endowment
also referred to as: endowments
4 statements across 4 episodes · 0 bullish · 1 bearish · 4 people on the record · first statement Dec 6, 2021 by Bill Gurley · across every show →
Everything said about endowment, oldest first
Dec 6, 2021 neutral
Gurley: Institutional LPs and endowments are full on venture capital allocations
“I'll call it tiger chase, and so I've seen some signs that Would suggest they're full, actually, partially because of the returns and partially because of, you know, how far do you want to take the risk on morphing your asset allocation model?”
Dec 18, 2023
Lacaillade: Over-indexing on interconnected endowments creates severe LP run risk
“If you get money from endowment A, endowment B, endowment C, endowment D, that all, like, are very close to each other and talk to each other, and then one of them leaves, Then they might all leave. So having diversity of, like, mindset”
Jan 29, 2024 negative
Akkina: Traditional Endowment Incentives Fail to Reward Risk-Taking
“The traditional endowment or foundation, I think part of the reason they're not good at this stuff is they don't have an incentive to be right, and people, when they don't have an incentive to take risks, they're not going to want to stick their necks out.”
Apr 24, 2025
Lemkin: Venture capital is just a rounding error used to juice endowment returns
“Venture's a rounding error in most of most endowments, right? It's a subset, just like seed is a subset of venture. Venture's a subset of PE. It's not that important. It's just juice, right? It's just a way to juice your returns. P.E. Is where you put, deploy …”