Lawee: Venture capital is overly clubby and white male-oriented
David Lawee · 20VC: CapitalG Founder David Lawee on Why People Overvalue Diversification in Venture, Why Investment Clubs Are More Successful Than Investment Partnerships & How Growth Funds Think About Portfolio Construction, Loss Ratio & Reserves · Oct 8, 2020 · at 21:00
David Lawee is the founder of Alphabet's growth fund CapitalG. He responds to a question on what he would most like to change about the venture capital industry.
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“It's incredibly clubby. And white male oriented. And I don't think that's helping the entrepreneurial world. It's kind of not helping the venture world decision making. So that's the biggest thing. It's also the hardest thing, but it's kind of the biggest thing that needs to change in my view.”
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“I do feel that there's a little bit of a disadvantage in protracted bull markets of having lived through these cycles, because your experience has taught you to be more risk-averse, and as you're kind of living through a bull market, that's kind of a negative.”