GP Commit
topic on 1 show · 8 statements across 4 episodes
8 statements about GP Commit, every show
Clarkson: Strict GP commit requirements create unnecessary barriers for new managers
“To your point about GP commit, yes, it has been an unnecessary barrier to entry for too many GPs.”
Stebbings: Larger GP commits do not indicate greater manager dedication
“Billionaire founders of funds, they can put in a lot more money than me. Doesn't mean they're more committed than I am.”
Stebbings: High GP Commitments Drain Management Fees and Harm Fund Quality
“I also find it moronically because you insist on a certain bar, the managers can't do it out of their own personal capital. And so then they pay for it out of fees. And then that means that they are fundamentally capped from reinvesting in their own teams, pla…”
Mohnot: Venture GP fund commitments should cap at 10% of net worth
“So I think it really should be some portion of your net worth, and maybe it should be, like, up to 10% of your net worth should be in a fund. And that's a significant portion, but not like, it's not like you're gonna need an extra, like, you're not gonna wanna…”
Toney: LP GP commit requirements should scale with manager net worth
“I think a better way to think about it is, how much is the commit relative to what the nest egg is for the GP? How much is the GP going to actually feel this one, two, three percent?”
Stebbings: Standard GP commit expectations prevent diversity in venture capital
“The standard is also a fifty-year-old, largely male, with operating experience of It's dirty years and has built up a huge ton of liquidity that massively prevents anyone diverse or with a non-obvious background coming into this industry from actually creating…”
Toney: Emerging VC managers should sell GP stakes to relieve financial pressure
“So I'm a big proponent, and I think for emerging managers in particular, it helps take some of the financial pressure of having to go a couple years without salary while still being able to build infrastructure and potentially being able to help Cover a portio…”
Maqubela: GP commitments exclude talent and drive young VCs to risk aversion
“I think it's fundamentally excluding a lot of people who could otherwise be great VCs, because they either don't have the capital, or if they happened to, it's too much capital to allocate in one place, and thereby makes them risk averse.”