“Founder friendliness of Bloom does not mean that We are exceeding to the founders request all the time. It's about a partnership and the founder respects our feedback, even though it might not be what he wants to hear. And the friendliness is about the best interest of the business and the company at all points in time”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Ashish Fafaria
PredictionOpen · timeframe Jan 2029
Fafadia predicts physical cash will completely fall out of circulation soon
“So in a few years from now, I do imagine and dare to say that cash will be out of circulation.”
Ashish FafariaJan 19, 2024▶ 1:22:06Before Applying For A Venture Capital Job, Watch This Podcast! I Blume Ventures Partner I Neon Show
Opinion
Fafaria: Blume's Fund II is tracking toward an 8X to 10X return
“So when I say dragons, I mean each of these four unicorns are dragons also. So if sold at that point in time, they return the full fund. So what you're talking about in terms of eight X and 10 X funds, fund two looked like that kind of a promise. And even toda…”
Ashish FafariaJan 19, 2024▶ 59:37Before Applying For A Venture Capital Job, Watch This Podcast! I Blume Ventures Partner I Neon Show
Insight
Fafadia: Venture capital is the highest level of intellectual sales
“You are in a job which is the highest level of intellectual sales.”
Ashish FafariaJan 19, 2024▶ 1:32:16Before Applying For A Venture Capital Job, Watch This Podcast! I Blume Ventures Partner I Neon Show
What-if
Fafaria: Dollar-denominated capital would have halved Blume's early fund returns
“And today when we talk about the dollar rate, we are in the eighties. Right. So, it's, Almost doubled. That means if we, thankfully we were not having dollar capital, but if we had dollar capital, our returns would have halved.”
Ashish FafariaJan 19, 2024▶ 16:33Before Applying For A Venture Capital Job, Watch This Podcast! I Blume Ventures Partner I Neon Show
Insight
Fafaria: Converting an institutional LP requires seven hours of engagement over years
“Unless the GPs have engaged with an LP for seven hours. This is hard to convert because you need that kind of a time and depth to understand the whole thing very well. And it's not that you do a morning, evening, seven hour thing. The seven hours has to come s…”
Ashish FafariaJan 19, 2024▶ 40:08Before Applying For A Venture Capital Job, Watch This Podcast! I Blume Ventures Partner I Neon Show
AssertionSupported
Fafadia: GreyOrange returned an entire fund without being valued as a unicorn
“So gray orange is a dragon. That's the difference. It is not a unicorn, but it returns a full fund.”
Ashish FafariaJan 19, 2024▶ 1:10:19Before Applying For A Venture Capital Job, Watch This Podcast! I Blume Ventures Partner I Neon Show
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