Akkina: Venture fund evaluation requires assessing see, pick, win, and service
Ryan Akkina · Ryan Akkina: How MIT Builds Their Venture Fund Portfolio & How MIT Approach Direct Investing | E1109 · 20VC with Harry Stebbings · Jan 29, 2024 · at 9:08
Ryan Akkina of MITIMCo outlines the four-part evaluation framework MIT uses to assess potential venture capital fund managers.
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“It's see, pick, win, right? We need people who can see the best deals or at least a very large volume of deals, right? Hopefully the best deals are inside that set. Then we want them to be able to pick the best ones to try and invest in. And then finally they need to actually be able to win allocation of those deals, right? Because there's lots of people who have great deal flow and who can pick the right stuff. But the final boss, so to speak, is, okay, can you get that entrepreneur to pick your term sheet over someone else who's really impressive? And then finally, I'd add service. How, how well do these GPs service their founders and ensure that when they're in the next competitive deal that founder they just backed is going to be a positive reference for the next one.”
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