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Open original source ↗no, actually you can treat seed investments you lead as full bets, and work on them with committed belief for years
founders do that, every time
structure determines strategy
Quoted context
These are the quoted author’s words.
Every seed investment is an option bet. “You have to think about the venture portfolio as a bunch of options. Each seed investment is an option bet. You are buying an option to see if it is an outlier, and you want to have enough of those to make sure you have an outlier. When there is true quantitative evidence that it is going to be an outlier, then you position size up.” @venkyganesan How do seed funds play in a world where mega funds are totally price insensitive and “option bets” is the mindset for seed checks @infoarbitrage @chudson @hunterwalk @honam @dunkhippo33 @jasonlk
HarryStebbings ↗