      SaaStr · 2015-10-06
      · 3893d
    

Why Jason Lemkin Became a VC: Motivations and Realities

Jason Lemkin explains his transition from founder to VC, citing desires for business enjoyment, better execution with superior founders, and wealth creation potential. He emphasizes that VC is fundamentally a 16-17 year money management commitment, with sourcing and closing investments representing only one-third of the actual work required.

4 metrics· Cited 0× in the knowledge base ·Open source ↗

Metrics in this report

Expected Return Multiple

10x

minimum

first cohort of VC investments after 24 months

Investment Operations Composition

33%

approximately

sourcing, leading, and closing investments as portion of total VC work

Total VC Commitment Duration

16-17years

range

managing 3 staggered venture capital funds

VC Fund Life Duration

10years

standard

single venture capital fund lifecycle