354. The VC Networking Playbook, Credit and Pricing Risk in New Asset Classes, and How VC Market Hype Should Impact Stage Focus and Net Buy/Sell Positions (Ali Hamed)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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What Do You Want to Be in a Hot Market?
In venture capital, the closest thing you can be to being a net seller is not taking your paratta. So we had to go earlier because by the time a company was a series A B or C company, the valuation was so ridiculous that it didn't really make a lot of sense for our fund to keep taking the paratta. And we had to be more complicated because all the quote unquote checklist companies were getting over bid. During cold markets, valuations are low and you don't need to be that creative. You can go do the sass deals again because less people are doing them.
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