20VC: Index's Shardul Shah on Why Market Size is a Trap | Biggest Lessons on Pricing from Leading Rounds in Wiz & Datadog | Why Benchmarks & Averages in VC are BS | How Index Makes Decisions and Why Growth & Early are the Same Investing Style

2377.385 - 2403.896 Shardul Shah

It could be finding a path to liquidity for themselves. In that path, they may not be clear-eyed on a capital allocation strategy. One of the key things a board should do is help inform the level and direction of capital investment. And if you're seeking near-term liquidity, you might be much more conservative in how much capital is being allocated. That's an example of misalignment. M&A.