Shalek: LP investing and venture capital are fundamentally similar models
Nick Shalek · 20VC: Ribbit Capital's Nick Shalek on How To Think Through Ownership and Price Sensitivity, When More Money and Pre-Emptive Rounds are Good vs Bad & Investing Lessons from Yale's David Swensen · Jul 26, 2021 · at 5:31
Nick Shalek, General Partner at Ribbit Capital, compares institutional LP endowment investing at Yale to venture capital investing.
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“In my view, the LP and the venture business are actually similar in a lot of ways. You know, both are fundamentally about backing amazing people, often with limited control or data as an LP, you know, you're mostly putting money in blind pools. So you learn to really fixate on how to underwrite people and how they might think or act in future scenarios.”
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