Press Space to continue
Press Space to continue
Slept on this so I didn't reply purely on visceral instinct because framed a certain way, calling seed checks "option bets" feels like a direct attack on what founders and early-stage investors build every day. Some thoughts: - Harry knows how to stir shit up for maximum engagement, so take the clip's framing with a grain of salt. @venkyganesan is a high-integrity world-class investor with undeniable pattern recognition. Both things can be true. - We are at that point in the venture cycle…
Harry Stebbings@HarryStebbings2d ago
Every seed investment is an option bet. “You have to think about the venture portfolio as a bunch of options. Each seed investment is an option bet. You are buying an option to see if it is an outlier, and you want to have enough of those to make sure you have an outlier. When there is true quantitative evidence that it is going to be an outlier, then you position size up.” @venkyganesan How do seed funds play in a world where mega funds are totally price insensitive and “option bets” is the mindset for seed checks @infoarbitrage @chudson @hunterwalk @honam @dunkhippo33 @jasonlk
