Opportunity Fund
topic on 5 shows · 18 statements across 14 episodes
Founders 
Sourcery 
Capital Allocators 
Top Founders 
20VC
18 statements about Opportunity Fund, every show
Lemkin: Opportunity funds were not worth the extra effort for 15% returns
“Wasn't worth it For me to do the opportunity funds. It's not enough. Like I'll make like 15% more money. It's not enough money, right?”
O'Driscoll: Opportunity funds fail without $20B portfolio mega-winners
“Unless you end up with one of the very few companies that are not just amazing, but are super amazing, where they can be a twenty billion dollar outcome, your ability to deploy lots of capital relative to your early stage fund is actually much smaller than you…”
Senra: Sam Zell raised over $1B in 13 months across two funds
“He raises two opportunity funds. He does this in 1988 and 1989. I think he raises over a billion dollars in 13 months.”
Fewer venture capital firms will raise opportunity or growth funds going forward
“I do think fewer people will raise opportunity funds or growth funds. I think that is likely.”
Cyberstarts created a $500M opportunity fund for portfolio follow-ons
“We have half a billion dollars, five hundred million dollars opportunity fund that where we invest in follow-on rounds in, in our own portfolio companies.”
Wagner: Early-stage VCs adding opportunity funds underestimate multi-strategy complexity
“That it's difficult to have all these different strategies cohabitate under one roof. They have different methodologies, You have to build the teams differently. You know, the investment decisions are made, you know, with very different criteria, and it's not …”
NextView Ventures Operates $135M Seed Fund and $65M Opportunity Fund
“We're currently investing out of our fifth fund. In fact, we have two. We have a seed fund, and we have a opportunity fund. The seed fund is a hundred and thirty-five million. The opportunity fund is sixty-five million.”
Douvos: Opportunity funds are a sneaky workaround to LP fund-size limits
“Now we've just started calling them opportunity funds, which by the way is just a sneaky way around the issue of my LPs don't want me to get too big. So I'll leave my core fund the same size, but I'll raise this opportunity fund.”
Douvos: Core and opportunity fund conflicts will anger LPs during downturns
“What we saw in 2002 1001, 2002 is all of a sudden you find these companies that have like these distressed fundraisers and you actually find the same fund owning two different securities, which may be in conflict with each other. And maybe one fund has capital…”
Wenger: USV's Opportunity Fund has no minimum revenue requirements
“We don't have a growth fund, for example, we have a fund that we call the Opportunity Fund. And why do we call it the Opportunity Fund? Because things we put in there need to feel like they're actual opportunities. And so it doesn't have any revenue requiremen…”
Unbounded allocates up to 80% of its Opportunity Fund to BSV startups
“About 70 to 80% of the capital that we take in gets invested into early stage ventures that are building on BSV, and that's, you know, kind of like a traditional venture fund”
Unbounded's Opportunity Fund returned over 400% in under two years
“Since we've been investing in the BSV ecosystem, which has been a little under two years that opportunity fund is up over 400%.”
Somerville: Venture firms will continue raising opportunity and select growth funds
“Then you will see the continued emergence and raising of opportunity select and growth funds, and to the extent that those are backing companies that they're already in and building bigger positions behind it as a life cycle partner, I think it very much can m…”
Somerville: Late-stage funds sourcing new deals are less interesting than select growth funds
“Where I become more skeptical is groups that add later stage focused funds or other vehicles like that that aren't actually playing off of the inherent advantage that they have being in companies already. If they're just sourcing late stage companies they thin…”
14 Opportunity Funds Raised Over $2B in 2016
“On average, we've been seeing about five or so of these opportunity funds raised per year since 2011, and this year there were 14 closed, as we thought, which spiked the numbers to over two billion in opportunity funds”
Eakman: Separate Follow-On Funds Do Not Create Negative Market Signals
“And I, we just haven't seen it, but I don't think a separate fund has changed any market perceptions.”
Chad Byers: LP Sentiment on Opportunity Funds Is Mixed
“The feeling in the LP community is pretty mixed on them. And so we haven't, you know, gone there yet, but it's something we've thought about and we've seen quite a bit of.”