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But we saved everything 🙂.
Brett Calhoun critiques the practice of adhering too closely to valuation guardrails in investment decisions. Calhoun argues that while maintaining discipline is important, sticking rigidly to set valuation rules can cause investors to miss out on generational companies. He advises that investors should be willing to pay a premium when their conviction in an investment is high, reminding limited partners that their role is to make decisive choices rather than follow inflexible rules.
Calhoun has previously cautioned that investors who insist on board seats at the pre-seed stage may lack conviction in founders, according to a recent article. He has also advised early-stage teams to seek funding rounds of $250,000 to $500,000, with a focus on founder commitment, as noted in prior remarks. The comments add to Calhoun’s ongoing discussion of early investment strategy.