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
We took it off the table, and then everyone wanted in, and then we selectively let a few funds in. NordStone came in, Lightspeed came in, et cetera, and the round became 30. 10 million is a big, big bet. Not out of a $200 million fund. This is why you have to be a decent sized fund. If you're a $100 million fund, that's 10% of your fund right there.
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