“And so for us, like we're not targeting to be that one coin based outcome, that one stripe outcome, like we're saying over time, how do we get LPs to know that we can consistently generate three to five X net returns.”
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 Henri Pierre-Jacques
Opinion
Pierre-Jacques: Calling Yourself a FinTech VC Specialist Is Meaningless
“Like, how can you be a specialist for 30 to 40% of the market? Like, being a FinTech investor doesn't mean anything. Like, there's multiple verticals. There's multiple differences.”
Henri Pierre-JacquesJun 24, 2022▶ 17:25Henri Pierre-Jacques: How I Founded Harlem Capital; Our $134M Fund | 20VC #901 · 20VC with Harry Stebbings
Insight
Institutional LPs prefer consistent 2x fund returns over volatile high peaks
“They don't care if you have one, five X. Right? Like, they'd rather take a two X over 10 funds consistently than a five X, one X, three X, two X, right? They want to know, do you know how to institutionalize and operate and have processes that allow you to bes…”
Henri Pierre-JacquesJun 24, 2022▶ 9:23Henri Pierre-Jacques: How I Founded Harlem Capital; Our $134M Fund | 20VC #901 · 20VC with Harry Stebbings
AssertionPartly supported
Pierre-Jacques: Diversity VC Funds Pre-2020 Focused Exclusively on Gender, Not Race
“You know, six years ago, diversity meant gender equality, right? Before George Floyd in America, all the diversity focused funds were women focused funds. There was no racial lens for, you know, investing.”
Henri Pierre-JacquesJun 24, 2022▶ 16:51Henri Pierre-Jacques: How I Founded Harlem Capital; Our $134M Fund | 20VC #901 · 20VC with Harry Stebbings
AssertionSupported
Pierre-Jacques: 99% of VC Funds Lacked Black Partners in 2017
“I didn't want to work for a firm that didn't have black partners, which was 99% of all VC funds.”
Henri Pierre-JacquesJun 24, 2022▶ 1:26Henri Pierre-Jacques: How I Founded Harlem Capital; Our $134M Fund | 20VC #901 · 20VC with Harry Stebbings
Insight
Pierre-Jacques: Venture entry pricing only matters relative to fund size
“Ultimately, the price only matters based on the fund size, right?”
Henri Pierre-JacquesJun 24, 2022▶ 6:27Henri Pierre-Jacques: How I Founded Harlem Capital; Our $134M Fund | 20VC #901 · 20VC with Harry Stebbings
PredictionOpen · timeframe Jun 2027
Pierre-Jacques aims to build Harlem Capital into a multi-billion global firm
“Like, I'm 30 years old. I want to do this for the rest of my life. I'm trying to build a multi-billion multi-asset class business globally.”
Henri Pierre-JacquesJun 24, 2022▶ 9:42Henri Pierre-Jacques: How I Founded Harlem Capital; Our $134M Fund | 20VC #901 · 20VC with Harry Stebbings
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