Venture capital firms are trying to buy up ownership before there's a competitive market for this equity. What you're actually doing is pulling forward the a time that they could raise and basically saying, "If you don't want to do the work, whatever" Anwiis both ways. It's value created for you, its value reatoany winwin. You have an internal offer, and then come back you she gets,. i wore meinlic if you want to get a great external round down these days like that, you got to do that.
Ben Gilbert & David Rosenthal from Acquired join to discuss David's new venture fund Kindergarten Ventures (00:56), how to structure a VC fund (12:16), Jason's super pro-rata strategy (30:17), podcasting (35:50), and they tease the next episode on "The Mount Rushmore of Venture Capital" (56:11) & more!