General Education · Learning Games
Inside a VC fund: backers, fees and dilution
Building a Business · Venture capital · 4 lessons · 12 questions · 8-min video
Christian Hernandez shows that venture capitalists must deliver returns to investors of their own, which shapes their decisions. He also explains why founders' stakes shrink with each funding round and why angel investing is so risky.
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Sources and credits
From the lecture by Christian Hernandez (Co-founder and Managing Partner at White Star Capital), Building a Business 2014, Saïd Business School, University of Oxford. Every lesson links to its part of the video on YouTube.
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