20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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Investing as out-of-the-money call options
Alex describes early rounds as call options and why price and stage affect consensus and ownership needs.
Play episode from 16:09
Transcript
