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This VC explains why she’s sticking to small checks even as $100 million rounds become the norm in Silicon Valley

In a world where startups see a growing number of zeros at the ends of checks — and, thus, at the end of their private-market valuations, Shruti Gandhi’s approach to venture capital may seem downright miserly. Gandhi, who launched her fund Array Ventures in 2015, prefers to write checks to early-stage startups in the $500,000 to $1 million range. In many cases, the companies she invests in don’t even have a developed product. “We call it the agitated workforce,” Gandhi said of her ideal founder. “They’re working at a company and they have very strong expertise but they’re agitated that the tools they are using that are not making them efficient.” When they can’t find a better tool, they decide to build it themselves, Gandhi said, and that’s where she steps in. This VC explains why she’s sticking to small checks even as $100 million rounds become the norm in Silicon Valley

thumbnail courtesy of businessinsider.com

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