LPs

“You have to produce basically a one X DPI in whatever fund you're in that they've invested in to get them to invest in the next fund. It doesn't matter how well it's shaping up versus the vintage. It doesn't matter if it's top core, top top decile. It doesn't …”

“I probably took. 600 meetings to get fund one raised. Fund two was probably another three or 400.”

“Having some folks with some expertise looking at helping us out with diligence and looking over our shoulder on stuff. Not only is it helpful for us as the investment manager, it's also really strong validation for the rest of the LPs to go, oh man, ok, this l…”

“There's gonna, I think there's gonna be a lot of smaller funds that if they don't have that long-term track record and help trust with LPs you know, raising a new fund might be pretty challenging, and so I do think there is going to be a bit of a shift and sor…”

“There are a lot of reporting platforms out there that actually do this very similar data aggregation, but they are very focused on purely like saying, okay, yeah, here's what your position is today. Okay, now go and do whatever you want, you know. Then what do…”

“Starting in a model that's, that resembles a special purpose vehicle versus a fund may be easier. To start in the beginning because, you know, it gives LPs a lot more flexibility and it could be easy to get them over the line.”

“So yes, I think the short answer is these IPOs will unlock a lot of liquidity. It'll be returned after lockup periods back to LPs. The LPs will then feel more comfortable reinvesting in future VC funds, which in turn should then unlock capital, allow more depl…”