«They make decisions quickly, there's not lots of bureaucracy going back to corporate, they do follow - on financing the same way that a
typical venture firm would, so it doesn't feel like you're
dealing with a corporate VC, which from our perspective is great,» he said.
So, you have a lot of small
venture funds taking
typical vc equity stakes in the 1st round; but no pockets or consortia network to see the
deal through to success on a 5 year plus horizon.