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title: OpenLP - The Case for Concentrated Portfolios
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The latest from the thought leaders of the venture ecosystem

| View in browser November 2024    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 Your Fund Size is Your Business Model By Samir Kaji Samir Kaji, CEO and Co-Founder of Allocate, breaks down the unique business models of small funds and mega-platforms, highlighting how fund size shapes strategies, risk/return profiles and portfolio construction in venture capital. Samir Kaji LinkedIn The Technical Storyteller  By Paige Doherty Paige Doherty, Founding Partner at Behind Genius Ventures, explores the "technical storyteller" founder archetype—leaders who combine technical depth with visionary communication to navigate complex landscapes and drive meaningful innovation. BGV Blog The Case for Concentrated Portfolios Hosted by David Zhou Jeffrey Rinvelt, Partner at Renaissance Venture Capital, shares how Michigan’s fund of funds jumpstarted innovation, how Renaissance evaluates GPs and the role of exit management in driving returns on the latest episode of Superclusters with David Zhou. Superclusters Brockenbrough $4.3 Billion Investment Edge Hosted by David Weisburd Chris Dion, Co-Chief Investment Officer and Managing Partner at Brockenbrough, explains what makes small buyout funds resilient, why they outperform larger private equity deals and how the deal leader can matter more than the firm on the 10X Capital Podcast with David Weisburd. 10X Capital Podcast Startup Fundraising in U.S. Metros Top 10 from 2018 - 20240 By Peter Walker Peter Walker, Head of Insights at Carta, breaks down $560B in venture fundraising from 2018 to 2024, showing Silicon Valley's enduring dominance, NYC's steady second place, and rising ecosystems like LA, San Diego and Austin reshaping the US startup landscape. @PeterJ\_Walker Featuring the Creators of OpenLP Finding Founders Who Will Change the World with Wesley Chan Hosted by Nick Chirls & Beezer Clarkson Wesley Chan, co-founder of FPV Ventures and the creator of Google Analytics and Google Voice, joined the Origins podcast to share lessons from working with Sergey Brin, investing in iconic companies like Canva and Plaid, and backing enduring ideas that could shape the world for a century. Origins Podcast Minisode: Building Google and Betting Big: Lessons from Wesley Chan Hosted by Nick Chirls & Beezer Clarkson In a bonus minisode, Beezer and Nick go inside their conversation with Wes to unpack his bar for evaluating investments—will the world be able to live without this product in 10 years? Plus, get insights on pivots, QSBS outcomes and how his Google experience shaped his ability to identify greatness. Origins Bonus Minisode Speaking from Experience By Ryan Hibbison VC Journal's Women of Influence speak from experience to share career insights and advice, including Sapphire Partners' Beezer Clarkson, who reflects on starting her career in 1994 and needing to first articulate to herself what she wanted to achieve, then give herself the permission and courage to go do it. Venture Capital Journal What We're Reading This Month VC Returns Have Lagged Behind Stocks. Are Secondary Markets the Solution? By Steven Rosenbush Venture-capital firms traditionally have been bit players in the secondary markets, but that is changing as some funds look to boost disappointing liquidity, distributions and returns for investors. The Wall Street Journal Our Biggest Takeaways from Cerebral Valley: No Wall on AI Progress Despite the Scaling Law Debate By Madeline Renbarger, Jonathan Weber, and Eric Newcomer Get a recap from the Cerebral Valley AI Summit, where leaders from Anthropic, Scale AI, Databricks, and more debated the future of GenAI, the potential limits in LLM pre-training and the role of post-training advancements. Newcomer How New York Transformed from Tech Backwater into Global Venture Capital By Leo Schwartz When Kevin Ryan went out to raise money for DoubleClick in 1996, every California venture capital firm he spoke with told him they would love to invest—if he moved to San Francisco. He couldn’t bring himself to leave New York. Ryan went on to found a string of New York companies—MongoDB, Zola, Gilt and Business Insider—along with his own venture firm. Fortune OpenLP is supported by Sapphire Partners. Launched in 2012, Sapphire Partners is a Limited Partner seeking to invest in elite early-stage venture capital funds, across the U.S., Europe, and Israel. Not a subscriber to the OpenLP monthly newsletter? Sign up now Sapphire Ventures, LLC, 801 W. 5th St., Ste. 100, Austin, TX 78703, United States Manage preferences |
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