This Week in Startups How Big Funds Change the Startup Ecosystem (VC Sunday School) + Climate: Include Ventures' Taj Ahmad Eldridge | E1407
Mar 13, 2022
Taj Ahmad Eldridge, Co-founder and GP of Include Ventures, is passionate about climate tech and empowering diverse founders. He shares how his health challenges from pollution inspired his investing journey. The conversation dives into Include Ventures' strategy of funding both directly and through smaller funds. Taj discusses his confidence in hardware investments, highlighting their substantial returns. They also explore how government support can further advance climate tech, merging sustainability with social justice.
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Fund Size and Strategy
- Ideal fund size depends on the investment stage and target return.
- Larger funds aren't inherently better and can distort valuations.
Milestone-Based Funding
- Milestone-based funding involves proving value at each stage, justifying fund size.
- Early-stage companies benefit from smaller, focused investments, while later-stage companies may require larger rounds.
Venture Fund Growth
- Increased LP interest and strong market performance led to more venture funds.
- Existing firms expanded with growth and seed funds, sometimes overlapping strategies.
