venture firm

“On a good day, I think venture firms on their best day Our golf teams, like individuals shooting their best score, their lowest score, and adding them up at the end. We really think about our team and our approach more like a basketball team or a soccer team, …”

“There are a lot of young people within those venture firms that have never experienced a down market, and certainly young founders that have never experienced inflation, rising interest rates, inability to raise capital, etc. So I think there's some painful le…”

“Because we see so many venture firms today just struggling at their core with generational transfer.”

“Venture debt is just a tool to underwrite the venture firms.”

“Maybe some of the larger ones will. They're public, and maybe they won't have as much issue with it, and you can get it through FOIA, kind of those things that people do, but the venture firms, some of the smaller ones, no way.”

“We found that the due diligence calls, which is very common, underwriting venture firms, wasn't as helpful in the real estate business. It's a less collegial business. On a venture deal, two venture firms can be on the board of a company, and they're working t…”

“How many great venture firms are there? Maybe 10. How many venture firms are around today as a consequence of the last TMT boom? Probably 300. So three hundred's gonna peel back. It has to. And it may be a decade long process.”

“I wouldn't say we spent a lot of time worrying about the ones we missed. There were certainly venture firms that we might have worked with that did very well, but we didn't. The ones that we did work with were fantastic. There wasn't much point in losing sleep…”

“We always found it extremely useful to talk to the CEOs and the entrepreneurs of the portfolio companies of the venture firms”

“Pretty much all of the venture firms we worked with, if in 1995, they were managing a two hundred million dollar fund. By 1999, they were managing a billion dollar fund. And then they were investing the billion dollar fund in nine months, which again, proved t…”

“The short answer is a lot of the operational value add from a lot of these firms is wildly overstated. The wise advice is super not appreciated.”