LP Uncovered · Courtney McCrea, Recast Capital
Lock In Your Tiger By The Tail
“If you've got a tiger by the tail and you are a seed stage investor and now this company is a fund returning type position for you, lock that in.”
Transcript
and got liquidity. One of the things we tell our managers is, if you've got a tiger by the tail and you are a seed stage investor and now this company is a fun returning type position for you. Lock that in, you know, because you know better than the new investors, whether
or not you can get a triple from that valuation and whether or not this management team is capable of tripling this business, you know, from that valuation. And if you say, yeah, I do believe in them and they can triple it, then my argument is get your invested capital off the table, you know, play with house
money.