The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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
Hussein Kanji
So it was a $30 million round where we took it off the table at 10. We locked it down, set the price. You put in 10? We put in 10. It was an AI company, a foundational model, didn't necessarily need all the money on compute. So 10 in a foundational model, and 10 is a really large number, but 10 in foundational model land is still a small number.
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