Shows
Origins - Inside Venture Capital, Hosted by a GP and an LPMinisode: Are Major Incumbents Finally at Risk in the Age of AI?Origins hosts Nick Chirls, GP at Asylum Ventures and Beezer Clarkson, LP at Sapphire Partners and co-founder of OpenLP, dig into their recent conversation with Will Manidis, SVP at Veradigm AI. They discuss the risks AI introduces to tech incumbents, and its potential to reshape both the healthcare system and improve patient outcomes.Learn more about Sapphire Partners: sapphireventures.com/sapphire-partnersLearn more about OpenLP: openlp.vcLearn more about Asylum Ventures: asylum.vcLearn more about Veradigm: veradigm.com/Subscribe to the O...2025-07-2207 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMerchant Banks: Venture’s Next Act with Will ManidisBefore he sold his company to Veradigm, Will Manidis’s Science.io developed an AI model that allowed doctors to translate mountains of medical documents into usable data to improve patient outcomes. Today Will is the SVP of AI at Veradigm, and he sits down with Nick and Beezer to discuss how AI is impacting healthcare, how we can develop health systems with better outcomes, and what the future of venture might look like when compared to traditional merchant banking.Learn more about Sapphire Partners: sapphireventures.com/sapphire-partnersLearn more about OpenLP: op...2025-07-0843 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: Innovation Energy And the Future of BiotechOrigins hosts Nick Chirls, GP at Asylum Ventures and Beezer Clarkson, LP at Sapphire Partners and co-founder of OpenLP, unpack their conversation with Zach Weinberg, Co-Founder and CEO of Curie.Bio. They discuss the “innovation energy” that drives new breakthroughs and take a closer look at Sapphire’s approach to biotech investing.Learn more about Sapphire Partners: sapphireventures.com/sapphire-partnersLearn more about OpenLP: openlp.vcLearn more about Asylum Ventures: asylum.vcLearn more about Curie.Bio: curie.bioSubscribe to the OpenLP...2025-06-1711 minOrigins - Inside Venture Capital, Hosted by a GP and an LPBuilding The YC of Biotech with Zach WeinbergZach Weinberg, co-founder and CEO of Curie.Bio, is redefining early-stage biotech investing with an operator’s mindset and a founder-first philosophy. His approach combines funding with operational support and direct access to world-class drug hunters to dramatically increase odds of success. Today, Zach sits down with Nick Chirls, GP at Asylum Ventures and Beezer Clarkson, LP at Sapphire Partners to discuss the massive risk associated with traditional therapeutics startups, how pairing a drug discovery partner with a seed investor solves those inefficiencies, and how biotech, the global economy and the political landscape are all closely connected....2025-06-0358 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: How Novel Strategies Become the Venture Industry’s StandardOrigins hosts Nick Chirls, GP at Asylum Ventures and Beezer Clarkson, LP at Sapphire Partners and co-founder of OpenLP, unpack their conversation with Theory Ventures’ Tomasz Tunguz, discussing how strategies that once set firms apart – like pre-seed or founder-centric investing – become industry standards over time. They dive deep on counter-positioning, adaptability, and the power of differentiation in today’s venture world. CHAPTERS:(0:00) Welcome to Origins(1:14) Is Tomasz an n=1?(5:51) How Do Firms Stay Relevant?(9:12) Do Founders Like Counter-Positioning?(11:50) Who Is An Emerging Manager/Nick’s Next Career2025-05-2013 minOrigins - Inside Venture Capital, Hosted by a GP and an LPAI Agents Will Supercharge the Future of VC with Tomasz TunguzTomasz Tunguz, Founder of Theory Ventures, is widely recognized for his analytical approach to venture investing. Now, he’s building Theory with a philosophy rooted in research and data-driven decision-making. Tomasz sits down with Nick Chirls, General Partner at Asylum Ventures and Beezer Clarkson, LP at Sapphire Partners and co-founder of OpenLP, to discuss spinouts and succession in established firms and the value of running high-risk, high-reward experiments at specialist firms like Theory. Tomasz also shares his belief that investors will need to adapt to a future where asking the right questions of LLMs will be critical for success.2025-05-0640 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: Franchise Funds: Index Ventures & Picking Winners EarlyOrigins host Beezer Clarkson sits down with her colleague Nate Leung, fellow LP and Partner at Sapphire Partners, to riff on her recent conversation with Nina Achadjian, Partner at Index Ventures. Together, Beezer and Nate walk through the steps Index took to become a franchise - the decisions they made and the mistakes they avoided, plus the firm’s ability to pick excellent companies early. They discuss the edge GPs gain by investing with a broader purpose, as well as the LP POV on the need for distributions and consolidation in 2025.Learn more about Sap...2025-04-2210 minOrigins - Inside Venture Capital, Hosted by a GP and an LPInside the ServiceTitan IPO with Nina AchadjianNina Achadjian is a Partner at Index Ventures, where she invests across seed, venture, and growth stages in AI, enterprise software, and vertical SaaS. She sits down with Beezer Clarkson, LP at Sapphire Partners, and the two discuss Nina’s predictions for M&A in 2025, the importance of product market fit and what Nina looks for in a new hire. Plus, the two dig into Index’s recent IPO with ServiceTitan, and how they managed a high-profile exit in the difficult IPO market of 2024.Learn more about Sapphire Partners: sapphireventures.com/sapphire-partnersLear...2025-04-0843 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: Franchise Funds: Is Venture Broken?Origins host Beezer Clarkson sits down with her colleague Laura Thompson, fellow LP and Partner at Sapphire Partners, to riff on her recent conversation with Thomas Kristensen, Partner at LGT Capital Partners. Together they discuss 2025’s sluggish exit market, and whether or not that’s a sign that venture is broken. They also discuss the importance of reinventing yourself to stay current with the market - even though LPs don’t love big changes - and if emerging managers can use founder product connectivity to their advantage. Learn more about Sapphire Partners: sapphireventures.com/sapphir...2025-03-2512 minOrigins - Inside Venture Capital, Hosted by a GP and an LPFranchise Funds: Is Being a VC Franchise the Ultimate Goal with Thomas KristensenThomas Kristensen, Partner at LGT Capital Partners, has decades of experience backing the top players in venture, but as an LP, doesn’t love the term "franchise fund.” He sits down with Bezer Clarkson, Partner at Sapphire Partners, to discuss why GPs can’t rest on their laurels, that being a franchise shouldn’t be every VC’s ultimate goal, and how LPs can dig deep to find firms with a great founder product– and avoid ones that may look like franchises but could have already peaked. The two also share their predictions for 2025 exits and why they think a lot of foun...2025-03-1142 minOrigins - Inside Venture Capital, Hosted by a GP and an LPRevisiting Power Law VC Performance with David ClarkBeezer Clarkson, LP at Sapphire Partners, revisits her conversation from 2023 with David Clark, Investment Director at VenCap International plc. In this episode, she and co-host Nick Chirls, Partner at Asylum Ventures, dive into David’s nearly four decades of experience in investing in some of the most established VC funds across the US, Europe, China and India. David shares historical figures on where to find performance in venture and his findings from a recently uncovered 30 year trove of data from 400+ funds with 15,000+ underlying portfolio companies. In this data set, he found that 50% of VC investments don’t actually return capi...2025-02-2056 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: Franchise Funds: Grading PerformanceOrigins host Beezer Clarkson sits down with her colleague Laura Thompson, fellow LP and Partner at Sapphire Partners, to unpack her recent conversation with Jessica Archibald, a GP at Top Tier Capital. They discuss Jessica’s engineering-based analytical approach to answering the question “what makes a franchise?” and discuss some surprising things they learned - Jessica’s view that there’s only one real way to do succession, the importance of breaking good and bad news in a way that creates a performance culture, and whether or not they’re going to adopt Jessica’s policy of assigning letter grades to fund...2025-01-2222 minOrigins - Inside Venture Capital, Hosted by a GP and an LPFranchise Funds: Metrics To Be Extraordinary with Jessica ArchibaldJessica Archibald is a GP and member of the Investment Committee at Top Tier Capital Partners, where she is co lead of the funds team and participates extensively in the capital formation efforts of the firm. She and Beezer Clarkson, LP at Sapphire Partners, sit down for the next episode in this miniseries on franchise funds - what it takes to build one, and how some firms lose their franchise status. Jessica digs into Top Tier’s numbers to discuss the importance of getting reliable DPI in a set timeframe, why it’s often better to bet on consistent 3x or...2025-01-0853 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: Franchise Funds: Why do LPs & Founders Care?Origins host Beezer Clarkson sits down with her colleague Laura Thompson, fellow LP and Partner at Sapphire Partners, to discuss her recent conversation with Stephen Bluestein, Partner of Primary Investments at Adams Street and formerly Packard Foundation, about what it takes to make (and potentially later break) a franchise fund in venture. Together, Beezer and Laura debrief their top takeaways, including: do the hallmarks of a franchise differ between GPs and LPs (or even amongst different LPs); how does a franchise produce a lights-out 5x or 10x fund at their fund size; is a consistent 2x net good enough...2024-12-1717 minOrigins - Inside Venture Capital, Hosted by a GP and an LPFranchise Funds: Becoming (and Remaining) One with Stephen BluesteinStephen Bluestein has had an impressive career in Venture, beginning at Bessemer Venture Partners before moving to TCV, Light Street Capital, and the David and Lucille Packard Foundation, before landing in his current role as a partner in the primary investment team at Adams Street Partners. He sits down with Beezer Clarkson, LP at Sapphire Partners, to discuss what makes a fund a franchise. They discuss the importance of building and maintaining a brand that stands for something in the market, making investments that are consistent with your philosophy, and together, they zero in on the tipping point of...2024-12-1050 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: Building Google & Betting Big: Lessons from Wesley ChanNick Chirls, GP at Asylum Ventures, and Beezer Clarkson, LP at Sapphire Partners go deep into their recent conversation with Wesley Chan, the Co-Founder and Managing Partner of FPV Ventures. They unpack Wesley’s direct learnings from Sergey Brin coming up at Google, how it is the job of the investor to spot greatness, his views on company pivots (and how they oppose another recent guest, Mike Maples’ views on pivots), the difficulties of thinking independently in Silicon Valley, and the serendipitous way Wesley and Sapphire Partners wound up working together in the first place. Plus Nick, it turns out...2024-11-2615 minOrigins - Inside Venture Capital, Hosted by a GP and an LPFinding Founders Who Will Change the World with Wesley ChanWesley Chan is a true legend in Silicon Valley. He spent time at Microsoft and HP, and in 2002 he jumped to Google. There, he worked as Sergey Brin’s Chief of Staff and founded Google Analytics and Google Voice - all before then founding and leading the seed investing program at Google Ventures as GP. Under his tenure, GV was the first institutional check into companies like Plaid, Gusto, Lucid, and Robinhood. Wesley sits down with Nick Chirls, GP at Asylum Ventures, and Beezer Clarkson, LP at Sapphire Partners, to discuss his investment philosophy and what motivates him. Wesley dis...2024-11-1342 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: Seed vs Growth Investing - What Changes and What Stays the SameNick Chirls, GP at Asylum Ventures, and Beezer Clarkson, LP at Sapphire Partners, unpack their recent conversation with Jai Das, President + Partner at Sapphire Ventures and Mike Maples, Co-Founder + Partner at Floodgate, to answer their burning question: What changes in the way seed and growth investors think, and what stays the same? They discuss the crushing importance of team no matter the stage; the parallels in LP land (at the end of the day, you’re just backing people); the difference between small iterations on a business model vs a radical remaking of a company; and the imperfect information you...2024-10-1518 minOrigins - Inside Venture Capital, Hosted by a GP and an LPFinding Pattern Breakers & Winners from Seed to Growth with Mike Maples and Jai DasWith a few dozen software exits under his belt (including Box, Square, Mulesoft & JFrog), nobody knows enterprise investing like Sapphire Ventures’ President + PartnerJai Das. Likewise, Floodgate co-founder + Partner Mike Maples Jr. is often credited with pioneering seed investing as we know it, with names like Twitter, Twitch and Lyft in his portfolio. Together, they join Nick Chirls, GP at Asylum Ventures, and Beezer Clarkson, LP at Sapphire Partners, to share how they pick winners at their respective stages. What does it take to spot someone who sees the future before it’s here? How do inflection points like AI impac...2024-10-0148 minOrigins - Inside Venture Capital, Hosted by a GP and an LPComing Soon to Origins…A look at what’s to come on a brand new season of Origins, where we’ll dive into the VC ecosystem with the people who know it best, to learn how the people behind the capital really make decisions.
Learn more about Sapphire Partners: https://sapphireventures.com/sapphire-partners/
Learn more about Asylum Ventures: asylum.vc2024-09-2401 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: Jack Altman’s VC Career Arc and the Launch of Asylum VenturesNick Chirls, GP at Asylum Ventures, and Beezer Clarkson, LP at Sapphire Partners, go inside their recent conversation with Alt Capital’s Jack Altman to answer their burning question: What does the journey look like from VC-backed founder to angel investor to institutional VC? How does one successfully jump from investing their own capital to taking on LP dollars? Where is Jack comfortable taking bigger bets? Plus, the two of them go in-depth for the very first time on Nick’s new firm, Asylum Ventures.
Learn more about Sapphire Partners: https://sapphireventures.com/sapphire-partners/
...2024-09-1725 minOrigins - Inside Venture Capital, Hosted by a GP and an LPFrom VC-backed Founder to Angel to Institutional Investor with Jack AltmanJack Altman of Alt Capital has led quite a life in Silicon Valley. He’s gone from angel investing to founding a venture-backed company (HR platform Lattice), back to angel investing today, taking on outside capital as an institutional investor at Alt Capital. Jack sits down with Nick Chirls, GP at Asylum Ventures & Beezer Clarkson, LP at Sapphire Partners, to discuss learnings from his impressive career arc, including how to build a reputation by avoiding zero sum games, making decisions quickly as a founder, the differences in investing your own money and someone else’s, how to build a track...2024-09-1047 minOrigins - Inside Venture Capital, Hosted by a GP and an LPMinisode: What’s the Real Value Add of VCs?Nick & Beezer go inside their recent conversation with Jason Shuman and Will Quist to discuss the right way to be a contrarian investor, how to do no harm as a VC, and dive into the answer to their burning question: do VCs actually add value?
Learn more about Sapphire Partners: https://sapphireventures.com/sapphire-partners/
Learn more about Notation Capital: https://notation.vc/
Learn more about Primary: https://www.primary.vc/
Learn more about Slow Ventures: https://slow.co/2024-08-2008 minOrigins - Inside Venture Capital, Hosted by a GP and an LPBeing Non-Consensus and Right in VC with Jason Shuman & Will QuistWhat do Primary GP Jason Shuman and Slow Ventures Partner Will Quist have in common? At first glance, not much, given how differently their firms approach firm building and VC "platforms." At Primary, their Impact team outnumbers investors 2:1, while Slow consists of 3 GPs, and 3 GPs only. But in a surprising twist, they agree on more than one would expect.
They both see non-consensus investing as carrying big risk but also big opportunity. They are both seed investors and their respective firms go to market in very different ways. They sit down with co-hosts Nick C...2024-08-0639 minOrigins - Inside Venture Capital, Hosted by a GP and an LPEndowment Investing with University of Chicago’s Joanna RuppJoanna Rupp, Managing Director of Private Equity at the University of Chicago, sits down with Nick & Beezer to shine a light on the often opaque world of endowments, including what separates an endowment from a foundation, how they consider small funds v. big funds and the fallout from an avalanche of capital being thrown at VCs. Then (announcement!) Joanna and Beezer evaluate Nick’s new venture fund - the key pieces of diligence, what he needs to prove in the next few years for another investment, how to build a relationship with his LPs, and more.
...2024-06-2738 minOrigins - Inside Venture Capital, Hosted by a GP and an LPThe Three Body Problem of Venture Capital w/ Frank Rotman (CIO, QED Investors)Nick and Beezer sit down with Frank Rotman, a founding partner and CIO at QED Investors to talk about his early days as the chief credit officer of Capital One, the fundamental flaw in the way founders and investors have been funding startups, the purpose associates serve and how those associates can better their skills, and how VCs can avoid being left in the exhaust of larger firms.
Learn more about Sapphire Partners: https://sapphireventures.com/sapphire-partners/
Learn more about Notation Capital: https://notation.vc/
Visit QED Investors’ website: https://www.qedinvestors.com/...2024-05-3043 minOrigins - Inside Venture Capital, Hosted by a GP and an LPBuilding a venture firm w/ Scott Kupor (a16z)In the first Origins episode of the year, Nick Chirls (Notation Capital) and Beezer Clarkson (Sapphire Partners) host Scott Kupor, a Managing Partner at Andreessen Horowitz.
In his role as managing partner, Scott invests in growth-stage companies building in the bio and healthcare industries, manages the firm’s investor relations team, and is responsible for the firm’s growth initiatives.
Scott was the first employee at Andreessen Horowitz and managed the firm’s growth from $300 million in AUM to more than $30 billion. Prior to joining the firm, Scott worked as vice president and general manager of software-as...2024-03-1952 minOrigins - Inside Venture Capital, Hosted by a GP and an LPPower Law VC Performance with David Clark (VenCap)In the last Origins episode of the year, Nick Chirls (Notation Capital) and Beezer Clarkson (Sapphire Partners) host David Clark, Investment Director at VenCap International plc.
With nearly four decades of experience in investing, David has backed some of the most established VC funds across the US, Europe, China and India and shares historical figures on where to find performance in venture. David recently uncovered 30 years of data from 400+ funds with 15,000+ underlying portfolio companies and found that 50% of VC investments don’t actually return capital. So how does an LP unlock performance and find the enduring managers?...2023-12-1356 minOrigins - Inside Venture Capital, Hosted by a GP and an LPQ4 Market Predictions w/ Ed Sim (Boldstart) & Seyonne Kang (StepStone)In this episode of Origins, Nicholas Chirls (Notation) and Beezer Clarkson (Sapphire Partners) host Ed Sim, founder of Boldstart and Seyonne Kang, Partner at StepStone.
Ed is the founder of boldstart ventures, a day-one partner and true believer for developer first, enterprise infra, & SaaS founders. He is currently a board member/observer of Snyk, Blockdaemon, Kustomer (sold to Meta), BigID, Protect AI, Env0, among many others.
Seyonne is a member of the private equity team, focusing on venture capital and growth equity investments. Prior to StepStone, she was a partner with Greenspring Associates, a venture...2023-10-031h 04
Origins - Inside Venture Capital, Hosted by a GP and an LPQ4 Predictions w/ Ed Sim (Boldstart) & Seyonne Kang (StepStone)In this episode of Origins, Nicholas Chirls (Notation) and Beezer Clarkson (Sapphire Partners) host Ed Sim, founder of Boldstart and Seyonne Kang, Partner at Stepstone.
Ed is the founder of boldstart ventures, a day-one partner and true believer for developer first, enterprise infra, & SaaS founders. He is currently a board member/observer of Snyk, Blockdaemon, Kustomer (sold to Meta), BigID, Protect AI, Env0, among many others.
Seyonne is a member of the private equity team, focusing on venture capital and growth equity investments. Prior to StepStone, she was a partner with Greenspring Associates, a venture...2023-09-261h 06Origins - Inside Venture Capital, Hosted by a GP and an LPNavigating difficult markets w/ Adam Valkin, General CatalystBeezer Clarkson of Sapphire Partners and Nick Chirls of Notation host Adam Valkin, Managing Director of General Catalyst at their NYC office.
Adam Valkin is a Managing Director at General Catalyst. Adam leads the firm's global early-stage practice and co-led its international expansion. He has been at GC for over ten years after joining the firm from Accel London. He has a uniquely global perspective on venture and entrepreneurship and has experience as both an operator and investor.
In this episode, we cover a variety of topics, including how founders and VCs can navigate difficult mo...2023-08-2345 minOrigins - Inside Venture Capital, Hosted by a GP and an LPDeep Dive on Series A - Nick & Beezer co-host Beth Ferreira, FirstmarkOrigins is a podcast about the VC and LP ecosystem, co-hosted by Nick Chirls of Notation and Beezer Clarkson of Sapphire Partners. We're joined by our guest Beth Ferreira, a Partner at FirstMark focused on seed and Series A investing in a broad range of consumer companies, including next-generation commerce, consumer tech, and mobile startups. Prior to FirstMark, Beth was the Managing Partner of WME Ventures, was Chief Operating Officer at Fab and ran operations in the early days of Etsy.
In this episode, we do a deep dive on the current state of the series A...2023-06-0654 minOrigins - Inside Venture Capital, Hosted by a GP and an LPLP Market Perspective - Nick & Beezer co-host Atul Rustgi, Accolade PartnersOrigins is a podcast about the VC and LP ecosystem, co-hosted by Nick Chirls of Notation and Beezer Clarkson of Sapphire Partners. In this episode, we are joined by Atul Rustgi, managing partner of Accolade Partners, a top-performing venture capital, growth equity, and blockchain fund of funds. Prior to joining Accolade in 2007, Atul worked at McKinsey & Co., a leading strategy consulting firm, where he advised senior management on issues of strategy, organization, technology and operations. Before McKinsey, Atul worked at the Robin Hood Foundation, a venture philanthropy that funds and supports innovative poverty-fighting organizations in New York City. Atul h...2023-04-281h 01Origins - Inside Venture Capital, Hosted by a GP and an LPInvesting in AI - Nick & Beezer co-host Dr. Lan XuezhaoOrigins is a podcast about the VC and LP ecosystem, co-hosted by Nick Chirls of Notation and Beezer Clarkson of Sapphire Partners. In this episode, we are joined by Dr. Lan Xuezhao, founder and managing partner of Basis Set Ventures, an AI-focused seed firm based in SF. Lan is among the earliest investors in companies such as Scale AI, Quince, Path Robotics, Workstream, and Ergeon. She built and led the Corporate Development Strategy team at Dropbox during its most acquisitive time. She studied the human brain for her Ph.D and received an M.A. in Statistics, both from...2023-03-2255 minOrigins - Inside Venture Capital, Hosted by a GP and an LPNick & Beezer co-host David Tisch, Box GroupOrigins is a podcast about the VC and LP ecosystem, co-hosted by Nick Chirls of Notation and Beezer Clarkson of Sapphire Partners. On this episode, we dig into the history of Box Group and seed investing in NYC with David Tisch. Topics covered include Box Group's unique perspective and strategy on seed investing, staying true to one's strategy and mission, the decision behind Box Group raising outside capital, and the current state of the venture market.
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https://twitter.com/davidtisch2023-02-141h 01
Origins - Inside Venture Capital, Hosted by a GP and an LPNick (Notation) & Beezer (Sapphire) co-host Kanyi Maqubela (Kindred)Origins is a podcast about the VC and LP ecosystem, co-hosted by Nick Chirls of Notation and Beezer Clarkson of Sapphire Partners. On this episode, we dig into current market dynamics with our guest Kanyi Maqubela of Kindred Ventures. Topics covered include the current state of the venture market, how LPs and VCs are modifying their investment strategy, the future state of seed funds, and how to manage psychology through downturns.
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https://twitter.com/nchirls
https://twitter.com/beezer232
https://twitter.com/km
Links referenced in the...2023-02-0151 min
Origins - Inside Venture Capital, Hosted by a GP and an LPVenture market deep dive with Beezer ClarksonOn this episode of Origins, we sit down with Beezer Clarkson of Sapphire Partners to discuss the current state of the VC and LP markets, given recent dislocations. We cover what Beezer is seeing on the ground, where we might be in the current cycle / downturn, how VCs can respond both strategically and tactically, as well as her outlook for what's to come.
Beezer leads Sapphire Partners‘ investments in venture funds domestically and internationally. Prior to joining Sapphire in 2012, Beezer managed the day-to-day operations of the Draper Fisher Jurvetson Global Network, which then had $7 billion under management across 16 venture funds wo...2022-09-2053 min
Origins - Inside Venture Capital, Hosted by a GP and an LPSapphire Partners hosts Jaclyn Hester, Foundry GroupIn this special episode of our #OpenLP podcast miniseries, Sapphire Partners’ Laura Thompson chats with Jaclyn Hester, Partner at Foundry Group, about how LPs pick funds, what good performance looks like and how everything is changing with the shift in today’s markets.
Laura Thompson invests in technology-focused venture funds domestically and internationally. She is passionate about partnering with established and emerging firms to advance the thinking in the limited partner space. Before joining Sapphire Partners in 2018, Laura worked as part of the investment team at Horsley Bridge Partners, where she helped the team make hundreds of millions of fund comm...2022-06-0951 min
Origins - Inside Venture Capital, Hosted by a GP and an LPSapphire Partners hosts Saul Klein of LocalGlobe and LatitudeSapphire Partners continues their #OpenLP miniseries takeover by hosting Saul Klein of LocalGlobe and Latitude. With decades of experience in the region, Saul has been, and continues to be, an early champion of the European tech ecosystem. During the conversation, Sapphire’s Thomas Moon chats with Saul on topics including the evolution of venture in Europe over the past 20 years, the road ahead for European venture, and the journey from operator to angel to institutional seed investor.2021-11-0358 min
Origins - Inside Venture Capital, Hosted by a GP and an LPSapphire Partners hosts Kim Lew, CEO of Columbia University's endowmentSapphire Partners continues their #OpenLP miniseries takeover by hosting Kim Lew, CEO and President of Columbia University’s endowment. During the conversation, Sapphire’s Nate Leung chats with Kim on topics including: How institutional managers consider and approach risk, particularly in the context of venture investing; Differences between foundations and endowments in terms of liquidity, portfolio construction, and risk allocation; What Kim looks for in new managers for the venture portfolio component of Columbia’s endowment; What quality mentorship and leadership looks like and how she cultivates investment talent; and her views on key investment trends across climate, artificial intelligence, crypto...2021-09-3048 min
Origins - Inside Venture Capital, Hosted by a GP and an LPSapphire Partners Hosts - Notation III and BeyondOn this brand new season of Origins, we're passing the torch to our friends at Sapphire Partners to host an exciting new miniseries. Beezer Clarkson, Nate Leung and the team at Sapphire Partners are some of the most knowledgeable and experienced LPs in the industry, and we're extremely excited to listen as they interview a slew of amazing new guests. In this first episode, Beezer and Nate are hosting...well...us :-) They interview us about the history of Origins, Notation, our new fund Notation III, and what we see in store for the future of our firm and the...2021-08-2459 min
Origins - Inside Venture Capital, Hosted by a GP and an LPRenata Quintini & Roseanne Wincek, Renegade PartnersRenata Quintini and Roseanne Wincek are general partners and co-founders of Renegade Partners, a new venture capital firm investing at the "supercritical" stage. Supercritical stage companies have raised institutional financing, have a product in market, and the budding signs of customer love, but are early, young organizations who are still writing their stories.
Before Renegade, Renata was a partner at Lux Capital and Felicis Ventures, and before that an LP at the Stanford University endowment investing in private markets and venture capital. Roseanne was trained as a biochemist before joining Caanan and then IVP, investing in companies primarily at the...2020-12-1551 min
Origins - Inside Venture Capital, Hosted by a GP and an LPMatt Auxier, The University of ChicagoMatt Auxier is a portfolio manager for The University of Chicago's private equity investments, focusing primarily on venture capital. He examines investments across asset classes and researches new investment opportunities. Since joining the Office of Investments in 2012, he has also served as an operations analyst and senior portfolio analyst.
In this episode, (among other topics) we discuss how Matt's investment philosophy has evolved within venture over time, including both small emerging managers as well as established larger managers, and how the University of Chicago is responding to the Covid-19 crisis and diversity challenges within venture and startups broadly.2020-11-1745 min
Origins - Inside Venture Capital, Hosted by a GP and an LPSahil Lavingia and Steve Schlafman on new VC structuresIn this special episode of Origins, we discuss new VC fund structures with Sahil Lavingia, the founder of Gumroad and manager of one of the top rolling funds on AngelList, and Steve Schlafman, who combines professional coaching through his firm High Output with active angel investing using a traditional fund on AngelList.
Both operators and investors, Sahil and Steve provide a fascinating look into how the venture industry is evolving, and how they combine their experiences operating and investing in new, more flexible structures. We discuss their professional backgrounds, why they started investing, time spent at more traditional VC firms...2020-10-1358 min
Origins - Inside Venture Capital, Hosted by a GP and an LPLisa Edgar, Top Tier Capital PartnersLisa Edgar is a Managing Director and member of the Investment Committee at Top Tier Capital Partners. She focuses on manager selection, due diligence and investment monitoring of Top Tier’s primary investments. Leveraging her 25 years of experience, Lisa is particularly interested in helping up-and-coming micro funds structure themselves for success in the future, including strategic fundraising, thoughtful portfolio construction, effective capital deployment and management succession.
Prior to Top Tier, Lisa was part of the asset management team at WR Hambrecht + Co focusing on new and emerging private equity funds. Before that, she spent ten years at Horsley Bridge Partners. Li...2020-09-2346 min
Origins - Inside Venture Capital, Hosted by a GP and an LPFrederik Groce, Storm Ventures & BLCK VCFrederik Groce is a Principal at Storm Ventures and a co-founder at BLCK VC. After finishing school, Frederik spent two years as CEO of Stanford Student Enterprises (SSE) with more than one hundred employees and total assets exceeding $18 million – including overseeing Stanford’s accelerator program.
In this episode, we discuss Frederik's path to VC out of college, and how he's learned on the job and been promoted multiple times at Storm Ventures since. We also discuss his work as a co-founder at BLCK VC, which was formed to connect, engage, empower, and advance Black venture investors by providing a focused comm...2020-09-0950 min
Origins - Inside Venture Capital, Hosted by a GP and an LPAlex Pall and Drew Taggart, The Chainsmokers + Mantis VCIn this special episode of Origins, we interview Alex Pall and Drew Taggart of The Chainsmokers, one of the most successful artists and producers in the world, and now active VCs through their firm Mantis. We discuss how they got into music, their break as DJs and rising up the early charts of Hype Machine and then Spotify, as well as more recently how they discovered angel investing and how they're building Mantis VC. Safe to say this was one of the most interesting episodes we've ever recorded and hope you'll give it a listen.
As always, a huge thank...2020-08-1148 min
Origins - Inside Venture Capital, Hosted by a GP and an LPJosh Kopelman, First Round CapitalJosh Kopelman is the co-founder of First Round Capital, a pioneering seed-stage venture capital firm. He's been an active entrepreneur and investor in the Internet industry since it's commercialization. He co-founded Infonautics while still an undergrad in 1996, which went public in 1999. He then co-founded and ran Half.com, a fixed price marketplace connecting buyers and sellers of used books, movies and music products, which he sold to eBay in 2000.
In this episode, we discuss Josh's early career as an entrepreneur and all of the lessons learned having started two companies, taking one of them public at a really young age...2020-07-0740 min
Origins - Inside Venture Capital, Hosted by a GP and an LPHunter Somerville, Greenspring AssociatesHunter Somerville is a General Partner at Greenspring Associates and is responsible for the sourcing and due diligence efforts on fund, direct and secondary opportunities. He's also actively involved in the assessment of micro-vc managers for the Firm. Additionally, Hunter serves on the LP Advisory Boards for firms such as Bullpen Capital, Redpoint China, Fika Ventures, Foundry Group, among many others.
In this episode, we discuss Hunter's path at Greenspring (and LP firms in general), leading to his promotion to General Partner, how he spends his time at the firm and evaluates opportunities and managers, how the firm is responding...2020-06-2451 min
Origins - Inside Venture Capital, Hosted by a GP and an LPAtul Rustgi, Accolade PartnersAtul Rustgi is a Partner at Accolade, working across both early-stage venture and late-stage growth equity strategies. Prior to joining Accolade in 2007, Atul worked at McKinsey & Co. and the Robin Hood Foundation.
In this episode, we discuss Atul's unique experience evaluating VC managers over the past decade, and Accolade's strategy investing in both very small early-stage venture funds and much larger late-stage growth equity funds. We also discuss Atul's deep conviction around portfolio construction, fund size, and ownership. Finally, we discuss his views on the impact of Covid-19 on the venture ecosystem today and his outlook for 2020 and beyond.
As...2020-06-0246 min
Origins - Inside Venture Capital, Hosted by a GP and an LPKanyi Maqubela, Kindred VenturesKanyi Maqubela is a Managing Partner at Kindred Ventures. He previously served as a Partner at Collaborative Fund, where he was an early advisor to Tala and Walker & Co., and a board member at Buffer, Camino Financial, Spruce, and True Link. Kanyi is also a co-founder at Heartbeat Health, and has served as a Lecturer and Adjunct at New York University Tisch School of the Arts.
In this episode, we discuss everything from Kanyi's childhood to founding his first startup out of Stanford to joining Collaborative Fund to ultimately founding Kindred Ventures with his partner Steve. But in between his...2020-05-1359 min
Origins - Inside Venture Capital, Hosted by a GP and an LPCiaran O'Leary, BlueYardCiaran O'Leary is a co-founder and general partner at BlueYard, a thesis-driven early-stage venture capital firm based in Germany. In the past several years, BlueYard has backed companies like Protocol Labs (Filecoin) and Open Source Coin in the Blockchain space, Meatable and Bit Bio at the intersection of science and technology, Pitch and Vectary in open data, among other fascinating companies and theses.
In this episode, we discuss the European tech and venture capital environment over the past decade, what led Ciaran to Earlybird and then BlueYard, raising two funds for BlueYard since, how their thesis and strategy has evolved...2020-04-1449 min
Origins - Inside Venture Capital, Hosted by a GP and an LPMark Suster, Upfront VenturesMark Suster is the Managing Partner at Upfront. He previously was the founder & CEO of two successful enterprise software companies, the most recent of which was sold to Salesforce.com where Mark became VP, Products. He's also one of the OG VC bloggers at https://bothsidesofthetable.com.
In this episode, we discuss Mark's journey as both an entrepreneur and VC going back to the dot com, how he joined GRP Partners in 2007 and transitioned the firm into what it is now Upfront, and how he plans to grow the firm's team and talent into the future. This was a master...2020-03-0355 min
Origins - Inside Venture Capital, Hosted by a GP and an LP"Portfolio Construction" w/ Beezer Clarkson, Alda Leu Dennis and Trae VassalloThis is a special episode of Origins focused entirely on the concept of VC portfolio construction. We recorded this discussion as a panel with three guests that provide different perspectives on this important topic. Beezer Clarkson is an LP and managing director at Sapphire Partners, Alda Leu Dennis is a partner at Initialized, a seed-stage venture firm, and Trae Vassallo is a founder and partner at defy, an early-stage venture firm focused on Series A investments.
In this episode we cover many of the most critical items related to portfolio construction and how different LPs and VCs might approach different...2020-01-281h 05
Origins - Inside Venture Capital, Hosted by a GP and an LPChad Byers, Susa VenturesChad Byers is a co-founder and partner at Susa Ventures, a seed-stage venture fund based in SF that has backed companies like Robinhood, Flexport, and Andela. Chad discusses growing up in Silicon Valley, his path to venture, the unusual founding story of Susa with his partners, and how they've strategically planned their funds over time. Chad is one of the smartest young seed investors in SF, and this episode was essentially a playbook on how to build a seed firm.
A huge thank you to Carta, the title sponsor for this season of Origins. It's a core product that we...2020-01-0752 min
Origins - Inside Venture Capital, Hosted by a GP and an LPLo Toney, Plexo CapitalLo Toney is the founding managing partner of Plexo Capital, a new $42.5 million fund incubated inside of GV focused on making investments in seed-stage VC firms led by women or people of color. In addition to investing as LPs, Plexo Capital makes direct investments in startups that are funded by firms where Plexo has an LP position. The fund’s investors include Alphabet, Intel Capital, Cisco Investments, the Royal Bank of Canada, Kapor Capital, the Hampton University Endowment and the Ford Foundation.
Previous to Plexo Capital, Lo was a partner at GV and Comcast Ventures, as well as an operator in...2019-12-1150 min
Origins - Inside Venture Capital, Hosted by a GP and an LPFabrice Grinda, FJ LabsFabrice Grinda is the founder of FJ Labs, a company co-creation and investment firm, focused on marketplace businesses. FJ Labs has invested in companies such as Flexport, Shippo, Lime, Brightroll, among many others. Fabrice is also a serial entrepreneur, previously founding three companies - Zingy, Aucland, and OLX - All of which scaled to significant size. He was born in France and is an avid traveler, writer, and speaker.
In this episode, we cover what it was like to come to the U.S. for college, starting his first company in the dot com in France at the age of 24...2019-10-0159 min
Origins - Inside Venture Capital, Hosted by a GP and an LPPaul Mace, Tufts UniversityPaul Mace is the Director of Investments for Private Equity and Real Estate in the Tufts University Investment Office. He is responsible for evaluating private market managers and their investment strategies to potentially include in the university’s portfolio. Before joining Tufts, Paul was an investment banker evaluating M&A and private equity transactions for a boutique advisory firm.
In this episode, we dig into the many similarities and differences in evaluating private real-estate funds and venture funds, two areas that Paul is responsible for at the Tufts endowment. We also discuss how the Tufts endowment has evolved over the pa...2019-09-1043 min
Origins - Inside Venture Capital, Hosted by a GP and an LPBeezer Clarkson hosts Anne Martin, CIO of Wesleyan UniversityIn this special episode of Origins, Beezer Clarkson of Sapphire Partners hosts Anne Martin, the Chief Investment Officer of Wesleyan University. Anne was previously a Director of Investments at Yale University, where she oversaw the private and natural resource portfolio. At Wesleyan University, she oversees all aspects of the endowment and reports to the university's board and investment committee.
Over the course of the conversation, Beezer and Anne cover exactly what it means to run and invest a university endowment, Anne's goals for the program, how she thinks about investing across asset classes, and particularly how she approaches venture capital...2019-08-0649 min
Origins - Inside Venture Capital, Hosted by a GP and an LPBryce Roberts, Indie VCBryce Roberts is the founder of Indie VC, a 12-month program and venture fund designed to fund and support founders on a path to profitability. Before that, Bryce was a co-founder of OATV in 2005, one of the earliest seed focused VC firms, where they invested in companies like Fastly, Foursquare, Planet, Hipcamp, and others.
On this episode, we discuss the earliest days of seed investing and raising OATV while Bryce lived in Utah, as well as the difficult decision to morph OATV into what is now Indie VC. Bryce has a decidedly different and refreshing perspective on venture capital than...2019-07-1656 min
Origins - Inside Venture Capital, Hosted by a GP and an LPDavid Fauchier, Cambrial CapitalDavid Fauchier is the co-founder of Cambrial Capital, an investment firm based in London deploying a thesis-driven fund of funds strategy focused on the digital assets space. David has previous experience as a product leader and angel investor in Europe, and has one of the most thoughtful approaches to investing in the blockchain space that we've seen. We cover a wide range of topics in this episode, including the varied types of strategies that blockchain VC firms and crypto funds are pursuing today, why a fund of funds in this space makes sense, and how David sees the digital assets...2019-02-2655 min
Origins - Inside Venture Capital, Hosted by a GP and an LPLindsay Larsen, UVIMCOLindsay Larsen is a managing director at UVIMCO, which represents the University of Virginia's $9B+ endowment. At UVIMCO, Lindsay co-heads the endowment's venture capital investing, as well as hedge fund investing and the growth equity portfolio. She previously held roles at Sequoia Heritage and Bluestem Asset Management, and she started her career at Goldman Sachs after attending UVA as an undergrad.
In this unique look into how a large university endowment is managed, we dig into how UVA sets its return targets and goals, and how that impacts Lindsay's time spent across VC, hedge funds, and growth equity. We discuss...2019-02-0552 min
Origins - Inside Venture Capital, Hosted by a GP and an LPManu Kumar, K9 VenturesManu Kumar is the founder of K9 Ventures, a technology-focused Pre-Seed fund based in Palo Alto, California. K9 Ventures was the first "pre-seed" venture firm in the industry, and Manu was the earliest investor in companies like Twilio, Lyft, Carta, Crowdflower, and many more. Manu has a truly unique outlook on the VC business, and has a highly disciplined investment model that he's stuck with since the beginning in 2009.
In this episode, we discuss Manu's time at Carnegie Melon and Stanford, where he received his PhD, his success as an entrepreneur, how he started K9 as a solo GP, his...2019-01-1554 min
Origins - Inside Venture Capital, Hosted by a GP and an LPConrad Shang, UTIMCOConrad Shang is a Director at UTIMCO, The University of Texas and Texas A&M Endowment, where he leads the VC portfolio for one of the largest university endowments in the country. He’s been on both sides of the table, having also previously been a VC at Norwest Venture Partners and Bain Capital Ventures. This was a particularly fascinating conversation because Conrad now oversees what is probably the largest VC portfolio of anyone we've had on the Origins podcast to date.
In this episode, we discuss Conrad's background and what led him to this new role at UTIMCO, the st...2018-12-1855 min
Origins - Inside Venture Capital, Hosted by a GP and an LPZach Aarons, MetapropZach Aarons is a co-founder and partner at Metaprop, an early-stage venture firm and accelerator focused on real-estate related technology. Zach has been working at the intersection of real estate and venture capital for the past decade, and he's the most active early-stage PropTech investor in the United States, having funded over 60 startups in the space as an individual as well as 40 startups (and counting) through MetaProp NYC's venture capital funds. In addition to early-stage investing, Zach is a project manager at Millennium Partners, and has worked on large-scale mixed-use development projects with experience in real estate development, commercial asset...2018-11-2758 min
Origins - Inside Venture Capital, Hosted by a GP and an LPSarah Anderson and Emily Geiger, CintrifuseOn this episode of Origins, we interview Sarah Anderson and Emily Geiger, who are responsible for two critical components of Cintrifuse, a unique organization and public-private partnership established to drive the next phase of growth in the Cincinnati region. Sarah is the Managing Director of the Cintrifuse Syndicate Fund, a fund of funds that invests in VC managers across the U.S. Emily is the VP of BigCo Innovation at Cintrifuse, where she focuses on bridging partnerships, as well as exploring new potential areas for innovation and collaboration between large companies in the Cincinnati region and the broader U.S...2018-10-3049 min
Origins - Inside Venture Capital, Hosted by a GP and an LPDavid Tisch, Box GroupDavid Tisch is a founder and managing partner of Box Group, the most prolific angel and seed investing firm in NYC, where they're investors in companies such as Pillpack, Flatiron Health, GroupMe, Plaid, Roman, among many others. He previously co-founded Techstars New York, a fixture of the NYC tech community for many years, and is the head of Cornell Tech's Startup Studio.
In this episode, we discuss how Box Group has stuck to its knitting over the years by continuing to focus on the earliest stages of startup investing, how investors do (and don't) add value to the companies they...2018-10-0951 min
Origins - Inside Venture Capital, Hosted by a GP and an LPRob Mazzoni, TrueBridge Capital PartnersRob Mazzoni is a principal and one of the earliest members of the TrueBridge investment team, an alternative asset management firm founded in 2007 and focused on the venture capital industry. Rob first worked with TrueBridge co-founder and general partner Mel Williams at UNC Management Company, Inc. (UNCMC) as an investment and performance analyst.
In this episode, we discuss Rob's professional path as an LP since college, as well as the founding and evolution of Truebridge Capital Partners since 2007. We cover Truebridge's decision to partner early with now top-tier firms like a16z and Founder's Fund, as well as their decision...2018-09-1857 min
Origins - Inside Venture Capital, Hosted by a GP and an LPShan-Lyn Ma, ZolaShan-Lyn Ma is the co-founder and CEO of Zola, the fastest growing wedding registry and planning site in the U.S. Before Zola, Shan-Lyn was the chief product officer of chloe + isabel, and an executive at Gilt Groupe. In this episode, we cover a wide range of topics, including Shan-Lyn's experience growing up in Australia, discovering the Internet at a young age, and eventually moving to the U.S. to go to Stanford and pursue her dreams as a technology entrepreneur. We also discuss the many lessons Shan-Lyn learned in product and strategy at Yahoo and Gilt Groupe, her recent...2018-08-2150 min
Origins - Inside Venture Capital, Hosted by a GP and an LPMike Maples, FloodgateMike Maples is the founding partner at Floodgate and has been on the Forbes Midas List since 2010. Before becoming a full-time investor, Mike was involved as a founder and operating executive at back-to-back startup IPOs, including Tivoli Systems (IPO TIVS, acquired by IBM) and Motive (IPO MOTV, acquired by Alcatel-Lucent.) Some of Mike’s investments include Twitter, Twitch.tv, ngmoco, Weebly, Chegg, Bazaarvoice, Spiceworks, Okta, and Demandforce.
In this episode, we cover a wide range of topics, including Mike's decision to become a VC and how he raised Floodgate's first fund, how Floodgate's fund strategy and portfolio construction has evolved si...2018-07-2450 min
Origins - Inside Venture Capital, Hosted by a GP and an LPRyan Nece, Next Play CapitalRyan Nece is a Managing Partner at Next Play Capital, a mission-driven co-investment and fund of
funds focused on venture capital. He started his career playing football for the Tampa Bay Buccaneers, where he played for eight years, winning a super bowl championship as a rookie. After retiring from football, Ryan co-founded Straightcast Media, which he successfully exited to FOX Sports in 2015. Ryan is also the founder of the Ryan Nece Foundation, and a fellow at the Aspen Institute Business & Society Program.
Needless to say, this was one of the most fascinating interviews we've had on the Origins podcast to...2018-06-2651 min
Origins - Inside Venture Capital, Hosted by a GP and an LPJeff Fagnan, AccompliceJeff Fagnan is a founder of Accomplice and more recently Spearhead, in partnership with AngelList. Jeff is well known as a founding investor, working with most of his portfolio since inception, sometimes as a co-founder including Veracode (Sold to CA Technologies for $614M in 2017). Jeff sits on the board of many scaling startups including AngelList, Carbon Black, InsightSquared, PillPack, and others. He's also the founder of Spearhead, a program that provides funding and mentorship for new angel investors; Maiden Lane, the first investment vehicle built on top of AngelList; Boston Syndicates (BOSS),a federated movement to create stronger angel substr...2018-05-1548 min
Origins - Inside Venture Capital, Hosted by a GP and an LPLeah Busque, Fuel CapitalLeah Busque is a General Partner at Fuel Capital, an early-stage venture firm based in SF. Before Fuel, she was the co-founder and CEO of TaskRabbit for eight years, and before that an engineer at IBM. In this episode, we discuss Leah's path to founding TaskRabbit, moving to SF, and partnering with Chris Howard as Fuel's second GP just over a year ago. We also dig into how she discovered and has navigated the LP community, how she plans to support the founders she works with as a former founder and engineer herself, and finally how Leah and Chris plan...2018-04-1850 min
Origins - Inside Venture Capital, Hosted by a GP and an LPRo Gupta, CarmeraRo Gupta is the co-founder and CEO of Carmera, a street-level intelligence platform. The company's flagship product is CARMERA Autonomous Map, which delivers real-time, 3D maps and navigation-critical data for autonomous vehicles. Ro previously spent six years with Disqus, the web's largest community discussion network. He's also the first Notation portfolio company founder we've had on Origins! In this episode, we discuss Ro's path to co-founding Carmera, the explosion of interest in autonomous vehicle technology, angel investing, and of course the limited partner ecosystem.2018-04-0351 min
Origins - Inside Venture Capital, Hosted by a GP and an LPChristian Motzfeldt, Danish Growth FundAs CEO of the Danish Growth Fund since 2001, Christian Motzfeldt has been instrumental in building the new Danish ecosystem of entrepreneurship. Through the Danish Growth Fund, he has built one of the largest portfolios of venture and small-cap funds in the Nordics, and now has 2 Billion USD under management. This is the first sovereign wealth fund that we've had on the show, so we dive deep into exactly what that means, as well as the strategic and financial goals for a public fund like the DGF.2018-03-1332 min
Origins - Inside Venture Capital, Hosted by a GP and an LPNick Chirls and Alex Lines, NotationIn this episode of Origins, Beezer Clarkson turns the tables and interviews Nick Chirls and Alex Lines of Notation. Having just closed Notation II, we figured this would be a good time to explain who we are, what we do, and why we do it. We cover our time working together in the early days at betaworks, our decision to ultimately leave and start Notation, the process of raising our first and now second funds, and how we think about the future of the firm.
* One small footnote - We recorded this episode almost a year ago, when we first...2018-02-2054 min
Origins - Inside Venture Capital, Hosted by a GP and an LPSemil Shah, HaystackOn this episode of Origins, we sit down with Semil Shah of Haystack, an early-stage venture firm based in SF. Semil has a non-traditional background for VC and has been vocal about the unique way he's building the firm, recently making the transition into an institutionally backed fund. He's an active blogger, and an investor in startups like Instacart, Giphy, Carta, and many others. In the interview, we focus on how Semil has approached each of the Haystack funds, the stories behind some of his best investments, and lessons learned along the way as he's grown the firm.2018-01-2345 min
Origins - Inside Venture Capital, Hosted by a GP and an LPRoland Reynolds, Industry VenturesOn this episode of Origins, we sit down with Roland Reynolds, a managing partner at Industry Ventures. Industry Ventures is a fascinating “full stack venture capital firm.” Their funds invest into companies and venture capital partnerships through both primary and secondary transactions, which is an important part of the venture ecosystem that we have yet to cover on the Origins podcast.
We cover a lot in this episode — including Roland’s experience working earlier in his career at JP Morgan and Columbia Capital, as well as founding one of the first dedicated micro-VC fund of funds more than ten years ago. Roland’...2018-01-091h 03
Origins - Inside Venture Capital, Hosted by a GP and an LPBruce Ou, Grove Street AdvisorsOn this episode of Origins, we sit down with Bruce Ou, a Managing Partner at Grove Street Advisors. GSA is a unique type of investment firm in that they build customized private equity fund portfolios to address each of their LP clients’ individual investment needs. Their sole business is to manage discretionary separate accounts, investing in lower middle-market buyout, growth equity and venture capital.
Bruce is a member of the firm’s Investment Committee, and leads investments across all segments of private equity and venture funds. Bruce also co-leads GSA’s strategy and portfolio development in China and is actively involve...2017-12-1945 min
Origins - Inside Venture Capital, Hosted by a GP and an LPAndy Weissman, Union Square VenturesIn this episode, we sit down with Andy Weissman, a managing partner at Union Square Ventures. Previous to USV, Andy was a co-founder of betaworks, and earlier in his career an executive at AOL. Andy’s one of the most thoughtful and admired VCs in the industry, and this was plain and simple one of the best episodes we’ve ever recorded.2017-10-3151 min
Origins - Inside Venture Capital, Hosted by a GP and an LPMichael Larsen, Cambridge AssociatesMichael Larsen is a managing director at the global investment firm Cambridge Associates, based in Boston. Mike works with endowments, foundations and other large institutional investors on their private investment programs, particularly focused on venture capital exposure. He spends his time meeting with managers, sourcing new ideas, and implementing VC programs for his clients’ portfolios.2017-10-1050 min
Origins - Inside Venture Capital, Hosted by a GP and an LPDavid Frankel, Founder CollectiveDavid Frankel is a managing partner and co-founder of Founder Collective, which launched in 2011 with a simple mission: To be the most aligned fund for founders at the seed stage. In the years since, they've become one of the most respected and highest performing venture firms in the industry.
Before starting Founder Collective, David spent most of his life as an entrepreneur, co-founding Internet Solutions, the first ISP in Africa, at the ripe old age of 23. When Internet Solutions was acquired by Dimension Data, he served as a key executive and on the board through its successful listing on the...2017-07-1855 min
Origins - Inside Venture Capital, Hosted by a GP and an LPAaron Gershenberg, SVB CapitalAaron Gershenberg is a founder of Silicon Valley Bank’s fund of funds and direct investment group, SVB Capital. Aaron joined SVB in 1999 and has been part of the venture capital industry since 1996. Under his leadership, the group has over $3.3 billion under management across fund of funds, direct funds and separate accounts.
In this episode, we sit down with Aaron and discuss SVB Capital's beginnings, surviving through the dot com, and how they differentiate their fund of funds practice by being part of the broader SVB bank and ecosystem. Because of SVB's vital role in the technology industry and as a...2017-06-0642 min
Origins - Inside Venture Capital, Hosted by a GP and an LPBradley Tusk, Tusk VenturesBradley Tusk started Tusk Ventures to help startups work with governments at scale. To date, this unique venture capital firm has worked with companies like Uber, Fanduel, Handy, Eaze, and others to help them navigate regulatory challenges. Tusk Ventures grew out of Tusk Strategies, which Bradley started in 2010 to help major institutions run multi-jurisdictional campaigns to shape their public reputation, overcome regulatory hurdles, and proactively engage governments to solve problems and seize opportunities.
Previously, Bradley served as the campaign manager for New York City Mayor Michael Bloomberg’s successful re-election bid in 2009, and before that he served as the Deputy Go...2017-04-2553 min
Origins - Inside Venture Capital, Hosted by a GP and an LPWinter Mead, Sapphire VenturesWinter Mead is a Vice President at Sapphire Ventures, where he focuses on Sapphire's fund investments in the United States and internationally. Before joining Sapphire Ventures in 2014, he worked at Hall Capital Partners. Prior to Hall, Winter founded Mead and Mead, an international food distribution and logistics business, and also spent a number of years working for several early-stage technology companies in the San Francisco Bay Area.2017-03-2842 min
Origins - Inside Venture Capital, Hosted by a GP and an LPEva Ho, Fika VenturesEva Ho is a General Partner and co-founder of Fika Ventures, a new $40M seed fund based in LA. She's also an EIR of the City of Los Angeles and a board member of the California Community Foundation. She was previously a co-founder of Susa Ventures, and before that an operator and early employee at Factual and Applied Semantics, and a co-founder of Navigating Cancer.2017-03-1444 min
Origins - Inside Venture Capital, Hosted by a GP and an LPGraham Pingree, Cendana CapitalGraham Pingree is a limited partner at Cendana Capital, where he works with Michael Kim and invests in micro-VC funds. We discuss Graham's background working both at startups as well as firms such as Horsley Bridge and Cambridge Associates, and backing and working with funds such as Forerunner, Founder Collective, and IA Ventures.2017-02-2147 min
Origins - Inside Venture Capital, Hosted by a GP and an LPHunter Walk, HomebrewWe talk with investor Hunter Walk, founding partner at Homebrew, about his experiences building product as one of the first hires at Second Life and then at YouTube after the Google acquisition. We also dig into what it took to get Homebrew off the ground in 2013 with his partner Satya Patel.2017-01-311h 00
Origins - Inside Venture Capital, Hosted by a GP and an LPLindel Eakman, Foundry Group NextFor over a decade, Lindel Eakman managed the private investment program for the University of Texas Investment Management Company (UTIMCO), one of the largest endowments in the world. After 13 years at UTIMCO, Lindel left and joined Foundry Group to lead investments in other early-stage VC funds through FG's new fund, Foundry Group Next . We talk about his work at UTIMCO, where he backed iconic firms like USV, Foundry Group, Spark Capital, and True Ventures, and his decision to move to Boulder to work with Foundry Group.2017-01-1852 min
Origins - Inside Venture Capital, Hosted by a GP and an LPJonathan Abrams, NuzzelJonathan Abrams, founder and CEO of Nuzzel, is a busy man. Jonathan previously founded Friendster and Hotlinks, is an active angel in companies like AngelList and Docker, co-founded Founders Den in San Francisco, and is an LP in some great VC funds. We discuss Jonathan’s move to Silicon Valley in the late nineties to work for Netscape as an engineer, starting his first companies, and discovering the layer of capital and people behind the venture community.2017-01-0442 min
Origins - Inside Venture Capital, Hosted by a GP and an LPThomas Lenehan, Rockefeller UniversityThomas Lenehan is Deputy CIO at Rockefeller University, helping to manage their $2B endowment. We discuss how managing an endowment compares to his previous LP roles and committing long-term to the private markets and venture, through good and bad cycles.2016-12-0644 min
Origins - Inside Venture Capital, Hosted by a GP and an LPBrad Feld, Foundry GroupWe’re very excited to have Brad Feld to help us kick off season two. In addition to co-founding Foundry Group, and Techstars, Brad also co-founded Mobius Venture Capital in 1996. So he’s as qualified as anyone in the world to discuss starting venture firms, and that’s exactly what we did in this episode. Brad has already spoken at length about starting companies and angel investing, so we dug into getting a first fund off the ground, building a firm that’s consistent with one’s belief system, and investing as a personal LP into dozens of funds including Lowercase...2016-11-211h 12
Origins - Inside Venture Capital, Hosted by a GP and an LPEvan Jaysane-Darr, Invesco Private CapitalEvan Jaysane-Darr is a Partner at Invesco Private Capital, a public asset management company where he focuses primarily on investing in venture. We discuss what's different about investing in venture as a public company, his experience investing in private equity vs venture funds, and why emerging managers are still important even though Invesco is in great funds like USV, Foundry, Greycroft, and LHV.2016-10-1845 min
Origins - Inside Venture Capital, Hosted by a GP and an LPJudith Elsea, Weathergage CapitalJudith Elsea is a co-founder and Managing Director at Weathergage Capital. Judith and her Weathergage partners are investors in some of the most respected venture firms in the world. We discuss building out a venture practice at the Kauffman Foundation, where she was previously Chief Investment Officer, starting Weathergage Capital, what they look for in venture partnerships today, and Weathergage’s unique approach to backing managers, which is partially informed by an internal product they’ve built called “Weathervane.”2016-09-1452 min
Origins - Inside Venture Capital, Hosted by a GP and an LPMichael Kim, Cendana CapitalMichael Kim is the founder of Cendana Capital, one of the first fund of funds focused entirely on backing micro-VC firms. Since 2010, Cendana has been a very early institutional backer of firms like Lerer Ventures, Forerunner, Founder Collective, IA Ventures, SoftTech VC, K9 Ventures, among others. In this episode, we discuss Michael's path to starting Cendana and how he thinks about and decides to back venture capital firms.2016-07-2652 min
Origins - Inside Venture Capital, Hosted by a GP and an LPJoelle Kayden, Accolade PartnersJoelle Kayden, Managing Director and Founder of Accolade Partners, joins us to discuss her deep experience as an investor in venture funds.2016-07-121h 04
Origins - Inside Venture Capital, Hosted by a GP and an LPJosh Abramson, TeePublic, Connected VenturesJosh Abramson, co-founder of Connected Ventures (CollegeHumor, BustedTees, Vimeo) and TeePublic, joins us to discuss founding and operating companies as well as investing as an Angel and as a Limited Partner.2016-06-281h 00
Origins - Inside Venture Capital, Hosted by a GP and an LPChris Douvos, VIAChris Douvos, Managing Director and member of the General Partner at VIA (Venture Investment Associates), joins us to discuss growing up in Brooklyn, investing courageously, & being the first institutional backer of First Round Capital.2016-06-1055 min
Origins - Inside Venture Capital, Hosted by a GP and an LPNaval Ravikant, AngelListNaval Ravikant, CEO and founder of AngelList, joins us to discuss sources of capital from the founder's perspective.2016-05-3151 min
Origins - Inside Venture Capital, Hosted by a GP and an LPElizabeth Beezer Clarkson, Sapphire VenturesElizabeth "Beezer" Clarkson, Managing Director at Sapphire Ventures, joins us to discuss her path to becoming an LP, what she looks at when considering investments, and why we're starting to see the LP world become more open and transparent.2016-05-0547 min