Any concerns joining a new and small VC firm vs an established one?

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>70% of VCs fail to raise a second fund, because the median VC return is like 5% whereas the mean is 13%.

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First time fund? Then evaluate accordingly the founder(s) track record - if they have none in the space before, you're taking a high risk high reward sort of choice.

Past performance doesn't always inform the future....but just like consulting, dealflow relies heavily on who and what you know. Having the capital helps, but if nobody invites you to the party then you can't deploy thay capital (well).

Some funds have a revenue earning advisory arm which can help reduce the risk of joining.

Debating this as one on my end. Received an offer from a new small VC, and pay bump is only moderate from current role. Not sure what to do

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