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But we saved everything 🙂.
Harry Stebbings reflects on his approach to managing reserves across four investment funds. He shares that while his initial three funds included reserve allocations, and his third fund committed 15% to a notable Series A investment in Owner, he later recognized the significant opportunity cost tied to these reserve strategies.
His comments highlight the careful balance required when deploying reserves as part of fund management.
Stebbings has previously highlighted significant developments across the tech and venture landscape. He reported that the Jude Law-led Legora campaign generated $50 million in qualified pipeline within 30 days of launch. In another update, he noted that Google outperformed Facebook in earnings, while Anthropic raised $50 billion in funding and was considering an IPO.