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The Changing Structure of the VC Industry

Both Sides of the Table

The rise of “micro VCs” or seed-stage funds. At the other end of the spectrum large funds have gotten even larger in the past few years which has massively increased the amount of consolidation in our industry as 66% of LP money into venture is now concentrated in late-stage or full-cycle VCs. Why is this?

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Announcing K9 Ventures III, L.P. – A $42M technology-focused Pre-Seed fund

K9 Ventures

It was a conscious decision to maintain the fund size at the same level, despite both market pressure (larger rounds at earlier stages) and demand pressure (lots of LP money entering the stage) to raise a larger fund. Fund I, which I often refer to as a demonstration fund, started in 2009 with $6.25M under management.

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The Pre-Seed FAQ

K9 Ventures

And I sincerely hope that this post does a good job of addressing what Pre-Seed really is. Q: Define Pre-Seed? Or What is Pre-Seed? Pre-Seed is the first institutional capital invested in a company. Q: What amount of financing is considered Pre-Seed? Where did the term Pre-Seed come from? By definition, yes.