Porteous: Time diversification is as essential as stage or sector diversification
Will Porteous · 20VC: What Metrics LPs Really Use To Measure Manager Success, Why 10 Year Fund Structures Really Do Not Work & Why Venture Is So Similar To The Movie Business with Will Porteous, General Partner @ RRE Ventures · Jul 31, 2017 · at 12:12
Will Porteous, General Partner and COO at RRE Ventures, explains why venture fund managers must spread capital deployment across multiple years to avoid concentration risk.
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“Diversification by time is, is one of the most important instruments that, that we have as investors. And it's actually crucial that in composing a fund, it's not heavily concentrated in a single time period, just as you don't want it to be concentrated in a single sector or a single stage”
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