Chris Hjelm

Partner and Head of Data @ Connetic Ventures - Multi-Time Founder - Former Fund Manager and Trader. I talk stocks and startups.

[Chris Hjelm @MintCapital3]

@awrigh01 @AngelList There are several 40 act VC funds

interval funds:
Ark venture fund
Cashmere fund
Connetic venture capital access fund
Private shares fund

closed end fund:
Fundrise innovation fund
Robinhood ventures fund

tender offer funds:
Stepstone venture fund
Hamilton Lane venture fund

[Chris Hjelm @MintCapital3]

@SHistorians $1025

[Chris Hjelm @MintCapital3]

@SHistorians $975

[Chris Hjelm @MintCapital3]

@SHistorians $500

[Chris Hjelm @MintCapital3]

@alexisohanian Love other VCs working on this! We (@conneticVC) have been doing it for 4 years: https://t.co/1Tpv3BnoNK

Our software acts as our analyst, completely focused on due diligence and nothing else in process yet . Working on expanding scope of work.

[Chris Hjelm @MintCapital3]

I’ll bite…. Best new to me golf courses of 2023

1. Oak hill
2. Inverness
3. Shadow Creek
4. Kingsley Club
5. Honors
6. Moraine
7. Lookout mountain
8. Franklin Hills
9. American dunes
10. Pete dye river course

Gonna be hard to top in 2024 but I’m going to try!

[Chris Hjelm @MintCapital3]

@ericbahn Easier maybe from an operationally perspective. But building a VC firm (not fund) is more painful imo. Timelines are stretched out much longer and fundraising is just as hard if not harder. I’ve done both startup and VC.

[Chris Hjelm @MintCapital3]

@julesterpak @Humane This feels like an SNL skit. Probably worth checking out the last 10+ @Airbnb demo videos

[Chris Hjelm @MintCapital3]

@markgreerod That’s amazing. I’ve got 30 on the list. 60+ on the top 100 public. Playing honors and oak hill in the next 4 weeks. Very excited. Where you get that magnetic display made? Or is that at a club?

[Chris Hjelm @MintCapital3]

@HarryStebbings You should do a series that dives into how funds value their holdings. That would be epic. I’ve seen individual holdings range from initial value to 30x among investors in the same round.

[Chris Hjelm @MintCapital3]

@dafrankel This is all true… but average time to exit has nearly tripled in last few decades. Average time to exit is now 12-16 years. VC is the ultimate long game.

You also don’t have to wait for downturns to find good deals. Just need to look outside of the coasts and YC classes.

[Chris Hjelm @MintCapital3]

@HarryStebbings AI VC analyst that conducts quantitative diligence on founder and team personalities to rank and prioritize investment recommendations to human VC

[Chris Hjelm @MintCapital3]

@NeilThanedar VCs could also do the legwork of other asset classes and become registered funds. This would allow for all Americans to participate in asset class. And RIAs could introduce VC into asset models having the largest impact on increase in startup funding. Space is about to blow up 😉

[Chris Hjelm @MintCapital3]

ChatGPT is like an air fryer. You make fun of everyone that’s using it… until you do. Then it changes your life forever.

[Chris Hjelm @MintCapital3]

@alexisohanian @sevensevensix We have an AI diligence analyst that filters and sorts deals, automatically passing on 90%. Cerebro should meet Wendal. Would be a powerful duo!

Check out our public facing data page here: https://t.co/aK5BV9yZnD

[Chris Hjelm @MintCapital3]

@HarryStebbings 100% and the data supports it. Founders that were dumped in high school are nearly 2x more likely to be successful.

Check out @conneticVC if you want more data driven insights on VC and startups

[Chris Hjelm @MintCapital3]

@AftabPureval @Bengals Mahomes wife and brother aren’t looking so bad right now… smh

[Chris Hjelm @MintCapital3]

Great alt data @JPMorganAM

VC data looks nasty but there are positive signals if you are price sensitive early stage VC

1. Despite drop in exits, business formation remains at ATHs
2. Nearly 75% of PE deals occur <$100m (entry price matters)
3. Buyout activity remains at ATHs

[Marcelino Pantoja @marcepntoja]

Venture capital return dispersion will soon break into negative territory for the bottom quartile

2022 will likely be a negative return year for venture

Finally, both private equity and venture exits are down significantly because IPOs have practically disappeared

[Chris Hjelm @MintCapital3]

@jackmcclelland @AforeVC @NightVentures_ @EniacVC @January_VC @2048vc @HustleFundVC @HarlemCapital @KaporCapital @UnshackledVC @OverlookedVC @PitchVC_ @OpenVC_ @conneticVC we go beyond typeform and built our own software and AI analyst, Wendal, that says yes (10%) or no (90%) without human interaction. We’re 6 months out from automatic yes (pending background check)