Boris Wertz
15 statements across 1 episodes · 9 bullish · 2 bearish · 1 people on the record · first statement Dec 13, 2024 by Boris Wertz · across every show →
On the record as a speaker too: Boris Wertz's record, appearances and statements → this page counts the times other people say the name.
Everything said about Boris Wertz, oldest first
Dec 13, 2024
Dec 13, 2024 positive
Dec 13, 2024 positive
Version One Ventures' crypto portfolio includes early investments in Coinbase and Uniswap
“So we're invested in Coinbase which obviously is a public centralized exchange and crypto platform. We were investors in Uniswap, which is the decentralized version of an exchange in the crypto space kind of multi-billion dollar outcome.”
Dec 13, 2024 positive
Dec 13, 2024 bullish
Wertz's LP portfolio includes 10x–20x crypto funds and multiple 6x–8x funds
“I mean, definitely the crypto funds are more in the 10 to 20 X axis, right? And they have done well, but there's a bunch of funds in the portfolio that are at least on paper six to eight X funds, right? And obviously funds that were more raised in the kind of …”
Dec 13, 2024 neutral
Boris Wertz has backed roughly 30 emerging fund managers, starting with Haystack
“One of the first one I backed was Haystack, which is an early stage fund out of the US Simil Shah that was about somewhere eight years ago. And then over the years, I've increased kind of this to about 30 emerging managers that have backed.”
Dec 13, 2024 positive
Dec 13, 2024 neutral
Dec 13, 2024 bullish
Dec 13, 2024 positive
Dec 13, 2024 negative
Undisciplined emerging managers hurt returns with undersized checks and over-concentration
“Especially emerging managers sometimes are not as disciplined around portfolio construction. They suddenly end up with tons of really small investments where they put in a small check. But even if that company does super well, it doesn't really drive any fund …”
Dec 13, 2024 positive
Dec 13, 2024 positive
Dec 13, 2024 negative
Second-time founders often fail by raising too much money before product-market fit
“Lots of second time openers that were able to raise lots of money very quickly came down with a top down thesis on, on a market. Right. And Never really got to product market fit because the team that they were able to build because the capital they could rais…”
Dec 13, 2024 neutral
Wertz: VC portfolio construction can be learned, but founder taste cannot
“So you know, kind of that, that certainly can always be fixed over time and kind of managers can learn proper portfolio construction. What can't be fixed is your taste for entrepreneurs and for unique opportunities that can become these outlier opportunities.”