Loaded or Lean? What the New Venture Environment Means for Founders
baukunst.substack.com · 929 words · saved by 1 readers
By Matt Thoms, Co-founder & General Partner at Baukunst
By Matt Thoms, Co-founder & General Partner at Baukunst A couple weeks ago, I published an article breaking down recent trends in venture funds from an investor and LP perspective. Here’s the TL;DR: Venture firms are splitting into two categories: Megafunds raising upwards of $1B per fund cycle, and funds like Baukunst that are smaller than $200M per fund. These fund categories are, by necessity, investing in different kinds of companies. Traditional funds can see fund-returning multiples with $1-3B outcomes, while megafunds can only return the fund with outcomes of $5-20B+ in value. To…
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