The growth fund does not lead rounds. It not price rounds. So what we're aspiring to do is write 15 to 20 million dollar checks on average. And there's sort of safety in numbers of the dollars, cause if i'm writing 15 out of a hundred, they now have all the other capital,. The third, fourth and fifth year of investing are particularly challenging for a venture fund or an invest case. You feel like i'm a shmuk. I started with 300 million, now my portfolio is worth a hundred 50. But you still have to wait for that make or density, fat, fit, fun to come out.
Jason breaks down the 2 metrics he uses to to assess Robinhood's Q2 earnings (1:43) and Amazon entering Department Store retail (16:39). Then, Mark Suster from Upfront Ventures joins (24:07) to discuss venture metrics, community as a moat, why high valuations don't necessarily mean a bubble & more.