Prediction Didn’t hold up AI assessment confidence: 90% certainty 4/5 debate potential 2/5

Susa Ventures Limits Portfolio Companies to 6-8 Per Partner

Chad Byers · 20VC: Why Raising A Fund Is Like Raising A $25m Seed Round with No Product & Why Not All LP Money Is Equal with Chad Byers, General Partner @ Susa Ventures · Aug 24, 2016 · at 13:12

Chad Byers, General Partner at seed firm Susa Ventures, explains Susa's operational model and portfolio management strategy to Harry Stebbings.

0:00 / 0:11exact quote · 11.2s
720p mp4 · rendered on demand · StarZero watermark
“And so we'll always maintain in a really low partner to company ratio, ideally long-term kind of six to eight companies per partner, which is very unique at seed because we want to be so operationally involved.”

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 Chad Byers

Prediction Didn’t hold up
Chad Byers: Susa Ventures Will Permanently Cap Fund Size at $150M
“The end state for us is 125, one hundred and fifty million dollar fund capped at that size, never getting bigger. Focus exclusively at early stage.”
Chad Byers Aug 24, 2016 ▶ 18:48 20VC: Why Raising A Fund Is Like Raising A $25m Seed Round with No Product & Why Not All LP Money Is Equal with Chad Byers, General Partner @ Susa Ventures
Prediction Didn’t hold up
Chad Byers Predicts Facebook or Amazon Will Hit $1 Trillion First
“So I think it's Facebook. You know, my second answer, although this is kind of cheating, would probably be Amazon. So Facebook or Amazon, I don't think it's Apple. I don't think it's Google. I think it's going to be one of those two.”
Chad Byers Aug 24, 2016 ▶ 21:25 20VC: Why Raising A Fund Is Like Raising A $25m Seed Round with No Product & Why Not All LP Money Is Equal with Chad Byers, General Partner @ Susa Ventures
Disclosure
Susa Ventures Seeded Fund I With Marked-Up Angel Deals at Cost
“One of the things we did when we raised the first fund, I think that helped in a tremendous way, is we pulled some of our angel investments into FundOne at cost. So we took some investments we had made the year before, put them in the fund at cost, even though…”
Chad Byers Aug 24, 2016 ▶ 6:20 20VC: Why Raising A Fund Is Like Raising A $25m Seed Round with No Product & Why Not All LP Money Is Equal with Chad Byers, General Partner @ Susa Ventures
Insight
Chad Byers: Early-Stage Funds Over $100M Must Lead Investment Rounds
“Because you're going to have to be leading deals if you have a fund of over a hundred million.”
Chad Byers Aug 24, 2016 ▶ 20:15 20VC: Why Raising A Fund Is Like Raising A $25m Seed Round with No Product & Why Not All LP Money Is Equal with Chad Byers, General Partner @ Susa Ventures
Insight
Chad Byers: Institutional LPs Rarely Back First-Time Venture Funds
“So when you start talking about fund to funds or endowments or institutions, they typically aren't funding first, first funds, unless there's a rare circumstance with the GP.”
Chad Byers Aug 24, 2016 ▶ 8:05 20VC: Why Raising A Fund Is Like Raising A $25m Seed Round with No Product & Why Not All LP Money Is Equal with Chad Byers, General Partner @ Susa Ventures
Disclosure
Susa Ventures Raised $50M for Fund II After Targeting $40M
“We were targeting forty million. All the existings came in for about 30 of that. We landed one of the big institutions I'd kept warm for three and a half years. They kind of anchored the fund with ten million. And then We went up to the hard cap relatively qui…”
Chad Byers Aug 24, 2016 ▶ 9:39 20VC: Why Raising A Fund Is Like Raising A $25m Seed Round with No Product & Why Not All LP Money Is Equal with Chad Byers, General Partner @ Susa Ventures
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.