🔥 Why Do 90% of Managers Fail Before Fund 3?
Most GPs never make it past their second fund.
But the real reason isn’t what you think… 👀
👇 Let me explain:
✅ Being a great investor ≠ being a great fund manager.
✅ Fund 1 & 2 are a grind — you lack track record + LP trust.
✅ By Fund 3, the majority are gone.
✅ Only the few who master durability, trust, and long-term discipline survive.
The paradox? The same power laws that make venture so exciting are what wipe out most managers. You don’t need to win every deal… you just need to survive long enough to catch the asymmetric ones. ⚡️
This is one of the most important conversations I’ve had on the podcast. @conradshang, founder and managing partner of Ensemble VC and former UTIMCO allocator, breaks down exactly why the drop-off is so steep… and what it takes to defy the odds.
Special shoutout to Britt Harris, whose leadership and vision played a pivotal role in institutionalizing UTIMCO’s growth. Conrad credits Britt for helping transform the endowment into one of the most sophisticated and forward-thinking investment organizations. 👏
#VentureCapital #PrivateEquity #Investing #LPs #GPs
Link to Podcast in Comments Below 👇
🚢 Exciting News! Ensemble is thrilled to announce our investment in Saronic's Series A round, alongside stellar investors, including Caffeinated Capital, 8VC, a16z, and Lightspeed. 🌟 Let's dive into why we're backing Saronic's mission to redefine US maritime superiority. (1/9)
Very excited to announce our Series A investment in @blueprint_hq, a tech platform that helps mental health clinicians provide the highest-quality care and improve outcomes for patients.
https://t.co/X4Qsyhv6ZV
1/ Investing in early stage startups is all about finding outstanding teams with a big mission. At @ensemblevc, we proactively build relationships with founders well before they're thinking about fundraising.
5/ We provide founders with in-depth, independent reports on their senior leadership team to help identify gaps and opportunities for growth. Our founders find this essential to their success.
At @EnsembleVC (data driven early-stage VC), we are hiring a VC Associate (based in SF, NYC, or Austin) to join us - we are looking for someone that loves meeting founders, sourcing new investments, and running hard! Apply here: https://t.co/D3NfapqbJI
As founders continue modifying their talent strategies in response to the latest market news, we'll continue leveraging our proprietary data platform to share insights on talent movement in the tech ecosystem. Check out our initial research findings!
https://t.co/ZrLKgvlS3O
“We’re democratizing luxury, something that was impossible to access for many people,” says @swimply CEO and co-founder @LaskinBunim Laskin https://t.co/7psEpsY3up
It's actually incredibly nuanced (degree, major, startup sector focus, etc.) but I am glad to see @UTAustin as one of the top schools for funded founders
https://t.co/0Zr1g6f1iD via @crunchbasenews
Pumped that @ensemblevc is supporting @ecosapiensxyz and our friend @NiharNeelakanti. @ecosapiensxyz has a mission to enable consumers to fight climate change, starting with the world's first perpetual carbon-capture NFT
Welcoming Two New Team Members! — Ensemble VC - Ensemble | Expert Advisors for Functional & Strategic Expertise for Team & Operational Optimization https://t.co/oXVivwP2HN