FAQ
What you always wanted to know about us but were afraid to ask.
We aim for 8-10% ownership stake with our initial investment, with the median ticket size around $3M. Later stage follow-on tickets can reach $20M or higher.
Yes, if we have enough conviction in you, but leading rounds is an exception. We’re damn good at it, but opting out is a reflection of one of our investment criteria: experienced, proven founders who know how to hit their marks without much hand-holding. Our depth and wealth of experience is always available to you, of course.
Our sweet spot is late Seed stage or Series A. Once we invest in you, we often keep investing in your follow-on rounds as well.
We make about 35 new investments per year, and a similar number of follow-on investments.
Rare is the VC that says this, but no, a board seat would add administrative ballast you don’t need. However, we occasionally join as Board Observers if it adds value to the portfolio company.
That would be our preference, yes. We’re stage agnostic and keep investing in portfolio companies when our conviction in their founders and teams endures.
We invest globally. See our portfolio for details.