Brand and AUM: How I think about “Brand” and its relation to fund size

Brand is arguably the only thing that resembles a moat in traditional venture capital. The venture capital flywheel archetype is pretty simple: pick and invest in great companies and founders, supp...

A mental model for evaluating VC funds

At the highest level, there are six dimensions of evaluation that I use as part of my framework for investing in venture managers:...

Understanding Portfolio Construction

One thing that emerging managers are often tasked with is building a fund model. LPs often ask for a fund model because it forces a manager to think through portfolio construction including fund size,...