The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: The Truth About Multi-Stage Firms; Why Portfolio Services are for VCs not Founders | Why Politics is Rife & Decision-Making is Broken in Large VCs | Why Reserves are Bad for Founders & How Boutique Firms Will Win with Mark Goldberg @ Chemistry
190 snips
Oct 25, 2024 Mark Goldberg, Managing Partner at Chemistry and former partner at Index Ventures, dives into the intricate world of multi-stage venture capital. He reveals how portfolio services often prioritize VC interests over founders, discussing the pitfalls of large partnerships and decision-making breakdowns. Goldberg forecasts a shift from commoditized to boutique VC firms, reflects on the highs and lows of unicorn investments, and emphasizes the importance of genuine investor-founder relationships in shaping the future of venture.
AI Snips
Chapters
Transcript
Episode notes
Portfolio Services
- Portfolio service teams primarily benefit VCs, not founders, by making unscalable tasks seem scalable.
- This disintermediation breaks the direct founder-VC relationship, hindering value creation.
Fund Size and Founder Focus
- Smaller, focused funds allow experienced investors to dedicate more time to new deals.
- At larger firms, the most experienced VCs often have the least time for new opportunities.
Founder Needs
- While later-stage founders prioritize price and non-interference, early-stage founders value deep relationships with investors.
- Founders in the early stages need support during challenging times and high-stakes decisions.