VCs Don't Care How Good Your Startup Is [Here's Why]

Once you're managing hundreds of billions of dollars, you start looking at opportunities not in terms of their economic value, but in terms of check size. I was inside of a $700 million venture fund at one point that turned down five terrific projects. So, this is at a very small scale.So, think about it now as a sovereign because [music] we the entrepreneur wanted $4 million and the fund wanted to write a $20 million check and said, you know, I can't do a $4 million check. And they walked away from four te ...