@elonmusk please invent an AI robot that can put a paci back in a baby’s mouth in the middle of the night and maybe we’ll solve our populations problems #grokfortiredmoms
VC industry is not broken.
It’s perfectly fine. It just evolved - more global, more competition, quicker cycles, very big private generational companies, no longer a small tertiary asset class, Sovereign-like big Tech, and foundational to every country’s future.
And incredible new emerging talent in the VC space.
Anticipate and move.
LPs are writing bigger checks to fewer managers. DPI is king. Small funds are outperforming. Bridges are up, down rounds are common, and exits are slow. Discipline is in — and great funds will shine. Great report @PeterJ_Walker
https://t.co/9iZ1OXTEL3
@MeghanKReynolds Some institutional LPs we speak with seem more focused on access to co-invest earlier, i.e. tired of paying nosebleed valuations for Series B and beyond, and want more exposure to seed/series A co-invest at significantly reduced fees. Inherently increased risk with this dynamic.
@MeghanKReynolds Curious if you see fees playing a role here—an incentive for LPs to commit earlier and in larger size? Feels like momentum begets momentum in this business...
Some good data from Prequin that they presented at Super Return North America this week. A thread.
The average fund holds a first close in 6 months at about 50% of target. This hasn't changed over time.
But total time to raise is way up. 23 months...
@MeghanKReynolds@FinancialTimes Tough fundraising environment, but no surprise credit & infra are holding up—investors want stability. Are we near a bottom or is there more pain ahead? Likely depends on whether distributions pick up in 2025 🙏
Top of the wish list for anyone in sales / client management! Counting down the days until something like this becomes reality... 🚀 @iconnections_io@altcap
@thirdprimevc@everstarai Congratulations to @kevinkong91 and the Everstar team – we’re excited to support their mission to accelerate energy abundance. The future of nuclear is here. hashtag#earlystageinvesting hashtag#venturecapital
So the thing about having kids that I feel like no one says because it seems obvious, but before you have them it really isn’t:
You have to be home by 6pm pretty much every night. Like not most nights. Every night.
Imagine a 6pm curfew for the next 10 years. That’s little kids.
Given we opened our second office in Nashville believing it was one of the most overlooked venture markets in the country, we're not remotely surprised to see Nashville rocket into the Top 5. It feels like this is only the beginning.