The Brutal Math of Getting In
“Most VC firms basically invest in like one half to one percent of what they see... I actually admit 3%... but I'm only investing in 10% of the 3%.”
Transcript
matching as a as a team today? Let me I'll give you like a little bit of context and then I'll give you the actual how I do it. The context is most VC firms basically invest in like one half to one percent of what they see. It's pretty like pretty selective venture in venture capital. See a hundred maybe make one deal or do one deal. Because I
'm not investing in front because we're focused on creating this experience in community, they actually admit 3%. So I can work with three times as many people on a percentage basis as my peers. And because I'm not investing up front, it affords me the ability to, you know,
provide that invitation to our space. However, I'm only investing in 10% of the 3%, right? So 0.3% of those people are actually going to get our capital. And so I can be less selective