"Turpentine VC" | Venture Capital and Investing E66: Why Inception Investing Beats Traditional Seed with Ed Sim of Boldstart
51 snips
Nov 26, 2024 
Ed Sim, founder and managing partner of Boldstart Ventures, shares insights on growing his firm from a $1 million to an $800 million portfolio. He discusses the innovative inception investing model, emphasizing early engagement with technical founders and the shifting dynamics of venture capital. Sim highlights the importance of quality over quantity in startup selection and the necessity of strong board relationships. The conversation also touches on the evolving tech landscape, particularly the impact of AI on investment strategies.
AI Snips
Chapters
Transcript
Episode notes
Inception Investing
- Engage with founders pre-incorporation, helping them test ideas and pre-sell hires.
- Lead early rounds with check sizes from $500K to $10M to accelerate growth.
Evolving Fund Strategy
- Starting a fund requires adaptability to founder needs and intentional fund evolution.
- Consider each fund as an experiment, proving different aspects like check size and pro-rata.
Guy Podjarny and Snyk
- Ed Sim funded Guy Podjarny's first startup, then his second (Snyk), and now his third, all at inception stage.
- This long-term relationship demonstrates Boldstart's commitment to founders and its ability to adapt check sizes.