-lubricated set 180 fuck law (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007592) |
|
Date: September 29th, 2020 10:59 AM Author: galvanic property goyim They would probably have to do banking for a few years first. The idea of some seasoned M&A lawyer trying to analyze product market fit for a saas business is pretty funny (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007613) |
|
Date: September 29th, 2020 4:18 PM Author: Aromatic People Who Are Hurt Background Story i'm chortling that you think banking experience is good (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41009827) |
|
Date: September 30th, 2020 1:55 PM Author: Contagious field macaca Yeah banking experience is not seen very favorably, except maybe TMT at GS, but that's only for the brand, not for the experience. May be valuable at Growth funds though. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41018946) |
|
Date: October 1st, 2020 12:31 PM Author: heady chad gaming laptop ROFL and a 2 year banking analyst could do better?
Neither bankers nor lawyers are market or product specialists no matter how much you bleat to the contrary. |
|
Date: September 29th, 2020 11:35 AM Author: Gold Spectacular Location clicked on that link and this was the first attorney bio i saw without doing any searching. this may be the most punchable face in the world right now?
https://www.cooley.com/people/mischi-a-marca |
|
Date: September 29th, 2020 2:28 PM Author: Contagious field macaca Unhireable in VC for sure. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41009028) |
|
Date: September 29th, 2020 2:29 PM Author: Comical hilarious organic girlfriend yes, but very rare and much harder than it used to be (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41009035) |
|
Date: September 30th, 2020 12:34 PM Author: Contagious field macaca Ask me about how bad my VC firm’s approach to investing is? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41018406) |
|
Date: October 1st, 2020 12:29 PM Author: Contagious field macaca AMA (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41025143) |
|
Date: October 1st, 2020 12:36 PM Author: heady chad gaming laptop How much does wokeness/ESG stuff factor into your decision to invest? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41025172) |
|
Date: October 1st, 2020 2:29 PM Author: Contagious field macaca 0%. We have the reverse problem. We only invest in white firms. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41026028) |
|
Date: October 1st, 2020 6:07 PM Author: Contagious field macaca bump (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41027758) |
|
Date: October 1st, 2020 6:41 PM Author: Razzmatazz Queen Of The Night Half-breed For a Consumer facing Digital product, how much traction Should a company have before approaching VCs? How is traction defined? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41027973) |
|
Date: October 2nd, 2020 12:39 AM Author: Contagious field macaca Ideally 100% yoy growth to get VCs really interested. But your product will be judged on how much of that growth is organic, and not paid for. Equally important is the stickiness, your MAU and your churn.
Basically you can’t fake your growth. |
|
Date: October 2nd, 2020 1:24 AM Author: Razzmatazz Queen Of The Night Half-breed So what’s the minimum time period that a VC wants to see? At least 2 years post release? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030244) |
|
Date: October 2nd, 2020 5:08 AM Author: Contagious field macaca No. Month over month in year 1 is also acceptable but you Are strongest the more of a track record you have. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030939) |
|
Date: October 2nd, 2020 1:10 AM Author: Flesh Hairy Legs would you break down your general portfolio by sector for us or nah? if not I'll deduce you're mostly stacking T-bills and G-bills. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030084) |
|
Date: October 2nd, 2020 5:00 AM Author: Contagious field macaca We are B2B. Vast majority of our investments have been sensors or business process software. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030930) |
|
Date: October 2nd, 2020 12:14 PM Author: Contagious field macaca Any other questions? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41032637) |
|
Date: October 2nd, 2020 2:31 PM Author: Contagious field macaca Questions? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41033466) |
|
Date: October 2nd, 2020 2:40 PM Author: Gold Spectacular Location what would you all do, if anything, with a developer that had a proprietary tool of some sort but nothing else? would you invest in this person to help them organize their business and take their product to market if all they had to offer currently was a fully developed set of applications?
for example, say a developer came to you with the next great suite of day trading tools in tow. but this person had nothing else (e.g., an organized business, a strategy, funding, etc.). would you work with them? |
|
Date: October 2nd, 2020 3:28 PM Author: Contagious field macaca Yes, but you have to convince me/ VC that you can create a company out of it and not just a one trick feature. You’re best partnering with a business person before walking in the door. Improves your credibility- if you can convince someone else to join you, it means something. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41033862) |
|
Date: October 2nd, 2020 3:46 PM Author: Gold Spectacular Location just the answer i was looking for. thank you (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41033943) |
|
Date: October 4th, 2020 11:32 AM Author: Contagious field macaca bump. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41044420) |
|
Date: October 8th, 2020 6:31 PM Author: Contagious field macaca Any questions on what makes a shitty VC? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41076231) |
|
Date: October 9th, 2020 2:20 PM Author: Contagious field macaca ? (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41081240) |
|
Date: October 13th, 2020 3:50 PM Author: Contagious field macaca About to quit my VC firm. Taking questions. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41104514) |
|
Date: October 14th, 2020 5:33 PM Author: Contagious field macaca Just quit my vc firm!! Woohoo!! MD wants to chat with me tomorrow. Will update. (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41112318) |
|
Date: July 27th, 2021 8:16 PM Author: Aromatic People Who Are Hurt Background Story hey nigger. take q's again (http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#42853175) |
|
Date: July 27th, 2021 8:25 PM Author: Aromatic People Who Are Hurt Background Story new question: when people say they had one offer by some big name at one valuation and another by some lesser firm at a higher valuation and they had to pick one (valuation or name), why can't they just price discriminate, make them share the deal and pay different prices is that just bad etiquette or some shit |
|
Date: August 4th, 2021 3:28 PM Author: Contagious field macaca They certainly can drop hints of price discrimination. But with very few exceptions there's price matching... It starts a race to the bottom. Price / VC firm matching upfront. As in if you're a Sequoia type startup you go to Seq and it's cohort. You're typically not going down the food chain.
|