Mark Goldberg

I don't think it helps with customers. I think it helps with funding. You know, when Sequoia does a deal, there's going to be money that follows it. That's great. That's a feature of the brand equity they've built over a long period of time.

I don't think it helps with customers. I think it helps with funding. You know, when Sequoia does a deal, there's going to be money that follows it. That's great. That's a feature of the brand equity they've built over a long period of time.

I don't think it helps with customers. I think it helps with funding. You know, when Sequoia does a deal, there's going to be money that follows it. That's great. That's a feature of the brand equity they've built over a long period of time.

I think we tapped a rich vein in the LP community that there was some frustration, especially at this point in the cycle, that some of the venture funds that they had invested in 10 years ago, 20 years ago, they felt like had become asset managers.

I think we tapped a rich vein in the LP community that there was some frustration, especially at this point in the cycle, that some of the venture funds that they had invested in 10 years ago, 20 years ago, they felt like had become asset managers.

I think we tapped a rich vein in the LP community that there was some frustration, especially at this point in the cycle, that some of the venture funds that they had invested in 10 years ago, 20 years ago, they felt like had become asset managers.

And the idea of being able to invest in a pure play venture fund that had experience, but also a lot of hustle was something that we think resonated in the market. So I think we were fortunate that we kind of hit a market moment in the fundraise that aligned with a lot of the zeitgeist in that community. When did you start the raise? Like what type of time of year? We raised this summer.

And the idea of being able to invest in a pure play venture fund that had experience, but also a lot of hustle was something that we think resonated in the market. So I think we were fortunate that we kind of hit a market moment in the fundraise that aligned with a lot of the zeitgeist in that community. When did you start the raise? Like what type of time of year? We raised this summer.

And the idea of being able to invest in a pure play venture fund that had experience, but also a lot of hustle was something that we think resonated in the market. So I think we were fortunate that we kind of hit a market moment in the fundraise that aligned with a lot of the zeitgeist in that community. When did you start the raise? Like what type of time of year? We raised this summer.

So we went out from kind of June to August was our fundraise.

So we went out from kind of June to August was our fundraise.

So we went out from kind of June to August was our fundraise.

We were very fortunate. I think again, we were, you know, tapping into some real excitement about a team that I don't think there's a team of experienced GPs that's come together with three folks in quite some time. And I think that was something novel.

We were very fortunate. I think again, we were, you know, tapping into some real excitement about a team that I don't think there's a team of experienced GPs that's come together with three folks in quite some time. And I think that was something novel.

We were very fortunate. I think again, we were, you know, tapping into some real excitement about a team that I don't think there's a team of experienced GPs that's come together with three folks in quite some time. And I think that was something novel.

And again, at a time where the macro backdrop was a little bit of frustration with how big some of the multistage funds, the legacy institutions have become. And this sense that the returns you saw 10, 15 years ago from small teams and focused partnerships may not be the same going forward.

And again, at a time where the macro backdrop was a little bit of frustration with how big some of the multistage funds, the legacy institutions have become. And this sense that the returns you saw 10, 15 years ago from small teams and focused partnerships may not be the same going forward.

And again, at a time where the macro backdrop was a little bit of frustration with how big some of the multistage funds, the legacy institutions have become. And this sense that the returns you saw 10, 15 years ago from small teams and focused partnerships may not be the same going forward.

We wanted to keep enough diversity in the fund where we didn't get anybody, you know, kind of much over 10%. That was kind of where we adhered to. So we wanted about 20 LPs and that's pretty close to where we landed.

We wanted to keep enough diversity in the fund where we didn't get anybody, you know, kind of much over 10%. That was kind of where we adhered to. So we wanted about 20 LPs and that's pretty close to where we landed.