Dear VCs, Just Give Up - by Michael Dempsey - On My Mind
mhdempsey.substack.com · 864 words · saved by 1 readers
It's over.
Dear VCs, I’m writing to inform you that you should just give up. Do not pass go. Do not collect management fees. It is over. The big funds are coming down to seed and they are going to do every deal. A $5B fund is now going to fight you for 10-15% of a two-person company and they will always win. Founders will take the known brand over your boutique that might not exist in ten years, even if the partner on their deal is announcing their next chapter by the Series B. Just give up. Everyone knows the only thing that matters is if you can get into the best companies in the world. As we have…
saved by
related reading
- Playing Different Games - by Everett Randlerandle.substack.com
- Venture Lotto - Altos Venturesaltos.vc
- A student's guide to VClindatong.substack.com
- a16z: The Power Brokers - Not Boring by Packy McCormicknotboring.co
- Loaded or Lean? What the New Venture Environment Means for Foundersbaukunst.substack.com
- Can you Scale a Venture Capital Fund? - by Abhishek Maranabhim.substack.com
- Go Big or Go Broke – The Middle Ground is Gonelinkedin.com
- Stop playing the mark up gamex.com
- Pmarchive · When the VCs say “no”pmarchive.com
- Pmarchive · When the VCs say “no”fictivekin.github.io
- Cargo Culturewheresyoured.at
- Benchmark raises its first-ever growth fund as part of $2B capital haul | TechCrunchtechcrunch.com