One of our LPs often tells me, “Your fund size is your strategy.” I was at a dinner with a long-time investor the other night and he noted, “the NYC seed stage ecosystem used to be so much more collaborative — what happened?” I still see NYC as extremely collaborative, but it’s important to recognize that our collaboration from a decade ago was often the product of scarce resources, not solely altruistic collaboration. NYC Seed stage funds were smaller and to close out a seed round often required other parties to be able to pool together enough resources for the founders to be able to reach their next meaningful milestone.
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Your Fund Size is Your Strategy
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One of our LPs often tells me, “Your fund size is your strategy.” I was at a dinner with a long-time investor the other night and he noted, “the NYC seed stage ecosystem used to be so much more collaborative — what happened?” I still see NYC as extremely collaborative, but it’s important to recognize that our collaboration from a decade ago was often the product of scarce resources, not solely altruistic collaboration. NYC Seed stage funds were smaller and to close out a seed round often required other parties to be able to pool together enough resources for the founders to be able to reach their next meaningful milestone.