Tom Lenehan
16 statements across 2 episodes · 6 bullish · 3 bearish · 1 people on the record · first statement Apr 27, 2017 by Tom Lenehan · across every show →
On the record as a speaker too: Tom Lenehan's record, appearances and statements → this page counts the times other people say the name.
Everything said about Tom Lenehan, oldest first
Apr 27, 2017 positive
Vista Equity Partners launched with a single captive investor, bypassing traditional fundraising
“They had just been around for a little bit, and they had one investor who provided all the capital. And so there wasn't fundraising involved. They actually had captive sources of money, which I thought was always a good thing.”
Apr 27, 2017 negative
Rockefeller's endowment suffered cultural damage by letting a bad hire linger
“We made a hiring mistake, and we realized, we kind of thought, well, we'll just let it, you know, let's let the person kind of ride out to the end of the program, which was fine, but what it did to our culture, and again, you're looking around, there's only ki…”
Apr 27, 2017 positive
Greylock's extreme LP transparency and partnership culture are rare in venture
“When you look at how they got there, and they do meetings twice a year, they used to do meetings four times a year, and the level of transparency and the level of disclosure and how they think of the world as a partnership, not only with their portfolio compan…”
Apr 18, 2022 positive
Lenehan: Diligence in China requires a native speaker to capture critical nuances
“When you're dealing with China, I think our secret weapon is to have a native speaker. And when you're speaking in the native language, she can pick up on so many of the nuances that I can't, and she can be on the chat boards and just get so much richer view o…”
Apr 18, 2022
Lenehan: Wallace Foundation relies primarily on pre-existing relationships for manager commitments
“I would say the vast majority of the things that we put on the books here at Wallace have been relationships that I've had either at Rockefeller or Wintergren or any of the other organizations in which I'm affiliated with.”
Apr 18, 2022 positive
Apr 18, 2022 positive
Wallace Foundation secured full allocations from targeted private funds
“I had estimated that maybe of all the ones that we wanted to go after ourselves, we might get half of those in terms of allocation, and we might get half the number that we asked for. We batted a thousand, we got everybody we were looking for, and we got the n…”
Apr 18, 2022
Wallace's inherited Treasury position dropped 15% in Q1 2021
“And when I got that, the ten-year treasury rate was 90 basis points, and this was January of 2021. And I said, okay, I got plenty of bigger fish to fry. Let me just kind of Put this one on hold for a little bit, and had my first IC meeting at the end of Februa…”
Apr 18, 2022 negative
Lenehan: Diligencing a new fund manager from scratch cannot be done over Zoom
“Otherwise, if we were meeting a group from scratch, it's great that we can certainly meet them on Zoom, but until we actually get on the ground, walk the floor, meet the people, meet the team in person, one-on-ones, you can't do it.”
Apr 18, 2022
Apr 18, 2022
Venture capital requires acting as a promoter despite a 90% failure rate
“If anybody thinks venture is easy, they are out of their tree. It is incredibly difficult. You have to get, you have to be a salesperson. You have to promote things and think they're the best thing ever, if you're a good venture capitalist, realizing that you'…”
Apr 18, 2022
Time is the only controllable variable for institutional allocators
“Not every email, I hate to say this, not every email deserves a response. And so you got to be very picky. It's a broader idea that you got to be very picky with how you spend your time. That is the one thing I can say that we can control in this crazy world i…”
Apr 18, 2022 bearish
Lenehan: Widespread inflation across corporate operating costs is not temporary
“I was speaking to somebody yesterday who has a public investment, I think, in DoorDash, and he talks to that management team quite often, and the inflation that they're feeling is everywhere. It is in the packaging of the materials. It is in the food costs. It…”
Apr 18, 2022
Apr 18, 2022 bullish