2 ms·
8-9 companies would turn it into a highly speculative fund, given the expected distribution of returns for typical startups. I would expect a 39M fund to invest
by diego 13y ago
8-9 companies would turn it into a highly speculative fund, given the expected distribution of returns for typical startups. I would expect a 39M fund to invest in "seed stage" companies, in chunks of 100k to 1M tops. I'd expect them to aim to have between 50 and 100 investments when the fund is fully deployed.