39sec snip

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EP 58: Annie Lamont (Co-founder, Oak HC/FT) - The State of the Market and Being a VC in the 90s

The Logan Bartlett Show

NOTE

The Importance of Being in the Leader in the Space

Based on returns, it's good that people have stopped asking so many questions. It's interesting that timing matters. Being early is better than being late, but being right is better than being wrong. It's preferable to invest at a $50 million valuation rather than $500 million. However, being the leader in the industry has its advantages beyond just getting a cheaper deal. This goes against the norm in non-venture asset classes.

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