A venture capital "regatta", where most of the race happens before the Series A, is replacing the VC factory model.

Drawn from what Sam Lessin said

What this subject means

venture capital Raising money and what it does to the product: the funnel that forces hard choices, and what happens without it.

What Sam Lessin actually said

Do you hold this korrent?Do you also believe this?

Shared subject first, then similar wording. They may agree or disagree.