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Get the Final Draft of Our Paper on Disruption of the Asset Management Industry

I’ve mentioned previously that I’m working on a research study on disruption of the asset management business.  We are now sharing the final draft of our research study  with reviewers.  If you’d like to take a look, please send me your email ASAP.   My co-authors are Katina Stefanova (former [...continue reading]

Seeking Investors to Participate in Study on Disruption of Asset Management

I’ve written in the past on how the investing industry is overdue for disruption.  I’m now launching a research project to better understand the emerging investment opportunities. We are seeking Partner-level investment professionals at hedge funds, mutual funds, VCs, sovereign wealth funds, pension [...continue reading]

Design Your Company Culture Like The World’s Largest Hedge Fund

Ray Dalio, Founder of Bridgewater Associates, the world’s largest hedge fund, is a man after my own heart.  A few years ago he publicly set down his core Principles for living, managing, and investing.  Bridgewater uses these codified rules for recruiting, training, and most important, managing the [...continue reading]

How To Disrupt The Investing Business, With Katina Stefanova (Ex-Bridgewater Management Committee)

I had a conversation recently about the investing business with Katina Stefanova, who recently left Bridgewater, the largest hedge fund in the world. I’ve always had great respect for Bridgewater, which unlike most investing organizations realizes just how critical processes and culture are to [...continue reading]

Why Some Investors Are Happy with Lousy Returns

My recent post on “Asset Management is a Bizarre Industry Ripe for Disruption” got one of the most interesting reactions I’ve received.  Among the more thoughtful respondents was Terri Chernick, Chief Investment Officer, The Koffler Group.  We had an email conversation about the rationality, or lack [...continue reading]

Asset Management Is A Bizarre Industry Ripe For Disruption

Since I became an institutional investor, my #1 learning is: this is a highly unusual and somewhat baffling industry.  Asset management shows the traditional earmarks of an industry ripe for disruption -- most obviously, unhappy customers and extremely profitable incumbents.  Despite this, it’s [...continue reading]

ff Venture Capital Is First VC Fund To Raise Capital Under The JOBS Act

ff Venture Capital has consistently generated a gross IRR on invested capital in excess of 30%, in a world where the average ten-year returns for venture capital firms are in the single digits.   But, historically we couldn’t say that it in a public setting.  Now we can. Software is eating every [...continue reading]

Best Practices of VCs and Private Equity Funds in Deal Sourcing

I have a presentation coming up in August on best practices of VCs and private equity funds in deal origination. You've surely seen lots of talks on how entrepreneurs can raise capital; the question I'm exploring is the reverse, which is how investors can find potential investments. If you have [...continue reading]

How to Scale Early-Stage Investing

Before making the decision to join ff Venture Capital, I did some research on early-stage tech investing as an asset class and how it’s evolving. What was striking was what an attractive asset class it was. Although any given early-stage company is quite risky, when aggregated across a large [...continue reading]

Venture Capitalists and the Upside-Down Pyramid

In response to my post on VC's increasing use of operationally focused team members, HBS professor Noam Wasserman sent me an excerpt of his dissertation on 'The Venture Capitalist as Entrepreneur: The Characteristics and Dynamics Within VC Firms'. A key point he makes in this paper is that, "Most [...continue reading]

HBS Club of CT, Nov. 19 event: Private Equity Operating Executives Panel with Goldman Sachs, General Atlantic, CVC Capital

The Harvard Business School Club of Connecticut invites you to a Panel Discussion on It's the People: Improving Private Equity Portfolio Company Valuations by Working with Operating Executives Bush-Holley Historic Site 39 Strickland Road, Cos Cob, CT [...continue reading]

Managing the Online Identify of a Venture Capital/Private Equity Firm

Seth Levine has posted the slides from his portion of Thomson Reuters Buyouts recent webinar on "Boosting Returns with Web 2.0 Technology". Also, Buyouts magazine has posted a detailed summary of the panel. You can get a sense of my slides on the deal origination page of my site. [...continue reading]

Venture Capital and Private Equity Funds’ Use of CRM

Paul Greenberg just posted a summary I wrote of how private equity and venture funds are using CRM at his blog. I've cross-posted it here: Paul asked me to write a brief summary of the findings of my research on Best Practices in Private Equity and Venture Capital Deal Origination. [...continue reading]

Asset Managers and How They Power Their Businesses with Salesforce CRM

For our research project on VC/private equity deal origination, Renny Monaghan of Salesforce pointed me to a 2008 Dreamforce panel on Asset Managers and How They Power Their Businesses with Salesforce CRM. The video and Powerpoint are downloadable here. My notes follow. I think [...continue reading]