Nakache: The era of the generalist venture capitalist is largely over
Patricia Nakache · 20 VC 080: How VCs Can Differentiate Themselves with Patricia Nakache, General Partner @ Trinity Ventures · Oct 19, 2015 · at 19:02
Patricia Nakache, General Partner at Trinity Ventures, explains how increased venture capital competition has shifted investor focus from generalist strategies to domain specialization.
0:00 / 0:44exact quote · 44.2s
720p mp4 · rendered on demand · StarZero watermark
“The days of sort of the generalist venture capitalist is, is I think mostly gone exists in some rare pockets, but, you know, I think when I, and that's been a transition that's happened during the time I've been in venture capital I think, you know, it wasn't too terribly long ago, you know, one to two decades ago, where you, a venture capitalist invested in a broad range of industries or spaces. Now, people are fairly you know, have become more focused, and I think it's because, one of the reasons is because there's greater competition, and you really need to bring that experience base to the table for entrepreneurs in order to Be differentiated in and to compete.”
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 Patricia Nakache
Nakache predicts a shakeout in non-essential on-demand economy startups
“I also think there's going to be a shakeout in the on-demand economy. Because there's been, well, I do, you know, I'm very, I'm bullish there are a bunch of services that are going to thrive, but I think there have been a lot of services that have been funded …”
Nakache: Pattern recognition in VC partner hiring perpetuates gender imbalance
“The second P is, is what I call pattern recognition, and that's just the notice, a notion, and it applies to investment decisions too, but it's the notion that decisions are made based on recognizing attributes that have worked for you in the past or been succ…”
Nakache: Market retrenchment disproportionately harms minorities in venture capital
“I think there was a, when I joined it was higher, I believe, because we were in the middle of the dot-com boom, and in growth times, that's when opportunity exists, actually, I think, For minorities to make progress. I think in retrenchment, times of retrenchm…”
Nakache: Culture fit is critical in small venture capital partnerships
“In small partnerships, that's really important. You have to, there's not a big company. There's no place to go hide if you don't get along with somebody. There's no kind of other division you can transfer to or other group you can transfer to. You have to make…”
Nakache saw huge gap between Craigslist and expensive nanny agencies
“Felt to me like there was a big opportunity for service that provided more vetting than a Craigslist, but was way less expensive than an agency.”
Nakache: Ramping burn rate before product-market fit wastes capital
“If the company has not yet reached a stage where there's product market fit and yet the burn rate has been ramped up, To me, that's a yellow flag, and it's interesting, you know, it's one I'm thinking about a lot today in the context of the current environment…”