I have checked your Investment Volume and Follow-on Chart. My question is whether this recommendation is just for small funds or for any fund. It seems the only way if you have 5M€-15m€ fund and 2 GPs but in case you may raise a higher fund size and taking into account the power law couldn´t / shouldnt the # of investments be larger? for example +20 investments for series A fund. Tks
The recommendations taking into account fund size. We’re assuming larger fund sizes at later stages. This is just a guide and it’s ok if you deviate from it.
At the Series A, the # of investments will be greatly affected by your time. Each partner can only sit on a finite # of boards. With your example above, each partner will have to sit on 10+ boards, which is a lot.