Hunter Somerville
14 statements across 1 episodes · 5 bullish · 6 bearish · 1 people on the record · first statement Jun 5, 2024 by Hunter Somerville · across every show →
On the record as a speaker too: Hunter Somerville's record, appearances and statements → this page counts the times other people say the name.
Everything said about Hunter Somerville, oldest first
Jun 5, 2024 negative
Excluding junior VC partners from LP relationships creates major succession risks
“In many of these scenarios, the junior partners don't have enough interaction or connection with the LPs because they don't do the fundraising exercises or the fundraising calls. And so you know, if the senior partner leaves, then the LPs get spooked, and you …”
Jun 5, 2024 negative
VC spinouts are currently paused as LPs pull back on new managers
“Right now what I'm seeing is probably more of like a festering kind of situation because it's pretty difficult to spin out and start your own firm right now. You know, people who may want to do that are just going to choose to wait because LPs aren't adding a …”
Jun 5, 2024 bearish
Jun 5, 2024 positive
Indian startups can IPO at $100M revenue compared to $200M in US
“From our interpretation, it feels like companies are able to go out at a smaller top line scale. Than you would see in international markets where it's viable maybe in the hundred to one hundred fifty million top line range instead of what seems to be more lik…”
Jun 5, 2024
StepStone manages relationships with over 200 venture and growth managers
“So in order to fully answer that, you know, we have to factor in what we do on the discretionary side of our business, and then also what we do in separate account and advisory work. And that number of venture growth managers is over 200 at this point.”
Jun 5, 2024 bullish
StepStone is discussing secondary liquidity and continuation funds with Indian VCs
“We've been in discussions with a lot of managers in India increasingly that I think are exploring that. And they're either selling single positions to, you know, folks like us who do secondary investing, they're selling to private equity or other financial buy…”
Jun 5, 2024 positive
Board observation provides better manager diligence than LP reference calls
“And on top of that, because we do direct investing, we're oftentimes board observers within companies, and we actually see the managers in action. So you see who comes to board meetings and who has nothing to say or isn't adding value or doesn't even show up t…”
Jun 5, 2024
Jun 5, 2024 negative
Evaluating VC managers solely on DPI causes LPs to miss emerging talent
“If you're waiting around and just judging what people have done on a realized basis or in DPI, you're not going to have a good sense for the momentum in those managers, and you'll probably wait too long to eventually pick
A really interesting up and coming gro…”
Jun 5, 2024 neutral
Jun 5, 2024 bullish
Indian early-stage VCs maintain a strong advantage in cross-border SaaS
“When you look at cross-border SaaS that's really more of a global perspective on investing. And so I think it ties to managers in India and gives them an advantage at earlier stages. But you're going to have significant capital that wants to come into those be…”
Jun 5, 2024 bullish
Jun 5, 2024 bearish