Joining a portco based on VC investors
Contemplating an opportunity with a Seed/A/B company. Obviously the individual business and team will dominate as factors to consider, but just wondering if there is any signal to be drawn from the slate of investors. So far it has raised from some of [Sequoia, Benchmark, Index, Kleiner Perkins, a16z, Accel] but also from some of [Tiger Global, Coatue] and the like who aren't terribly discriminating about what they plow money into.
I gather the conventional wisdom is having marquee VCs on your cap table is better than not. Just wondering how meaningful that incremental data point is / how heavily it should be weighed against your evaluation of the business opportunity and team. Fast had a very similar profile and we know what happened there, so I'm wondering as a prospective employee, should I even give any points for a gold plated cap table?
TYIA
Associate 3 in HF - EquityHedge, shame nobody has responded. Maybe one of these topics will help:
More suggestions...
I hope those threads give you a bit more insight.
Sequoia, Benchmark, Index, Kleiner Perkins, a16z, or Accel on a cap table definitely is a good signal, though obviously they all have zeros sometimes. Tiger and Coatue on a cap table feels pretty meaningless these days given that they do a deal almost daily.
Thanks for the insight. Also wondering if having Tiger/Coatue on the cap table might be a negative indicator, in that those specific investors probably bid up valuations to more extreme levels. If the company needs to tap capital again shortly, that incrementally increases the probability of a down round.
What type of role?
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