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The Pros and Cons of Being a Super Early Stage VC
In Q2, we're going to see annualized seed deal volume that surpasses 2020 according to pitch book data. But we're seeing a pretty steady decline, I think, in the actual value of those deals. So if there's no one to invest at early stage, or if the market for your seed investments is really crowded, it's going to be really difficult to get those companies moving on.