Trivedi: Kanyi Maqubela coined 'agglomerator' for multi-stage VC firms
Nikhil Basu Trivedi · Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12) · Sep 23, 2021 · at 43:30
Footwork Ventures co-founder Nikhil Basu Trivedi discusses the origin of his widely cited Substack essay conceptualizing mega multi-stage venture capital firms as 'agglomerators.'
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“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 conversation with him, he came up with agglomerator as a better word, and so that's what led to that post about the venture industry and naming those multi-stage and multi-sector firms as agglomerator firms.”
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