Lo Toney
Founding Managing Partner, Plexo Capital. On 1 show, 1 appearance. The Shows tab opens the full record on each.
investorfounderexecutiveoperator@lo_toney ↗LinkedIn ↗plexocap.com ↗
Lo Toney is the Founding Managing Partner of Plexo Capital, an investment firm spun out from GV. He previously served as a Partner at GV and Comcast Ventures, and held executive operating roles at Zynga, Nike.com, and eBay.
1shows
1appearances
15statements
4resolved
3supported
0contradicted
75%fully supported
2said about them ↓ Everything Lo Toney said on any show that made the record, most notable first. Each card names its show and opens the statement there.
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…”
Toney: No causal data proves personal wealth is required for VC success
“Someone needs to show me the data, right? And I'm not talking anything that's correlated. I'm talking about causal data that if you're not rich, that you can't be a successful VC, because I don't think that data exists.”
Toney: Fund managers should accept LP capital immediately when offered
“If a GP has the ability to close with an LP, if an LP wants to give a GP money, take the money. That's always been my philosophy and approach.”
Toney: Seed and Series A annualized median returns are only 5.6%
“Given that the last 20 years, I don't know, We've probably seen seed series A, 23% annualized returns on the mean versus like 5.6% on the median, which by the way, you'd never incur this level of risk to just get 5.6%.”
Toney: Product management playbooks directly mirror early-stage VC investing
“The Playbook for product management is very similar to early stage BC. The ability to understand a market and where opportunity might exist because of a problem. How many of those people or enterprises have that problem? What are the current solutions they're …”
Toney: Institutional LPs will complete pre-approved venture fund commitments
“If the manager has a prospective LP institutional that has already gone through the approval process, what I'm hearing from institutional LPs is they already have their budgets and plans in place. They will complete those deals.”
Toney: First-time VC fund managers should plan on two years without income
“We had already told GPs to plan on going two years without income.”
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?”
Toney: Early-stage VCs must maximize initial ownership since follow-on buy-ups are unfeasible
“The ability to be disciplined, have the right portfolio construction model, recognize that, you know, you need to get as much ownership on the front end as possible because you're not going to be able to buy up. Those are all the things that are most critical”
Toney: VCs should join early to build multi-fund track records
“Get into the venture business as early as possible. You're going to, you're just going to take a minute to figure out whether or not you're good. And when you have some wins, that's helpful because you'll need to be able to negotiate for better economics and s…”
Toney: Anchor LPs often negotiate minimum closing thresholds into LPAs
“Often if there's an anchor LP, they anchor themselves might actually negotiate into the limited partner agreement, the LPA, that a close cannot happen until a particular threshold relative to the target size has been met or absolute number.”
Toney: Micro VC fund-one GP commitments typically average 1% to 2%
“That commitment can range, but they typically have to commit some of their own capital To the fund, one to five percent was probably the norm. One to two percent in the micro VC world, especially for a fund one.”
Toney: Private equity GP stakes typically range from 10% to 20%
“In the world of private equity, typically the stakes given are 10 to 20%.”
Toney: Plexo Capital plans to expand into secondary LP stake purchases
“If we like the GP and it's in between funds, we are looking in the future to do secondary opportunities to purchase other LP stakes and GPs that we like that are building franchises.”
The other half of the tape: Lo Toney's own voice is left out of every number here. Other people bring the name up 2 times in 2 episodes across the shows. every mention, with the transcript →
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One line per show, most statements first. The link opens Lo's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| 20VCLEDGER | Founding Managing Partner, Plexo Capital | 1 | 15 | 75% 3/4 | full record on 20VC → |