Different.

How is your portfolio Different?

[OpenLP @Open_LP]

This report is a super unique contribution - shining light on an aspect of the VC ecosystem that is hard to get a view into.

Be sure to check out the full report for more analysis!

https://t.co/FEJwICwQB9

Thanks @lajump and the @DifferentFunds’ team!

[Different. @DifferentFunds]

New analysis uncovers multiple VC firm attributes that can indicate success: while spin-outs correlate with underperformance, partners with more experience prior to becoming VCs correlate with outperformance https://t.co/zunYA1vzPj

[Different. @DifferentFunds]

@federicoantoni @Samirkaji Each variable shows correlation in isolation. Analysis of how variables interact is much more complex and not discussed in this article

[Different. @DifferentFunds]

Over the last five years, the avg # of LPs for Funds IV+ rose 144%, compared to 72% for Fund Is. This has left the avg Fund IV+ with nearly 3 times as many LPs as the avg debut fund https://t.co/PoNNWSNgbl @oper8rio @cookie

[Different. @DifferentFunds]

Atlanta VCs have an above average tendency to target Cybersecurity, Supply Chain, Future of Work, and Logistics: see where else they invest https://t.co/ow4y6kPXoI @erinschilling85 @DanIngevaldson @GaTechCyber

[Michael Jackson @WorkMJ]

Analysis from @DifferentFunds shows that new funds spinning out of established funds, larger fund sizes, short to no career prior to VC, etc. all lead to underperformance.

https://t.co/BTs1COOqi0

[Different. @DifferentFunds]

The pattern match is broken: new analysis shows that Ive League grads and spin-out VCs are more likely to underperform than outperform https://t.co/zunYA1NaGR @ychernova @MKRocks @eringriffith

[Different. @DifferentFunds]

We paired performance data for VC funds with our venture database of 100+ variables across firms, funds, and GPs. See what actually correlates with performance https://t.co/zunYA1vzPj #openLP @beezer232 @SamirKaji @DanPrimack

[Different. @DifferentFunds]

In 2021 NYC VCs have attracted the highest avg # of LPs w/ ~110 LPs per fund. Bay Arrea is averaging 91 LPs per fund. Other geos are behind w/ an avg 74 LPs per fund https://t.co/PoNNWT4R2T @nvca @agoldfisher @ychernova

[Different. @DifferentFunds]

Over the last five years, the average number of LPs participating in a VC flagship fundraise has more than doubled to a figure of 86 thus far in 2021 #OpenLP https://t.co/PoNNWT4R2T @Beezer232 @Samirkaji @danprimack

[Valor VC @valorvc]

"If LPs who care about diversity begin redirecting their capital to the Atlanta market, boosting the AUM of the currently capital-constrained VCs... Atlanta could quickly lead the charge in improving gender and racial equity throughout the US." Read: https://t.co/q4FNkEXlkQ

[Different. @DifferentFunds]

32% of Atlanta VCs are women-led (where at least 1/3 of GPs are women) and nearly 23% are Black/Latinx-led; compare this to the US avg, where just 22% of VCs are women-led and just 10% are Black/Latinx-led @pauljudge @theohubs @lisa_calhoun @jewelmelanie
https://t.co/ow4y6kPXoI

[Different. @DifferentFunds]

The Atlanta VC Market Profile: home to ~30 VCs with $1.4B in AUM for their most recent funds, the Atlanta ecosystem is far above the US average for women-led and diverse-led funds @atlchamber @ATLTechVillage @jen_bonnett @rodneysampson
https://t.co/ow4y6kPXoI

[Different. @DifferentFunds]

Where Silicon Hills VCs invest: Consumer (34%), EdTech (28%), HealthTech (24%), Enterprise (21%), and AI/ML (21%), with notable tilts towards Wellness (17%), Synthetic Biology (10%) and elsewhere @seobrien @SiliconHillsNew @BrentWistrom #atx https://t.co/xl95ac33Sw

[Different. @DifferentFunds]

Unlike other emerging startup ecosystems, the median flagship fund in Austin is actually greater than that across the US ($72.5M in Austin vs $50M nationwide) @CapitalFactory @AtxStartupWeek @JacquelinesLife @doreenl https://t.co/xl95ac33Sw

[samir kaji @Samirkaji]

I sent a tweet about Opportunity Funds last week, here's a quick post on some thoughts on the growing trend and how to think about them. https://t.co/kYqnmCGQHP

[Different. @DifferentFunds]

The Austin VC Market Profile: while ranking just 10th in the US for # of VC firms, over 60% of those VCs have been founded since 2016, suggesting a fast growing local capital base cc @seats @JoshuaBaer @ClaireEngland @kerry_rupp https://t.co/xl95ac33Sw

[Different. @DifferentFunds]

VCs headquartered in Miami invest across 80 different unique sectors https://t.co/feGqzcT0p7 @davidrgoldberg @ajt @MelissaKrinzman

[Different. @DifferentFunds]

This year, debut VC funds are much more likely to target environment-related sectors, with 11% focusing on ClimateTech (vs 1% of non-debut funds). See where else these new VCs are investing https://t.co/AtTorpOsyV @GreenTechLady @Revkin @ychernova

[Different. @DifferentFunds]

There's early signal that debut (first-time) VC funds are returning after a challenging 2020. Here's what these newest firms look like and context on what the GPs must navigate https://t.co/AtTorpOsyV @KauffmanFellows @oper8rio @jramphis