20VC: Why You Don’t Have To Have Operational Experience To Be A Good VC, Why There Is No Optimal Stage To Invest & Why VCs Should Focus on Reputation Ahead of Cash On Cash Returns with Lyon Wong, General Partner @ Spectrum 28
1.) How did Lyon come to be GP of Spectrum 28 with their recent $170m fund?
2.) Why does Lyon believe that you do not have to have operational experience to be a good investor? What are the core components to beeing a good investor and value add investor?
3.) Why does Lyon believe that there is no optimal stage to invest? How does he evaluate the efficiency curve and positioning on it? How does this affect his thesis?
4.) Why does Lyon believe that funds must focus on reputation instead of cash on cash? What is the most effective and scalable way to build a reputation in today’s venture ecosystem?
5.) How does Lyon evaluate team building at Spectrum 28? What did he look for in potential partners? How does he look to implement generational transition into the fund?
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