Nikhil Basu Trivedi

Co-Founder & General Partner, Footwork · 1 appearance on the record.

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investorfounderoperatorauthor@nbt ↗LinkedIn ↗footwork.vc ↗

Nikhil Basu Trivedi is an early-stage venture capitalist who co-founded Footwork alongside Mike Smith, having previously served as Managing Director at Shasta Ventures. He is known for early-stage investments in companies such as Canva, Frame.io, Lattice, ClassDojo, and The Farmer's Dog.

7statements → 3claims → 1claims resolved → 3.86/5average certainty → 1.57/5average debate potential → 1said about them ↓

1 supported 0 partly supported 0 contradicted 2 not checkable as stated how the 3 claims stand · each chip opens the sources

3 assertions · 2 insights · 2 disclosures · every statement was checked. The predictions and assertions are the 3 claims: statements the public record can support or contradict. 1 is resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Nikhil argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Trivedi: Footwork closed debut venture fund at $175M in April 2021

“That culminated in our decision last fall to go build Footwork together, to start to speak to limited partners, and then in January of 2021, Mike left Stitch Fix, and in April we closed our first fund with one hundred and seventy five million in commitments an…”

Nikhil Basu Trivedi Sep 23, 2021 ▶ 16:05 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

What they said7 What others said1 Episodes1

Everything Nikhil Basu Trivedi said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight

Basu Trivedi: Small VC firms must operate as thesis-driven specialists

“When you're a small firm, you can't do everything in today's ecosystem. And so you have to decide where you want to spend time. And so the principle behind being a thesis driven specialist is finding swim lanes where we go deep in certain areas where we look a…”

Nikhil Basu Trivedi Sep 23, 2021 ▶ 22:00 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Disclosure

Trivedi: Footwork plans to add future partners at equal carry

“And so when we will expand our partnership one day, we hope to bring in folks at the same equal level and to give them the platform of our firm as a result.”

Nikhil Basu Trivedi Sep 23, 2021 ▶ 30:40 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Disclosure

Basu Trivedi: Footwork raised Fund I in a single close

“Our approach ended up being a bit different where we said, this is the fund that we want to raise. And ideally we'd want to do it and be one and done on, on a close so that we can figure out what all the different puzzle pieces of LP construction look like and…”

Nikhil Basu Trivedi Sep 23, 2021 ▶ 39:21 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Insight

Trivedi: Venture funds need diverse LP bases because allocator categories cycle out

“What you've seen across decades of the venture industry is that different pools of capital can go in and out of the venture market. There have been times where endowments have pulled out of the asset class because they face liquidity challenges and their own o…”

Nikhil Basu Trivedi Sep 23, 2021 ▶ 40:59 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Assertion Supported

Trivedi: Footwork closed debut venture fund at $175M in April 2021

Nikhil Basu Trivedi Sep 23, 2021 ▶ 16:05 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Assertion Not checkable as stated

Trivedi: Via reached millions in ARR within a year on minimal capital

“And with Via, the product had launched just over a year ago. The business is already at hundreds of customers, millions in annual recurring revenue. It's barely spent any capital and it's in a space of SMS based marketing and customer support in this mobile co…”

Nikhil Basu Trivedi Sep 23, 2021 ▶ 24:08 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Assertion Not checkable as stated

Trivedi: Kanyi Maqubela coined 'agglomerator' for multi-stage VC firms

“I have to thank my friend Kanye Makubella at Kindred Ventures for helping me come up with that word, because I've referred to these multi-stage and multi-sector firms as platform firms, but That doesn't feel like a great word to describe them, and in a convers…”

Nikhil Basu Trivedi Sep 23, 2021 ▶ 43:30 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

The other half of the tape: Nikhil Basu Trivedi's own voice is left out of every number here. 1 statement on the record names them. every mention, with the transcript →

Statements about Nikhil Basu Trivedi, by other people (1)

Disclosure

Smith: Footwork assigns one GP as director and the other as observer

“And so the way we work organically is one of us will take the board seat and the other one will be a board observer.”

Mike Smith Sep 23, 2021 ▶ 17:30 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Appearances (1)

Episode	Date	Speaking time
Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)	Sep 23, 2021	16m

Nikhil Basu Trivedi

The record, in short

Their most notable supported claim

Statements about Nikhil Basu Trivedi, by other people (1)

Appearances (1)

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