Early Stage Managers

topic on 2 shows · 4 statements across 4 episodes

Capital Allocators 20VC

4 statements about Early Stage Managers, every show

20VC Insight
Active Early-Stage VC Management Drives Bad Decisions
“I work with many, and when they actively manage, they do not get the right decisions. They push managers to do things they shouldn't do. They push them to go enterprise before they should, push them to do more products, push them to scale faster, take more cas…”
Harry Stebbings Aug 4, 2025 ▶ 48:59 Miles Dieffenbach: Inside Carnegie Mellon’s $4BN Endowment & The Math Behind DPI, TVPI, Illiquidity · 20VC with Harry Stebbings
Partners Capital avoids early-stage venture managers without prior institutional track records
“We almost never invest in early stage manager without reps. So they've almost always come from another place.”
Stan Miranda Aug 21, 2023 ▶ 24:38 Stan Miranda – Modern Endowment Model at Partners Capital (EP.334)
Blitz: Evanston prefers early-stage managers because principals are hungrier
“That often leads us to early stage managers who aren't managing a lot of money. The principals of the firm are hungry at that time, and there's not many good ones like that out there, but those are the ones we tend to prefer.”
Adam Blitz May 29, 2023 ▶ 11:26 Hedge Fund Master Class – Craig Bergstrom, Adam Blitz, and Dan Fagan (Capital Allocators, EP.318)
20VC Opinion
Harry Stebbings: Early-stage VCs make a big mistake ignoring public markets
“I speak to a lot of early stage managers who actually don't pay that much attention to public markets. I always think it's a big mistake.”
Harry Stebbings Feb 14, 2022 ▶ 5:43 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company

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