Ben Horowitz: "This is not just a hits driven business. This is like a grand slam driven business" He says if you are in one of the few companies that will matter this decade on an enduring global scale, it's about owning as much of those companies as you possibly can. The first deal on angelis from a syndicate was com, and it was my first syndicate. And i put 50 k in the syndicate, came in for 328 thousand dollars. We two billion plus return. It's a hundred, 20 billion dollar position. No return comes anywhere close to com wer ta N jesus.
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!