🚨 Lead Edge is increasingly steering its 700+ investors away from VC deals Mitchell Green, founder and manager of Lead Edge Capital, has successfully attracted over $5 billion from more than 700 investors by shifting his strategy towards "control deals"—investments in companies that venture capitalists often overlook. His firm has seen success with investments in notable companies like Alibaba and ByteDance, while also focusing on businesses outside traditional tech hubs, such as a cardiac-monitoring software firm in Florida. Green emphasizes a disciplined approach to sourcing investments, with his team of analysts evaluating around 10,000 companies annually based on specific criteria. He maintains that Lead Edge does not prioritize ownership percentages; instead, their goal is to drive revenue growth regardless of whether they hold a minority or majority stake in a business. Despite the challenges in the current venture market, characterized by excessive capital chasing overvalued companies, Green has avoided high-risk, first-generation AI startups, predicting that many will fail due to unsustainable costs. He critiques the venture ecosystem for fostering inflated valuations and emphasizes the need for a return to more grounded investment strategies. Looking ahead, Green believes in the potential of companies like ByteDance, even under uncertain political conditions regarding TikTok in the U.S. He remains cautious about the broader venture landscape, noting the competitive advantages of established firms and the saturation of capital in the market. 💬 Source 📌 Powered by V3V Ventures