Lyndall Eakman, Managing Director at Foundry Group, reflects on his experience as an LP at the University of Texas Investment Management Company (UTIMCO).
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“It was always a challenge at UTEMCO to get the very best talent and keep them.”
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More from Lyndall Eakman
Insight
Eakman: Male posturing inside VC firms undermines good decision-making
“There's often a bunch of male posturing nonsense in these venture capital firms. If you can get rid of all that noise, you end up with a way better chance of making good decisions.”
Lyndall EakmanOct 12, 2016▶ 9:5120VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Opinion
Eakman: Institutional LPs Do Not Make Great Direct Investors
“Traditional institutional LPs, I don't think they make great direct investors. And in general, they aren't able to attract the most talented direct investors to their platform.”
Lyndall EakmanOct 12, 2016▶ 12:0220VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
PredictionHeld up
Eakman: Foundry Group Will Not Attempt Generational Succession
“Foundries on the record is saying that, you know, we're not going to transfer this through a generational transition.”
Lyndall EakmanOct 12, 2016▶ 10:1420VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
AssertionNot checkable as stated
Eakman: Institutional LP Turnover and Vacillation Elevate Fund-of-Funds Prominence
“I will say a challenge for venture writ large and a challenge for LPs is that institutional LPs are changing. They're all struggling with staff turnover. Many have vacillated in their commitment to venture. Because of that, I think you've seen venture funder f…”
Lyndall EakmanOct 12, 2016▶ 14:2620VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Opinion
Eakman: Separate Follow-On Funds Do Not Create Negative Market Signals
“And I, we just haven't seen it, but I don't think a separate fund has changed any market perceptions.”
Lyndall EakmanOct 12, 2016▶ 6:4920VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
Disclosure
UTIMCO Secured a 20% LP Position in Union Square Ventures' Early Fund
“I think we had the opportunity to get 20% ownership, and that's what we wanted, just like all the VCs do in companies. At UTEMCO, and frankly, today, we like being an important part of the capital base.”
Lyndall EakmanOct 12, 2016▶ 9:0920VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group
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