20VC: Why Fund Returners Are Not Enough Anymore | Why Sequoia Had the Best Strategy at the Worst Time | What it Takes to Be Good at Series A and B Today | Benchmark Leads Manus Round: Should US Funds Invest in Chinese AI
Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
1x is not good enough for me anymore at this point in life. It's not worth it. I want 3x the fund. The problem with Series B is if you get it wrong, you end up effectively paying Series B prices for Series A risk. And it's exactly correct now at the A.
You're paying Series A prices for seed risk. But the whole point of having to be good at this job is being able to figure out which is which. This is 20 VC with me, Harry Stebbings. Now I am so excited for this discussion today. I actually cried laughing while recording it.
It's back with Jason Lemkin and Rory O'Driscoll. This is the weekly show where we unpack the biggest tech news, financing, M<unk>As, and we have Fabrice Grinda, one of the best early stage venture investors, joining us in the hot seat today where we, as I said, go through all the biggest news. This was so much fun. I want your feedback. Let me know on Twitter at Harry Stebbings.
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