Mercedes Bent
speaker
417 appearances
1 recordings
1 series
first heard Sep 2025
last heard Sep 2025
Mercedes Bent’s voice in public audio — every appearance, attributed to the second.
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Appearances
But I think increasingly, I don't know, maybe you're seeing this in the market.
I'm not seeing pedigree get you multiple additional rounds of funding.
I'm seeing it get you one round of funding.
We're going to get in at consumer companies.
This is already happening with real sizable metrics at much lower valuations and prices because of this.
And even with founders with less pedigreed backgrounds, normally founders, I should say, are in consumer are the ones that have less pedigreed backgrounds.
it's the B2B founders with pedigreed backgrounds that don't have a lot of traction that are the ones where you kind of, it's like a yin or yang.
It's almost like a, you know, where are you on the line?
If it's a two by two matrix with pedigree versus traction, the less traction you have, the more pedigree you need and vice versa.
And so our investing philosophy does take that into account.
If we're going to be investing behind someone with
nothing in their track record, they normally are bringing some metrics to the conversation.
Pretty abnormal kind of
asymmetric metrics.
And that is then also reflected in the pricing.
And so I tend to end up thinking it's the no, but so it's a portfolio construction, but I tend to end up thinking it's the founders without as much background who had real metrics or at much better prices that create the much better investment opportunity for me.
But I will still have some of the other deals, the gifted TVPI, where I'm hoping they're maybe going to raise the next round off of their pedigree.
What number that shakes out to exactly, we'll have to see.
We have kind of a fun zero that we did.
I would have to go and analyze it by those two to see how many fell into each.
Showing 281–300 of 417 · page 15 of 21
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