“As a seed-stage investor, should you pay up for team or traction?” I posed this question on Twitter in December and got a bunch of different opinions. It’s something I’ve been thinking a lot about recently. Prices in the startup world are relatively high. And as a firm, we generally believe that there isn’t a “sub-prime” market for VC. This means that while it may be possible to find the odd “cheap” deal here and there, the goal is to invest in the best opportunities, which usually come at market prices.
