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Better Tomorrow Ventures, Jake and Sheel on Investing in FinTech, fund construction, and fundraising lessons
Venture Unlocked: The playbook for venture capital managers
Fund of Funds - How Did You Get There?
It took us almost a year from start to finish. A lot of those plans actually got laid to waste because the market shifted so much. We had this huge portfolio of companies where we'd written tiny checks and we had outsized ownership relative to the check size, but we're pretty small owners on the overall cap table. It doesn't make sense for us to write small checks and get low ownership when we're going to be putting that much work in. And if you're their first call, while they have another investor on the cap table that 15% of your company is worth five times as much, it's just not worth it. That's largely how we've kind of thought about
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