Large Endowments
topic on 3 shows · 3 statements across 3 episodes
BG2 Pod 
Capital Allocators 
20VC
3 statements about Large Endowments, every show
Lemkin: Small emerging fund returns are irrelevant to large endowments
“If I can put 5,000,008, ten million into an emerging GP, okay, and they don't expand into a multi-billion dollar fund, it's, it is irrelevant to a large endowment, unless you've got a little chunk of guys that are just doing emerging managers, and they'll put …”
Gurley: Large endowments are holding zombiecorn startups at unrealistically high valuations
“And by the way, you talk, if 80% of the zombie corns are never going to get out or are going to get out at reduced prices, I'm telling you flat out, those are being held on the large endowments, you know, as LPs at unrealistically high prices across the board.”
Seides: Endowments perpetuate top returns through exclusive manager referral networks
“Having the right networks to be able to access and find great investment ideas is, is pretty important. And it's one of the reasons why, you know, where we started some of these large endowments Have been able to perpetuate returns because they have long histo…”