How larger seed rounds change Jason’s assessment of fund size
The article reports Jason’s view that, if a seed round is now $30 million, a $1.75 billion seed fund with reserves is not large; in that context, even $1 billion is beginning to sound small.
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Jason’s read on Bessemer: it’s the same lesson Benchmark learned. Bessemer’s growth team scaled up and won. And if a seed round is now $30 million, a $1.75 billion seed fund with reserves isn’t large. Even $1 billion starts to sound small.
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