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How the Seed-Stage VC Trend Began, The Downsides of Unicorns & Much More

Both Sides of the Table

Let me take you back just 10 years ago to 2005 in Silicon Valley where I returned after 11 years of living in Europe. At the time almost nobody had heard of the following funds: FirstRound Capital, TrueVentures, Floodgate and SoftTech. I was out to raise my first seed money in my second startup of $500,000.

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It’s Morning in Venture Capital

Both Sides of the Table

There are obvious reasons the industry has had less-than-desirable returns, including: massive over-funding of the sector, huge increases in inexperienced venture capitalists that took a decade to peter out, and the massive correction in the value of the public stock markets that closed many exit opportunities for half a decade.