TechThe Information1h ago
Lightspeed’s Top Fundraiser Joins Firm
Lightspeed’s Top Fundraiser Joins Firm That Takes Seed Funds’ Pro Rata
TL;DRTop Lightspeed VC fundraiser moves to firm specializing in pro rata rights for seed investors.
Why it matters: Signals growing competition for access to high-growth startups and tension in traditional VC partnership models.
For years, deep-pocketed venture firms have partnered with seed investors to get access to startups’ later rounds if their growth takes off. The bigger firms often invest in the seed funds, with a handshake agreement that they’ll get a heads-up if a hot young startup is about to…
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