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by coleslawfail
4659 days ago
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His investment thesis is high-growth startups. Funny enough, that's YC too. What you are leaving out is his thesis assumes overwhelming control. That thesis is not in a founder's best interests. It's far better to raise less. Nice dodge though turning hundreds of startups into tens based on no evidence. And in fact, when you look at his non-cleantech portfolio you can see that almost every YC startup would have a place there, especially the biggies and especially when they just need growth equity now. The problem is Vinod saw the insane terms he could get in cleantech, while pushing founders aside, and so he anchors to those terms for everyone, including other VCs. The proof is in his lack of big wins, not even from his Kleiner days. |
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