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
The Science of Selling - Early DPI Benchmarks
David Zhou
How much of selling positions as a VC is a science and how much is art? David Zhou, Head of Investor Relations at Alchemist Accelerator, shares what great TVPI and DPI look like before fund term and three frameworks to use when thinking about selling.
Reflecting on the First 20 Commitments in a Seed Portfolio
Jamie Rhode
Jamie Rhode, Principal at Verdis Investment Management, shares six lessons learned from the first 20 commitments in its seed portfolio. Lessons cover curating vs. selection, sector coverage, probability and outliers, geographical focus, investment strategy and more.
RAISE Global Summit 2023: The Hunt for Unicorn Managers
Benjamin Black
What happens when you apply the term "unicorn" to a fund, versus a company with a $1B valuation? You get a fund that offers a 10X return. Benjamin Black, Co-Founder and Managing Director of Akkadian Ventures and Founder of RAISE Global, analyzes 656 funds to explore the rarity of 10x funds and what factors to consider when searching for them.
David Coats, Co-Founder at Correlation Ventures, shares insights into the distribution of outcomes in U.S. venture, noting we are farm from a "normal" distribution with a small number of winners driving returns.
In today’s macroeconomic environment, founders are choosing to raise less and build more. The result? Seed investor Terrence Rohan says better products, better teams and more valuable companies.
Origins Podcast: Navigating Difficult Markets with Adam Valkin
Nicholas Chirls and Beezer Clarkson
Adam Valkin, Managing Director at General Catalyst, joins the podcast to discuss his unique global perspective on venture capital, why the current market is not as bad as many have feared and more.
The most data-driven investors work with simple quantitative methods, but apply them across their entire portfolio, repeatedly and consistently. Tactyc, a forecasting and planning platform for venture funds, shares six of the most common workflows that they see successful data-driven managers employ.
The Ascendancy of European Tech: A Data-Backed Report on Europe’s Rise to the Top
Johan Brenner
Johan Brenner, General Partner at Creandum, takes a closer look at the development of European tech within the past 20 years, revealing its potential to take the lead in emerging tech sectors, including digital health, climate tech, fintech and AI.
Venture Firms Still Writing Small Checks Despite $271 Billion in ‘Dry Powder’
Natasha Mascarenhas
After a year of slower dealmaking prompted by the spike in interest rates, venture capital is still trying to find its footing. Startup investors have been providing follow-on funding to startups they’ve already invested in and are often writing smaller checks.
VCs Should Give Up on the Winner-Takes-All Approach to Investing
Rebecca Szkutak
Venture capital is the business of hitting home runs. But must a startup have the potential to capture the vast majority of market share in its category to earn an investment?
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.
