Should investors be stage-agnostic?
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Some experts suggest that investors should indeed be stage-agnostic to maximize their opportunities and adaptability.
For instance, notes that being open to investing at any stage allows him to capitalize on opportunities with significant growth potential, regardless of the company's current phase 1. Similarly, emphasizes the importance of aligning investment timing with market opportunities, which might necessitate stage flexibility to leverage emerging market trends effectively 2.
from Bessemer also supports a stage-agnostic approach, highlighting their success with such a strategy, particularly in thematic investments like machine learning and software infrastructure where they support companies from early stages to exit 3.
However, some caution that this approach may not always be in the best interest of founders. argues that multi-stage funds might be seeking early-stage investments mostly for optionality, rather than genuine interest 4.
In summary, while being stage-agnostic can provide significant flexibility and opportunities, it might also lead to potential pitfalls if not aligned with the genuine interest and support for early-stage startups.
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