Assertion Supported AI assessment confidence: 98% certainty 4/5 debate potential 1/5

Kurzweil, Shen, and Goldberg left top VC platforms to form a partnership

Jeff Morris Jr. · Inside VC’s Existential Crisis: Jeff Morris Jr. on Surviving & Winning · Sourcery with Molly O'Shea · Oct 16, 2024 · at 13:59

Chapter One GP Jeff Morris Jr. discusses venture industry consolidation and partners spinning out of established tier-one VC firms.

0:00 / 0:14exact quote · 14.6s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“The recent examples I think are most interesting would be like Ethan from Bessemer, Christina Shen from Andreessen Horwitz, and Mark Goldberg from Index Ventures joining, leaving those large platforms to form like a real partnership, right?”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Jeff Morris Jr.

Prediction Not checkable as stated
Jeff Morris Jr. predicts 40%+ of non-institutional VCs will fail to raise
“Non-institutional venture funds. I think the majority of them call it, I think that 40% number is, would be on the lower end of people who I think won't be raising additional funds in, in the next cycle.”
Jeff Morris Jr. Oct 16, 2024 ▶ 25:50 Inside VC’s Existential Crisis: Jeff Morris Jr. on Surviving & Winning · Sourcery with Molly O'Shea
Prediction Not checkable as stated
Deep vertical software will survive displacement by AI large language models
“If you get within these like deep vertical workflows and very industry specific software will persist and ultimately it's hard to compete with if you're just trying to use large language models or code generators to try and compete. Like I think, I still think…”
Jeff Morris Jr. Oct 16, 2024 ▶ 48:05 Inside VC’s Existential Crisis: Jeff Morris Jr. on Surviving & Winning · Sourcery with Molly O'Shea
Assertion Supported
Josh Wolfe predicts 30% to 50% of VC firms will shut down
“Josh Wolf at Lux Capital wrote his quarterly letter and he predicted that 30 to 50% of venture firms would cease to exist.”
Jeff Morris Jr. Oct 16, 2024 ▶ 3:49 Inside VC’s Existential Crisis: Jeff Morris Jr. on Surviving & Winning · Sourcery with Molly O'Shea
Assertion Not checkable as stated
LPs no longer accept TVPI multiples and strictly demand DPI
“No longer do you walk into a pitch meeting and show your multiple and invested capital and, or even like TVPI, like you have to like, just show DPI and be really clear what that number is.”
Jeff Morris Jr. Oct 16, 2024 ▶ 8:55 Inside VC’s Existential Crisis: Jeff Morris Jr. on Surviving & Winning · Sourcery with Molly O'Shea
Insight
Post-2023 emerging VC managers hold a distinct advantage over older vintages
“There are emerging managers who are coming to market with new funds, so call it Like a 20, 23 plus emerging manager who I think has the benefit of not getting caught up in what was, what's been a really challenging market cycle. And so if you're just starting …”
Jeff Morris Jr. Oct 16, 2024 ▶ 10:11 Inside VC’s Existential Crisis: Jeff Morris Jr. on Surviving & Winning · Sourcery with Molly O'Shea
Insight
Roger Ehrenberg: Emerging managers graduate after returning 1x DPI on all capital
“I've heard like, I think it was Roger Enberg defined it as any fund that's returned one X DPI on all capital they've raised to date. And so you stop Being in an emerging manager, when you actually return every single dollar you've raised, you distribute back t…”
Jeff Morris Jr. Oct 16, 2024 ▶ 7:42 Inside VC’s Existential Crisis: Jeff Morris Jr. on Surviving & Winning · Sourcery with Molly O'Shea
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 160 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.