3 clips
RRiding Unicorns
Mark Beeston reflects on the challenge of avoiding overhyped blockchain investments during Fund One's deployment. He discusses how blockchain was positioned as a cure-all that would revolutionize operational workflows and eliminate reconciliation, but they resisted investing in these highly-valued companies despite the tempting narrative.
VVenture Unlocked
A VC explains why they're avoiding even the most hyped AI startup deals, including those from OpenAI and Anthropic alumni raising $15-20M or smaller $8-10M rounds at $40-50M post-money valuations. The speaker questions whether seed managers should compete for these overpriced opportunities at all.
A VC argues that seed managers shouldn't compete for oversubscribed rounds at high post-money valuations. They critique how the explosion of both investors and founders has led to lazy evaluation processes that rely on superficial signals rather than substantive founder assessment.