Summit Peak Investments

“We are in the business of backing GPs, and the pace of their deployment should not be something I should be giving them advice on.”

“We committed the entire fund before we had even lined up An anchor investor. So we had nearly eighty million of company investments as well as fund investments by summer of 2018, right when we launched, and the reason for that was all of the GPs we wanted in t…”

“When it comes to running a business, we generally are not sensitive to the management fee. I mean, so you're right on that. We're not sensitive to it because we understand that whether you're a new fifty million GP or a new twenty-five million, the management …”

“We allocate 60% of our capital to early stage GPs, and these are people that we've now been backing since 2012, and they are now on their second, third, fourth, or fifth vintage, you know, of their own life cycle. So 60% of the portfolio is for that. 10% is re…”

“Every ounce of our net worth is invested into our fund one, And then whatever's remaining into our fun too.”

“We think 12 to 15 GPs is sort of the optimal number of GPs or funds to back, as well as Anywhere from 20 to 30 underlying direct or co-investment, so direct investments into companies or co-investments.”

“Look, I would be bullshitting you to say that it's not important to us. Those brand names do matter, whether that's Benchmark Capital, Andreessen Horowitz, Sequoia Capital. They are great funds, and they're great investors at various stages, and you want to se…”

“In any new fund, we are doing anywhere between 30 to 50 reference calls with portfolio company founders.”

“So in our own fund, we know that some managers are going to come back every year with a new fund, or every -- And so instead of a normal sized allocation, you cut it in half so that we can have the capital to go back fund after fund after fund.”

“When you look at our fund one and our fund two, a hundred percent, or nearly a hundred percent of our capital came from people we've known for the past decade.”