First Time Funds
topic on 3 shows · 8 statements across 7 episodes
Capital Allocators 
All-In 
20VC
8 statements about First Time Funds, every show
Ou: GroveStreet invests in first-time funds, never first-time investors
“Now, even for fund ones, we would never invest in first time investors. As we'd say, we'd invest in first time funds, but not first time investors. There's need to be teams that have demonstrated track records in their prior Pretty fun careers, whether spin ou…”
Calacanis: Bottom 75% of venture capitalists will not raise new funds
“They're not going to be able to raise funds, man. It's over. A lot of these people who raise first-time funds in the last three or four years.”
Yuppin: Top CIOs target first-time VC funds and spinouts for outsized returns
“Today, you're seeing the real great CIOs are looking for first time funds, spin outs, where you've really identified talent and you want to be there early so you can gain greater capacity and you're more actively involved early and you're capturing some of tha…”
Monk: Board bans on first-time funds force allocators into expensive managers
“A lot of the boards of directors think they're protecting their organization from failure by telling their teams they can't do first time funds, or they can't invest in hedge funds below a certain AUM, which is another way of saying you can only invest in fund…”
Raising a first-time venture capital fund takes 18 to 24 months
“First-time funds, I mean, often, it's 18 to 24 months, and you just have to expect that.”
Clarkson: 17 first-time VC funds raised in Q1 2017 versus 6 in Q1 2016
“So, there are more first-time funds this year than last year by more than double. So, last year, there were six during QI of 2016, and this year so far, there's been 17.”
Clarkson: Q1 2017 first-time VC funds averaged $100M in size
“You know this, the fund sizes are healthy too, so averages are a bit deceiving, but you know, for what it's worth, the average for these 17 funds was a hundred million, and that wasn't just because there was like one ginormous one and the rest were dinky. Ther…”
Only 31 First-Time VC Funds Were Raised Through Q3 2016
“What I can say is, is through Q three, You know, we go through and we curate the data, we pull it from a number of sources, and then we curate it, because sometimes funds close one year and then do a final close a second year, so the numbers are a bit squishy,…”