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Lyndall Eakman

Founder & Managing Director, Eden Road Capital · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorfounderexecutive@LDEakman ↗LinkedIn ↗foundry.vc ↗

Lindel Eakman led the private equity and venture investment program at UTIMCO for 13 years, backing prominent early venture funds. He subsequently joined Foundry Group in 2015 to lead their Foundry Group Next fund-of-funds initiative before founding Eden Road Capital.

15statements → 4claims → 1claims resolved → 3.8/5average certainty → 2.47/5average debate potential → 4.3/5argument clarity · the sources → 1said about them ↓

1 supported 0 partly supported 0 contradicted 3 not checkable as stated how the 4 claims stand · each chip opens the sources

1 prediction · 3 assertions · 4 opinions · 4 insights · 3 disclosures · every statement was checked. The prediction and assertions are the 4 claims: statements the public record can support or contradict. 1 is resolved, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Lyndall argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Prediction Held up
Eakman: Foundry Group Will Not Attempt Generational Succession
“Foundries on the record is saying that, you know, we're not going to transfer this through a generational transition.”
Lyndall Eakman Oct 12, 2016 ▶ 10:14 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group

Argument clarity: do they answer the question? how? →

4.3 / 5 directness 4.7 · coherence 4.3 · precision 4.2 · compression 3.7

answered every one of 12 assessed questions directly

This is a score against a rubric. It is not a rank. Every host question → answer exchange is scored with names hidden on directness, coherence, precision and compression, 1–5 each, on meaning alone: disfluencies are ignored, and only raw unedited episodes count. This is the score that measures thought. Every scored exchange, scores shown → · The rubric and its checks →

How they sound: speaking style how? →

225 words/min while actually speaking · 16.3 um and uh per 1k words

Measured by listening to the audio itself: 2,828 words across 1 episode of raw-level tape, transcribed verbatim with every um and uh kept, each one attributed only where the alignment onto our timed stream is unambiguous. These are measurements of speaking style. We do not rank them: across this corpus, fluency and argument quality are nearly uncorrelated (ρ≈0.2), and smooth talking does not signal clear thinking. How it's measured →

How the interview went all their pushback → series average →

Across 1 rated episode:

host pushback ▾ 1/10
pushed back at the host ▾ 2/10
setup questions received 48%

Everything Lyndall Eakman said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Eakman: Male posturing inside VC firms undermines good decision-making
“There's often a bunch of male posturing nonsense in these venture capital firms. If you can get rid of all that noise, you end up with a way better chance of making good decisions.”
Lyndall Eakman Oct 12, 2016 ▶ 9:51 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Opinion
Eakman: Institutional LPs Do Not Make Great Direct Investors
“Traditional institutional LPs, I don't think they make great direct investors. And in general, they aren't able to attract the most talented direct investors to their platform.”
Lyndall Eakman Oct 12, 2016 ▶ 12:02 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Prediction Held up
Eakman: Foundry Group Will Not Attempt Generational Succession
“Foundries on the record is saying that, you know, we're not going to transfer this through a generational transition.”
Lyndall Eakman Oct 12, 2016 ▶ 10:14 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Assertion Not checkable as stated
Eakman: Institutional LP Turnover and Vacillation Elevate Fund-of-Funds Prominence
“I will say a challenge for venture writ large and a challenge for LPs is that institutional LPs are changing. They're all struggling with staff turnover. Many have vacillated in their commitment to venture. Because of that, I think you've seen venture funder f…”
Lyndall Eakman Oct 12, 2016 ▶ 14:26 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Opinion
Eakman: Separate Follow-On Funds Do Not Create Negative Market Signals
“And I, we just haven't seen it, but I don't think a separate fund has changed any market perceptions.”
Lyndall Eakman Oct 12, 2016 ▶ 6:49 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Disclosure
UTIMCO Secured a 20% LP Position in Union Square Ventures' Early Fund
“I think we had the opportunity to get 20% ownership, and that's what we wanted, just like all the VCs do in companies. At UTEMCO, and frankly, today, we like being an important part of the capital base.”
Lyndall Eakman Oct 12, 2016 ▶ 9:09 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Insight
Emerging GPs Frequently Fail on Portfolio Strategy and Risk Management
“I think many GPs miss on portfolio strategy. That's probably the place that when we ask questions, GPs just flail about, especially newer or emerging GPs. And they're unaware of the risk characteristics that are different, you know, in a total portfolio versus…”
Lyndall Eakman Oct 12, 2016 ▶ 12:43 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Opinion
Eakman: North American institutional LPs fail to properly incentivize investment staff
“I don't think that I'll say writ large North American institutions do a great job of incentivizing their staffs.”
Lyndall Eakman Oct 12, 2016 ▶ 16:25 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Insight
Eakman Advises Founders and VCs to Push Hard for Exits
“Absolutely. Get out if you're even close to the door.”
Lyndall Eakman Oct 12, 2016 ▶ 18:21 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Insight
GPs Hypocritically Pitch LPs With Massive Decks Despite Advising Founders Otherwise
“When GPs come in, I think the mistake they make generally is putting too much in a pitch deck and not limiting and not taking their own advice. They'll tell a company to have a pitch deck with 10 slides in it, And yet they'll show up with a 45 page deck and ex…”
Lyndall Eakman Oct 12, 2016 ▶ 19:34 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Assertion Not checkable as stated
Eakman: UTIMCO Struggled to Attract and Retain Top Investment Talent
“It was always a challenge at UTEMCO to get the very best talent and keep them.”
Lyndall Eakman Oct 12, 2016 ▶ 12:13 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Opinion
Eakman: Engaged LP Model Mirrors Traditional VC Support for Emerging Managers
“Our engaged LP role really, to me, is no different than that of the traditional VC. I think of these newer emerging managers as a small company that maybe we could help in their progress.”
Lyndall Eakman Oct 12, 2016 ▶ 15:33 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Disclosure
Foundry Group Announces New Investment in Resolute Ventures
“I don't think we've announced this yet, but I'm happy to. We are investing with Resolute Ventures.”
Lyndall Eakman Oct 12, 2016 ▶ 20:29 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Assertion Not checkable as stated
Eakman: Highest Investment Returns at UTIMCO Were in Venture Capital
“And yeah, it helped that my best returns were in venture too.”
Lyndall Eakman Oct 12, 2016 ▶ 5:15 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Disclosure
Foundry Next Allocates 25% to Fund Managers and 75% to Direct Investments
“In our case, we're putting 25% of the fund into the manager side of that. We are excited about that piece, and then 75% in directs”
Lyndall Eakman Oct 12, 2016 ▶ 5:52 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group

The other half of the tape: Lyndall Eakman's own voice is left out of every number here. 1 statement on the record names them. every mention, with the transcript →

Statements about Lyndall Eakman, by other people (1)

Assertion Supported
Eakman Managed UTIMCO's $35 Billion Endowment Pool
“Having successfully managed the private investment program for the combined 35 A billion pool of capital managed by the University of Texas Investment Management Company, otherwise known as UTIMCO. There, he was responsible for overseeing a portfolio of privat…”
Harry Stebbings Oct 12, 2016 ▶ 0:00 20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group

Appearances (1)

EpisodeDateSpeaking time
20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of F Oct 12, 2016 13m
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