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It's totally reasonable to say "I only want $ from big firms" because they can actually do followon rounds. As much as USV seems to be regarded pretty well, the
by neworbit 16y ago
It's totally reasonable to say "I only want $ from big firms" because they can actually do followon rounds. As much as USV seems to be regarded pretty well, their stated preference is to only put a few million in over the life of a company - if you're expecting to build something capital intensive, you're better off going with a firm that can back you sufficiently. Even relatively early rounds ($12M at 60 pre for Uber, etc) are getting done for more than the smaller VC firms want to put in over the entire life cycle.