VC Managers
topic on 3 shows · 3 statements across 3 episodes
Invest Like the Best 
Capital Allocators 
20VC
3 statements about VC Managers, every show
Naimi: Spinout VC managers underperform past records due to lost platform access
“Arguably, their future track record won't be as good as their historical track record because the deals they were able to access to those platform funds might not be deals that they have the ability to access or win in the future.”
Joy lets manager access dictate Church Commissioners' venture capital allocation
“So I don't target a VC allocation. I target VC managers, and I will take what I can get from the managers that I'm targeting. We have a very concentrated book of managers, and our allocation, if you like, is what drops out of the access we can get with the man…”
Underperforming VCs survive by continually raising capital from lower-tier LPs
“Amongst the established managers, if you are a traditional quote-unquote VC not an incubator, accelerator, post-accelerator, what is, what's actually happening is that there is always this theory of a bigger fool. So what happens to them is that they might not…”