Venture Upward

A field guide for surviving, getting ahead, and succeeding as a venture capitalist.

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And their main takeaways
19 implied HN points 30 Jan 24
  1. Follow-ons in venture capital are for earning money from carry, not for just building a track record.
  2. Increasing investment in subsequent rounds can escalate downside risk without similar upside benefits.
  3. Being strategic about follow-on investments in portfolio companies is crucial to avoid excessive risk and maximize returns.