The latest from the thought leaders of the venture ecosystem
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JUNE 2023

The latest perspectives from #OpenLP, a resource for the venture community to hear from a diverse group of LP and GP voices.

LP & GP Voices

Charles Hudson

What Happens When Small and Large VC Firms Decouple and Have Less in Common?

Charles Hudson

Managing Partner of Precursor Ventures Charles Hudson writes about the factors affecting recent shifts in the VC landscape, such as larger firms expanding their scale and capabilities, smaller firms becoming more competitive with larger firms and a disconnect in the required scale of exits for different-sized funds, creating challenges for smaller firms and potentially overlooking great companies.

Charles Hudson Blog
David Clark

How Difficult Could Things Get for Startups Over the Next Year or Two?

David Clark

VenCap International plc's David Clark shares his insights on VC-backed company loss ratios on the future of startup funding as it remains increasingly challenging for startups to raise new capital.

@daveclark85
Elodie Broad

Q&A: Balderton's Elodie Broad on Why ESG is Essential for Startups

Leah Hodgson

PitchBook speaks with Elodie Broad, Balderton's head of impact and sustainable future goals, about the importance of ESG and where startups should focus their efforts.

PitchBook
Samir Kaji

9 Common Mistakes Limited Partners Can Easily Avoid When Investing in Venture Funds

Samir Kaji

CEO of Allocate Samir Kaji summarizes common mistakes LPs need to be aware of to navigate their VC strategies with careful planning, noting that VC is something that is easy to do poorly, and very difficult to get right.

Venture Unlocked

From the Creators of #OpenLP

Beezer Clarkson

The State of Venture Capital Today

Pernille Kjaer

Informa Connect's Pernille Kjaer spoke with Beezer Clarkson, Partner at Sapphire Partners, at SuperVenture for her perspective on key challenges that lie ahead in 2023, as well as where LPs and GPs should focus their awareness.

Informa Connect
Timothy Chen

How this VC Landed a $27 Million Third Fund and Bets in Some of the Buzziest Startups like Jasper and Motherduck

Stephanie Palazzolo

Essence VC, founded by Tim Chen, has raised its third fund of $27 million from LPs like Cendana and Sapphire Partners. Tim is a founder-turned investor, known for backing startups on data infrastructure, developer tools and AI.

Insider

VC Deep Dives

Signature Block Newsletter

Do Valuations Matter?

Eric Little, Ryan Hoover & Vedika Jain

A guide from top GP minds on how to approach valuations from Signature Block's newsletter investigates: Do valuations matter, What drives them and How should they impact investment decisions?

Signature Block
The Power of Platform

The Power of Platform

Cory Bolotsky & Dale Chang

A new report by VC Platform Community leverages 20+ years of return data to reveal how increased Platform investment contributes to stronger overall performance in the VC asset class as a whole.

VC Platform

What We're Reading This Month

ChatGPT Personal Assistant

OpenAI Plans ChatGPT 'Personal Assistant for Work,' Setting Up Microsoft Rivalry

Aaron Holmes

In the span of half a year, ChatGPT has become one of the world’s best-known internet brands. Now its creator, OpenAI, has bigger plans for the chatbot: CEO Sam Altman privately told some developers OpenAI wants to turn it into a “supersmart personal assistant for work.”

The Information
Neil Shen

Sequoia's Three-Way Split Brings Abrupt End to Global Strategy

Marina Temkin

The Silicon Valley firm told its LPs in a letter that the split is a result of the growing difficulties associated with running a firm that backs leading tech companies around the world. The separation comes at a time of rising geopolitical tensions between China and the US, particularly around sensitive technology like semiconductors and AI.

PitchBook
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OpenLP is an initiative of Sapphire Partners, the LP arm of Sapphire Ventures. Sapphire Partners is focused on partnering with exceptional

early-stage venture funds in the US, Europe and Israel.

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Nothing presented within this article is intended to constitute investment advice, and under no circumstances should any information provided herein be used or considered as an offer to sell or a solicitation of an offer to buy an interest in any investment fund managed by Sapphire Ventures, LLC (“Sapphire”). Information provided reflects Sapphires’ views as of a time, whereby such views are subject to change at any point and Sapphire shall not be obligated to provide notice of any change. No assumptions should be made that any investment listed above were or will be profitable. Various content and views contained within this article represent those of third party guests, which do not necessarily reflect the views of Sapphire. Such views are subject to change at any point and do not in any way represent official statements by Sapphire.Due to various risks and uncertainties, actual events, results or the actual experience may differ materially from those reflected or contemplated in any statement made. Nothing contained in this article may be relied upon as a guarantee or assurance as to the future success of any particular company. Past performance is not indicative of future results.