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Most successful funds place the majority of their dollars in follow-on rounds for their earlier investments.
by spullara 13y ago
Most successful funds place the majority of their dollars in follow-on rounds for their earlier investments.
- pmarca 13y agoCorrect -- this is a key consideration for actually running one of these funds that is not always obvious on the outside. A $5M A round investment carries an implied commitment to invest $10-15M more in later rounds.