The Ledger
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Founder sentiment is the leading indicator of a VC's potency
“So we find that founders and entrepreneurs are leading opinions are the leading indicators of the relevancy and potency of a VC Find that many LPs opinion of a VC's brand is actually a lagging indicator. The most powerful form of social proof for us is the opi…”
Weathergage drops VC funds primarily when they lose relevancy with founders
“For us, when we decide to stop backing a VC firm, It's usually based on the loss of relevancy with founders, and we ask ourselves every time, how does this particular team find and win deals versus their top competitors?”
Lack of differentiation is the main reason Weathergage rejects VC funds
“Most of the time, it's undifferentiation. We see managers who, you know, have spent some time in the field, and they have a credible record, but it's not an exemplary record after, you know, having done it for a while.”
Many LPs are uncomfortable giving direct feedback to VC fund managers
“Many LPs are not comfortable giving feedback to GPs, and so fund managers may not have a clue how they're being perceived or why they're not a fit with a, you know, institutional manager's portfolio.”