8 Critical Mistakes in Early-Stage VC Investing: A Partner's 18-Month Retrospective
Jason Lemkin shares eight key mistakes made during his first 18 months as an institutional VC partner, focusing on decision-making in early-stage SaaS investing. The article emphasizes the importance of decisiveness with great founders, maximizing investment amounts, maintaining focus on core competencies, and avoiding unnecessary negotiation friction. These lessons are grounded in his experience managing paper returns and building a portfolio across companies like Talkdesk, Algolia, and Avanoo.
Metrics in this report
20minutes
typical
for conviction-level investment decisions
10 to 1meetings/week
before and after optimization
early-stage VC partner practice
>10%%
per VC investor
early-stage SaaS rounds
8 out of 10ratio
typical
single-handed deals (one VC per round)
75+%
minimum
for non-pure SaaS investments considered in portfolio
rarequalitative
n/a
Series A+ rounds in current market