Mark Goldberg

I think one of the dirty secrets of multistage investing is that portfolio services teams are not for founders. They're for the VCs. They are a way to make something unscalable scale. So we have a very light reserve model. Peanut buttering all of your reserves in every pro rata round that gets done is not a good thing for the founder.

I think one of the dirty secrets of multistage investing is that portfolio services teams are not for founders. They're for the VCs. They are a way to make something unscalable scale. So we have a very light reserve model. Peanut buttering all of your reserves in every pro rata round that gets done is not a good thing for the founder.

I think one of the dirty secrets of multistage investing is that portfolio services teams are not for founders. They're for the VCs. They are a way to make something unscalable scale. So we have a very light reserve model. Peanut buttering all of your reserves in every pro rata round that gets done is not a good thing for the founder.

The biggest mistake is when you try to make consensus decisions at the early stage, I think you end up with consensus funds.

The biggest mistake is when you try to make consensus decisions at the early stage, I think you end up with consensus funds.

The biggest mistake is when you try to make consensus decisions at the early stage, I think you end up with consensus funds.

Harry, it's a total pleasure. And it has been so fun to watch you launch your new fund. I think I read online that it was a 10-year overnight success. And I think that's what most resonated with me. You've been doing such a good job crushing it. And I'm thrilled for you. So it's fun to be doing new funds at the same time.

Harry, it's a total pleasure. And it has been so fun to watch you launch your new fund. I think I read online that it was a 10-year overnight success. And I think that's what most resonated with me. You've been doing such a good job crushing it. And I'm thrilled for you. So it's fun to be doing new funds at the same time.

Harry, it's a total pleasure. And it has been so fun to watch you launch your new fund. I think I read online that it was a 10-year overnight success. And I think that's what most resonated with me. You've been doing such a good job crushing it. And I'm thrilled for you. So it's fun to be doing new funds at the same time.

The world doesn't need another venture fund. It needs a new venture fund. There are too many VCs right now, but we wanted to do something different. What Christina, Ethan and I started talking about was if you were going to design a fund where you fully align the values of the investors with the founders, what would it look like?

The world doesn't need another venture fund. It needs a new venture fund. There are too many VCs right now, but we wanted to do something different. What Christina, Ethan and I started talking about was if you were going to design a fund where you fully align the values of the investors with the founders, what would it look like?

The world doesn't need another venture fund. It needs a new venture fund. There are too many VCs right now, but we wanted to do something different. What Christina, Ethan and I started talking about was if you were going to design a fund where you fully align the values of the investors with the founders, what would it look like?

That was kind of the question that was the jumping point to getting started here. And what we thought about is, first off, it would be smaller. It would be focused. It would be a combination of experienced investors from some of the biggest multisage platforms coming together, Avenger style, and seeing if you could do something different.

That was kind of the question that was the jumping point to getting started here. And what we thought about is, first off, it would be smaller. It would be focused. It would be a combination of experienced investors from some of the biggest multisage platforms coming together, Avenger style, and seeing if you could do something different.

That was kind of the question that was the jumping point to getting started here. And what we thought about is, first off, it would be smaller. It would be focused. It would be a combination of experienced investors from some of the biggest multisage platforms coming together, Avenger style, and seeing if you could do something different.

And you just talked about what it feels like to be an owner. I wanted that. Christina and Ethan wanted that. And we felt like the combination of experience and hustle was something that would be the blueprint for a new fund. So that was the origin of how we started talking about this.

And you just talked about what it feels like to be an owner. I wanted that. Christina and Ethan wanted that. And we felt like the combination of experience and hustle was something that would be the blueprint for a new fund. So that was the origin of how we started talking about this.

And you just talked about what it feels like to be an owner. I wanted that. Christina and Ethan wanted that. And we felt like the combination of experience and hustle was something that would be the blueprint for a new fund. So that was the origin of how we started talking about this.

I don't necessarily think the fund size does. I think it's the purview of the responsibilities of the fund. So for us, having a stage focus, I think is very important. I've seen, I think, what the growth of different products and the size of a portfolio does to the focus of an investor.

I don't necessarily think the fund size does. I think it's the purview of the responsibilities of the fund. So for us, having a stage focus, I think is very important. I've seen, I think, what the growth of different products and the size of a portfolio does to the focus of an investor.