Medium | Article
Fund Recycling Moves the Needle for Both LPs and GPs. Here’s How.
For as powerful of a mechanism as fund recycling can be, we believe it is an under discussed strategy in venture investing. It can transform a good fund into a great fund, and a great fund into an even better one.
More LPs are Investing in VC Funds
In the last 5 years, the average number of LPs participating in a VC flagship fundraise more than doubled. But the average check size has grown too. Key takeaway? More accredited investors and institutions are tapping into venture markets in a big...
VC Investor Relations
VC investor relations, in the words of Fred Wilson of Union Square Ventures: “The VC’s ‘customer’ is the founder/CEO/portfolio company and our LPs investors are our ‘shareholders’. Frequency, regularity, and transparency are the key factors to focus on with investors.”
The Weekend Read:
"Index funds have come to dominate public markets. But the shift towards indexing is spreading ... across tech, careers, and culture too – in what I call the index mindset."
@absoluttig of @foundersfund
https://luttig.substack.com/p/indexmindset
John-Austin Saviano, former CIO of the Berkeley endowment also chimes in on the track record question:
"If it were as ... simple finding firms with 'great' track records, we’d all just pay for a good database and allocate accordingly."
https://cyancapitalpartners.medium.com/what-about-track-records-aa677fa1a4d2
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