Big Firms
topic on 2 shows · 4 statements across 4 episodes
4 statements about Big Firms, every show
Chirls: Large VC firms operate like transactional Wall Street banks
“Basically all the same people from Lehman showed up. Highly transactional, all about the money. There was no real art or creativity to it. It was very private equity, like finding the company, dressing it up a little bit, handing it off to the next guy. And I …”
Paley: Big VC firms are disengaged and barely care about portfolio companies
“I think the truth of the big firms is they barely care. ... I think it is completely, in most cases, quite disengaged capital.”
Patterson: Growth fund expansion will drive early-stage VC spin-outs
“Doing that, and then you're going to see a lot of spin-outs from a lot of the big firms with guys focusing on early stage.”
Wall Street firms underappreciate OCIO by treating it as product distribution
“We think the whole OCIO concept has been underappreciated by Wall Street, because the big firms who are getting into the space see it as a distribution arm. You know, it's a label. They want to
Get more assets. Good. But we see it as actually this sea change …”