The 'Softbank Effect', Financial Discipline and the Interworkings of a Top Seed Investment Firm

Joe Medved of Lerer Hippeau joins Nick to discuss The 'Softbank Effect', Financial Discipline and the Interworkings of a Top Seed Investment Firm. In this episode, we cover:

 

• The focus at Lerer Hippeau
• The adoption and integration of the Binary Capital Portfolio
• Why they dropped ventures from the name
• Joe's take on the "Softbank Effect" and the challenges and opportunities created by it.
• how founders should think about raise amount and valuations
• The effect of late-stage capital on early stage investors
  
• The capital strategy mistakes that lead to startup death
  
• Joe's take on early-stage investors taking early exits when they are offered liquidity.
  
• The strategy for their sixth, $150 million fund
  
• How Joe's team approaches sourcing, vetting, diligence
  
• LH's focus on outbound vs. inbound
  
• Joe mentions a key analysis item that is often overlooked by many investors
• Lerer Hippeau's portfolio management process: How often they interact and what activities they engage in.
• The impact of raise amount on outcomes

 

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