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seed investors might write off a $500k check if their model is to write 30 of them and carry the fund with a 100x-er (and many investors are not so cool with lo
by dustingetz 3y ago
seed investors might write off a $500k check if their model is to write 30 of them and carry the fund with a 100x-er (and many investors are not so cool with losing), but $32M is not that model. A recent comparable example is Pitch - https://twitter.com/unamashana/status/1745417095809307080 https://twitter.com/unamashana/status/1745417095809307080
- jlas 3y agoThis. As you get into later stages, check sizes become bigger and so does risk aversion + due diligence.