20VC: Why Large Seed Rounds Increase the Chances of Success | When to Sell in Venture | Why Multi-Stage Firms Do Not Do The Work | Is Europe Totally F****** and Why AI Means London Can Compete with the US with Hussein Kanji

1696.758 - 1714.051 Hussein Kanji

So they wouldn't get recapped. So they defended themselves, but they wrote zero additional check. And the company needed about 2 million to turn itself around. And we were able to put a million. And we assumed if we did the first million, Someone else would come in and do the other million and we'd kind of get it there and ended up raising like 1.3 out of the two, ran out of cash.