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It's often an issue in up-rounds as well. Sometimes firms can't follow-on from a different fund even if they're following, up-round or down-round. That's why f
by ganeumann 10y ago
It's often an issue in up-rounds as well.
Sometimes firms can't follow-on from a different fund even if they're following, up-round or down-round. That's why funds usually reserve money for follow-on investments.
Firms often have to go back to their LPs if they want to invest in the same company across funds.
- mathattack 10y agoThis highlights why it's important to see how VCs operate over time on issues like these. Some VCs make transition rounds easier than others.