Today I’m debuting Parable.
Successful companies make the impossible, inevitable. Their stories live long enough to become parables that inspire generations.
We’re excited to announce Sunflower Capital Funds I and II. Sunflower is a $250m fund that partners at the earliest stage with companies building foundations for modern enterprises, critical industries, and the physical world.
Fundraising as a General Partner is more competitive than ever, making it essential to differentiate yourself from the crowd.
In our upcoming Sydecar Session, you'll learn what LPs look for in a pitch and how to stand out with and beyond the slide deck. Our panelists include Jamie Rhode (@Lady10x), Partner at Screendoor, and Benedikt Langer, founder of Embracing Emergence and seasoned investor with experience in VC and private lending.
Join us on Wednesday, February 19th at 3P ET as we discuss positioning your unique edge, building a compelling personal brand, crafting meaningful updates, and leveraging your network effectively. Whether you're actively raising funds or preparing for the future, this webinar will provide you with practical tools to leave a lasting impression.
Sign up today: https://t.co/Z0dzhNYREN
Over the past 2.5 years I have put my head down and focused on what I know to be true - there are few fantastic dedicated early stage firms and even fewer that you have ever heard of. Perhaps this firm could be both. https://t.co/qknD7O9EgC
@daveclark85 Have you run a Pearsons correlation between year 5 TVPI and year 10 TVPI? Be curious, I would assume not correlated, but be interesting to see if there is a point in time with strong predictive power.
@daveclark85 Agreed! IRR is noisy, TVPI is correlated to DPI. If you are looking for significant DPI before year 6, early-stage VC is not for you, look to other asset classes like Buyout. Compounding capital for long periods of time lead to outsized returns. Duration is a feature not a bug!
🚨🚨 This week @Jason and I host @Lady10x Jamie Rhode, CFA of @screendoorvc and Matthew Mulvey of Liquid 2 Ventures.
We discussed the Top 5 VC funds raised, return of venture capital DPI, and Sequoia’s offer to LP’s
Link to the episode below 👇
📬 The June #OpenLP newsletter is out, highlighting perspectives from LP & GP voices across the venture ecosystem on key topics, such as:
- Investing in Top Emerging Managers
- The Differentiation for GPs Nobody Talks About...
- The Series A Crunch or the Seedpocalypse of 2024
- Fundraising Basic Formula
- The Vintage Year Power Law
- The Grand Reset: VCs and LPs Are Starting To Internalize Reality
+ much more...
👇 Subscribe to get the next one at the link in the comments.
🙏Thank you to this month's contributors:
@Lady10x, @DWeisburd, @Samirkaji, @ttunguz, @MeghanKReynolds, @fintechjunkie, @joannaruppuc, @Kyle_L_Wiggers, @thebenbergman, @_RosieBradbury, @mikeeisenberg, @nchirls, @beezer232, & @maddierenbarger
Ever wondered about the landscape of early-stage venture capital? Our recent guest on the 10X Capital Podcast, @Lady10x, shared some mind-boggling insights: out of 845 unicorns, only 3 funds have been in more than 3% at the seed stage. What does this mean? The VC world is incredibly fragmented at the seed stage.
Jamie goes on to point out an interesting trend. Out of those 850-ish unicorns, 70% have had underdog founders - immigrants, women, people of color. Even more intriguing, 30% of these unicorns had at least one founder who isn't white. This isn't just a statistic, it's a testament to the power of diversity and the potential it holds.
But what does this mean for venture capitalists and their limited partners? It demands a shift in perspective. It's time to think and invest differently. The success stories aren't confined to a certain demographic or a specific geographical location anymore. The underdogs are rising, and they're bringing forth a wave of innovation that's truly remarkable.
Tune in to episode 72 of the 10X Capital Podcast to hear more of Jamie's insights on investing in top emerging managers. Let's broaden our horizons together.
🎙 On today’s episode of the 10X Capital Podcast, @Lady10x , Partner at Screendoor and I discuss Screendoor’s strategy of backing top emerging managers, as well as:
1️⃣ Friction points between LPs and emerging managers
2️⃣ Leveraging insights from GPs and LPs in manager selection
3️⃣ How to diligence a first time fund
Video clip below - Sound on.
Click “+ Follow” by my name to see more clips.
P.S. Link to full episode in comments.
#VentureCapital #VC #Startups #OpenLP @TurpentineMedia @10XCapitalVC
@daveclark85 It’s why the median (middle number, 50%) return of early stage VC isn’t very attractive… and why doing only a handful of funds gives you a high probability of capturing the median. 80% of the return comes from ~ 20% of the Funds.