Disclosure certainty 5/5 debate potential 2/5

Mohnot: Better Tomorrow Ventures caps individual LP concentration at 10%

Sheel Mohnot · Sheel Mohnot: How I Got Married in the Metaverse; Founder vs Product vs Market | E1035 · 20VC with Harry Stebbings · Jul 17, 2023 · at 35:48

Sheel Mohnot, General Partner at Better Tomorrow Ventures, explains how BTV manages LP concentration risk across its funds.

0:00 / 0:15exact quote · 15.3s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“So we, all of our LPs are 10% or less of our fund, and it makes us feel good now in a market where if any one LP doesn't come into our next fund because, you know, circumstances changed, it doesn't, it's fine for us.”

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 Sheel Mohnot

Disclosure
Mohnot: VCs who opposed Saudi money are now hypocritically seeking it
“We haven't, but I think it is very hypocritical that all these folks who were anti-Saudi money are now over there just praising everything.”
Sheel Mohnot Jul 17, 2023 ▶ 5:59 Sheel Mohnot: How I Got Married in the Metaverse; Founder vs Product vs Market | E1035 · 20VC with Harry Stebbings
Opinion
Mohnot: Large VC funds prioritize management fees over investment returns
“And I think a lot of the large funds have gotten so large that they're really more management fee focused than they are returns focused.”
Sheel Mohnot Jul 17, 2023 ▶ 6:38 Sheel Mohnot: How I Got Married in the Metaverse; Founder vs Product vs Market | E1035 · 20VC with Harry Stebbings
Insight
Mohnot: Multi-stage funds lose winners by writing small competitor checks
“My portfolio company that is working is raising a series A or series B. They don't want to talk to that investor because that investor invested a million dollars in their competitor. That competitor is almost dead anyway, but they're like, fuck them. I'm not g…”
Sheel Mohnot Jul 17, 2023 ▶ 54:02 Sheel Mohnot: How I Got Married in the Metaverse; Founder vs Product vs Market | E1035 · 20VC with Harry Stebbings
Opinion
Mohnot: Active founders leading venture deals through side funds is crazy
“I think there are founders who have funds on the side who like lead deals. And that is crazy to me.”
Sheel Mohnot Jul 17, 2023 ▶ 1:03:31 Sheel Mohnot: How I Got Married in the Metaverse; Founder vs Product vs Market | E1035 · 20VC with Harry Stebbings
Disclosure
Mohnot: Better Tomorrow Ventures waives part of its 2% management fee
“You know, now we have three hundred million AUM. We could take two percent, which is six million to run our business. We actually take a much smaller amount and return it to LPs.”
Sheel Mohnot Jul 17, 2023 ▶ 21:52 Sheel Mohnot: How I Got Married in the Metaverse; Founder vs Product vs Market | E1035 · 20VC with Harry Stebbings
Insight
Mohnot: Large seed rounds create complacent startup teams
“Raising big rounds makes people like makes people cushy. You end up attracting people with salaries that, like, actually they could have gone into a big company and actually they belong at a big company.”
Sheel Mohnot Jul 17, 2023 ▶ 53:18 Sheel Mohnot: How I Got Married in the Metaverse; Founder vs Product vs Market | E1035 · 20VC with Harry Stebbings
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.