A new stage-agnostic $194m fund from 2 Samwers, 1 Siegel

<i>Asked how much time Oliver and Marc Samwer will actually be dedicating to the new fund – given their many other entrepreneurial activities – Siegel says if they would spend even only 20 percent of their time, it would be a lot given their wealth of expertise and connections.</i><p>Yes, IF they would spend 20% of their time. He doesn't say they will, of course, only that IF they do, then it would be a lot. This kind of weasel-wording reminds me of pro-forma projections that basically say, "IF we capture just 1% of the global market for business card printing, THEN..."

This might actually be a counterpoint to the "it is ok to send your deck/etc to investors, since their reputation is worth more to them than cloning you or passing the info to a competitor", since their whole reputation is built on cloning.

I haven't heard of many stage-agnostic firms. Do most firms identify with a certain stage (early, mid, or late) to focus and learn more about a certain phase? Or is early vs. mid vs. late more just indicative of a given firm's risk tolerance?

Wow €150M must buy a heap of photocopiers!