Reserves
topic on 2 shows · 8 statements across 7 episodes · said 4 times in 1 episodes
8 statements about Reserves, every show
Insurance Reserves Account for Roughly $75B of Liberty Mutual's Balance Sheet
“I would say you could probably think of it as roughly 70 to 75 billion of that is reserves. So, that could be described as tightly managed.”
Sertoglu: VC reserves exist for overlooked companies that defy standard molds
“And that's what we, that's what our reserves are for. Our reserves are for those companies that will be misunderstood by the market or overlooked by the market because they don't fit into the mold.”
Dixon: VCs Should Maintain Reserves and Exercise Pro-Rata Rights for Winners
“I would say the data also that I've looked at, you know, from my own history doesn't, you know, because the winners can be just so if you're good at it, the winners can just be so big that you want to do prorata. So, you know, I it's like, it's a hard question…”
Stebbings: Allocating venture fund reserves is an irresponsible capital deployment strategy
“I think reserves are an irresponsible way to deploy capital”
Stebbings: Active reserve management separates 0.7x funds from 2x funds
“In the bad, bad times, when you do the studying, actually the intense portfolio managers are the difference between one x, or naught .7 x, and two x, because they've religiously managed a huge amount from reserves, liquidity, and everything in between”
Zeev Ventures keeps little to no follow-on reserves in its funds
“I pretty much do not keep reserves, or keep very, very little, and the reason is, because I do cross-fund, I don't feel that I need to keep reserves, because I can invest from the next fund, if I want to”
VC returns on follow-on reserves are lower than initial investments
“Because I think that, generally speaking, the returns, On the reserves are going to be lower than the first time you make an investment, and the reason is the first time you make an investment, you really scrutinize the investment.”
VCs without follow-on reserves risk being wiped out to zero
“And don't forget that in that eighty million dollar round that gets cut back to a forty million dollar, if you don't participate, sometimes you get flushed down to zero. And so if you don't have reserves and you're playing in a game where big checks are being …”