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@danprimack | |||||
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Josh Kopelman of First Round Capital: we can look at every company we’ve ever funded, and learned that the time from first email/contact to term sheet has shrunk from 90 days in 2004 to just 9 today.
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Josh Kopelman
@joshk
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30. sij |
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Here was the early trend line — from my post in 2011
redeye.firstround.com/2011/11/funfac…
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Bryan Roberts
@BRobertsVC
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30. sij |
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I think mine has gone strongly the other direction.
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Carl Hasselskog
@CarlHasselskog
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29. sij |
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There are only four ways to get alpha.
1. Be smarter.
2. Be faster.
3. Have better data.
4. Have better deal flow.
How has the other three changed in the same time period?
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Scott Howard
@howardscottj
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29. sij |
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First Round is a blue chip firm. They have realized returns, a big portfolio, likely awesome mark to market which attracts the best deals (4) gives them the data to pattern match (3) which creates (1) + by product of 4+3. 2 is just mindset/culture application of the hard ones;)
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Dan Kahan
@dankahan
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29. sij |
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amazing that they still take nine whole days.
in my day, we signed the term sheets before the introduction was even made.
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Ben Siscovick
@bsiscovick
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29. sij |
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If I were an allocator of LP capital this would easily rank as one of the scariest statistics out there and would make me think twice about allocating to the asset class.
There is simply no way this is healthy for sound investment decisioning.
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Amit Mukherjee
@AmitMukherjee
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30. sij |
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My fastest time was 12 hours.
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buggeroaf
@buggeroaf
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30. sij |
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Come ON guys Dominos is 30 mins.
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