Vibe Capital Charges Zero Management Fees to Invest 100% of Capital
Ankur Nagpal · 20VC: Breaking News: Ankur Nagpal Raises $70M for Vibe Capital, What The Next Decade For Venture Will Look Like, Do VCs Actually Add Any Value & Pre-Emptive Rounds, When To Take Them and When To Reject Them · Oct 20, 2021 · at 6:24
Ankur Nagpal, Founding Partner at Vibe Capital, details the zero-management-fee structure of his venture fund.
0:00 / 0:04exact quote · 4.2s
720p mp4 · rendered on demand · StarZero watermark
“We also charge zero management fees. So a hundred percent of the capital we raised ended up being invested.”
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 Ankur Nagpal
Emerging Market Startup Deals Require Higher Integrity Screening and Local Diligence
“I do think you sometimes have to screen for integrity a little bit higher and I'm Indian, so I can say that, but like, I do think, you know, like from a diligence perspective and stuff, the one thing I try and do is a little bit of local diligence because ther…”
Nagpal Asserts That the Majority of VC Investors Detract Value From Startups
“I think the majority of investors take away value, not a ton, take away value.”
Founders Should Optimize for Median-Case Outcomes, While VCs Optimize for Best-Case
“I think founders should optimize for the median case outcome, like a case where the company could do relatively well and you can still end up wealthy versus the very, very best case outcome while investors should always optimize the very, very best case outcom…”
Founders Should Accept Preemptive Series A Rounds but Reject Series B
“I think a preemptive A, you do it. A preemptive B, you don't. Because I think at an A, you already have a roughly infinite amount of money. Like, you're pre-product market fit, and you have five million dollars in the bank, that's more than enough. The differe…”
Nagpal Advises Founders to Take Secondary Liquidity When Offered
“But as a founder, I've multiple times given multiple of my companies, the advice, the founders rather advice that Go ahead, take the secondary, because if I was in your position, I would have done that.”
Middle 80% of VC Funds Will Get Squeezed Out by Top Firms
“I think there's, like, this, like, 80% of everything else in the middle, I think, is who I think will compete it against from both sides. Like, if you're not amongst the best firms, or if you're not an operator that thinks like a founder, moves at the speed of…”