YC Series A Program Investor Access(blog.ycombinator.com) |
YC Series A Program Investor Access(blog.ycombinator.com) |
a) the average A last year was $8m and b) the lead is expected to write a check for the majority of the round.
I think that seed rounds are generally a better fit for the types of funds you mentioned. It's possible that these funds will develop over time to be able to lead As. I look forward to that happening and having them participate in YCA.
I would guess ~$2m, but you gave the impression that it would be more about $5m.
Is that true?
In the sample numbers given in the form [https://docs.google.com/forms/d/e/1FAIpQLSeT0G1nuYWUn71cV36o...], the lead doesn't have the majority:
Yappy, Total: $20M, Our check: $8M, Yes
I imagine each VC fund has a multitude of LPs and they each manage cash based on their own strategies. The key is that they have enough liquid assets to meet the obligations in a timely manner.
Obviously, each fund is set up separately and might have a different structure.