Zaki: Private equity firms like Blackstone may enter VC by acquiring startups outright
Kareem Zaki · 20VC: Thrive Capital's Kareem Zaki on The One Rule That Drives Investment Decision-Making and Focus at Thrive, Why Every Large Institution Will Enter Venture Capital Over the Next Decade and How To Create a Firm Culture That Attracts The Best Young Talent · Nov 15, 2021 · at 13:24
Kareem Zaki is a General Partner at Thrive Capital. He is discussing how non-traditional asset managers might expand into venture capital over the coming decade.
0:00 / 0:03exact quote · 3.1s
720p mp4 · rendered on demand · StarZero watermark
“Maybe the Blackstone start to come to this world and they just offer to buy these companies outright.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Kareem Zaki
Zaki: Historical venture capital success was largely passive
“There's just been a ton of passive success in the industry. So many funds enjoyed success because they happen to live in the epicenter of the greatest boom of entrepreneurial success the world has ever seen.”
Zaki: Every major asset manager will compete in venture capital
“And so every asset manager is going to come compete in space. Because it's not about they like tech or they think tech's interesting. It's just a good business now to be investing behind.”
Kareem Zaki: The era of passive venture capital success is ending
“If you don't compete, I think this era of passive success because you're at the right place at the right time is starting to shift away.”
Zaki: Poaching talent creates an uncontrollable market dependency for VC firms
“You make all these assumptions that the team's most important, but you actually outsource to other people to develop people, and you try to poach them later or get them later in their career. You've just created a dependency on the market that you don't contro…”