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New video: How Private Equity and VC Investors Increase Portfolio Company Success

I just spoke at the London Business School Multiple:X conference Friday on How Private Equity and VC Investors Increase Portfolio Company Success, based on my Journal of Private Equity research study. I've embedded below my presentation and the video.   [...continue reading]

Should you give an anchor investor a stake in your fund’s management company?

Raising capital for a new fund is always hard. Should you give preferential economics or other benefits to a seed anchor investor, who makes a material commitment to the fund?  These “VCs for investment management companies” are also known as GP Stake investors or fund platforms.  According to [...continue reading]

Should Small Emerging Managers Use Placement Agents?

The pros and cons of choosing a placement agent for small funds It would make life a lot easier for emerging managers if they could outsource the entire fundraising process. But can you? Empirically, few small emerging investment managers hire placement agents, particularly in venture capital. [...continue reading]

15 Steps to Fundraising for Your New Venture Capital or Private Equity Fund

Launching is easy; fundraising is harder. I’ve been fortunate to be a Partner at two different VC firms over the past 9 years, and we’ve grown AUM 10X both times. If you take the fifteen steps below, you’ll have the core of a high-performing fundraising and investor relations function.  Build [...continue reading]

Flexible VC, a New Model for Companies Targeting Profitability

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. His work on VC and small communities can be found at greatercolorado.vc/blog. ) This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control II: [...continue reading]

New video: Asset Managers, Prepare to Have Your Business Disrupted

I have posted below the video from a presentation I gave recently on “Asset Managers, Prepare to Have Your Business Disrupted”. My coauthors for the first iteration of this research were Katina Stefanova (CEO/CIO, Marto Capital; former management committee at Bridgewater Associates) and Brent [...continue reading]

Venture capitalists eating our own dog food: Using technology and analytics to make better investments

(To see the video above, please click the image, and then click on the Play button.) Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job.  When I was single, I registered for (a lot of) dating websites. When I met [...continue reading]

Who is building the Renaissance Technologies of Private Markets?

The AIR Summit ("Alpha Innovation Required") just posted the video and slides from my keynote on, "Who is building the Renaissance Technologies of Private Markets?" (To see the video, please click the image below, and then click on the Play button.) I wrote a detailed paper on this here. [...continue reading]