Larry Page convinced David Lawee to launch CapitalG internally at Alphabet
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 4:04
David Lawee details how he founded CapitalG (Alphabet's growth fund) in 2013 after discussing an independent fund proposal with Google co-founder Larry Page.
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“At that point, I was in the mindset of leaving Google, and I talked to Larry Page, and the idea was, for me, in that conversation, was to see if he wanted to invest his own capital in my firm, and he said, why don't you do this within Alphabet? And I thought about that for a little bit, and kind of came to the conclusion that we could do something in a super differentiated way inside of Alphabet, and so I decided to start Capital G with Alphabet as the sole LP, and we got going from there.”
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