Sacks explains that fund size divided by 20 to 25 portfolio companies determines check size and market positioning.
“I think fund size determines fund strategy and the size of your fund because you're gonna divide your fund size by 20 to 25 names to achieve some portfolio diversification and construction.”
Sacks questions whether writing $50 million checks in late venture beats playing the noisy early stage game.
“You know, you're writing $50,000,000 checks. You just kinda wait for the breakouts as opposed to playing in this really noisy super early stage game.”