Tad: Getting pro rata in writing for a fund of that size seems a little bit silly to me. I think having like, handshake agreements with the founders where you stay really close with them. In a seed round, you'll get prorata, 250 k. You be a major investor in one or two. M oy think y, but i only do deal us. Whet. He says he has prarada tit's my outside 99 out of a hundred now we have it veryer. Yer dyou a large, much larger fund, and your iditial. Caess ar, much larger.
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!