Jason Shuman(@JasonrShuman):A man owns two homes. One he spent $150M on. Another he spent $5M on. Which one do you think he spends more time with? If both were on fire which would he save first? Which home does he talk about more with his friends? Concentrated Seed funds only have $5M homes.

2026.10.06 18:41

A man owns two homes. One he spent $150M on. Another he spent $5M on. Which one do you think he spends more time with? If both were on fire which would he save first? Which home does he talk about more with his friends? Concentrated Seed funds only have $5M homes.

Harry Stebbings@HarryStebbings

2026.10.05 17:27

Every seed investment is an option bet. “You have to think about the venture portfolio as a bunch of options. Each seed investment is an option bet. You are buying an option to see if it is an outlier, and you want to have enough of those to make sure you have an outlier. When there is true quantitative evidence that it is going to be an outlier, then you position size up.” @venkyganesan How do seed funds play in a world where mega funds are totally price insensitive and “option bets” is the mindset for seed checks @infoarbitrage @chudson @hunterwalk @honam @dunkhippo33 @jasonlk