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
What's Ahead for Venture & Startups This Fall
Ed Sim
Ed Sim, Founder and Partner at Boldstart, predicts fundraising activity will pick up this fall, but with more diligence; later stage rounds will be still be few and far between; and relationships will be prioritized over the transactional nature of investments.
In this edition of Signature Block, Ryan Hoover and Vedika Jain of Weekend Fund crowdsource fundraising lessons learned from experienced GPs and LPs to share with first-time VCs. These 10 common mistakes are paired with actionable advice.
Succeeding in VC is About Knowing What to Buy & When to Sell
Hunter Walk
There’s a lot of talk about when to buy, but rarely when to sell. With no hard and fast best practices for secondary transactions, Hunter Walk and the team at Homebrew codified their own ruleset.
A Look Back at Our Letters to Our LPs and Capital Exuberance
Michael Eisenberg
Michael Eisenberg lifts the curtain on a particularly classified aspect of venture capital and shares a rare glimpse of Aleph's LP letters over the last few years. A look back at the flood of capital from the bull run and how the market has changed.
The #OpenLP Podcast Miniseries: Beezer Clarkson, Sapphire Partners
Notation Capital
On the latest episode of Origins x Notation Capital, Beezer Clarkson joins the podcast with Nicholas Chirls to talk current state of the VC & LP market, where we might be in the current cycle, how VCs can respond strategically & tactically, and Beezer's outlook on what's to come.
Though the cadence of fundraising has slowed, Sapphire's Nate Leung views the last few months as a healthy reset for the VC ecosystem after a frothy 2021. And while this environment places additional pressure on emerging managers, many are still actively in market raising funds.
As an aspiring or emerging LP, the journey is often a black box on how to pick great GPs to back. David Zhou spoke with dozens of LPs and published what he calls "his most tactical blog post to date" - a deep dive for emerging LPs.
A Deep Dive into the Challenges of Raising Your First Venture Capital Fund
Saka Saddiq Nuru
Saka Nuru of Funnder VC has spent the last 8 months fundraising for the first time. 1000+ emails, 47+ applications, and 6 newsletters later, he transparently shares a deep-dive on the challenges of raising in 2022, a market map of the LP landscape, and lessons along the way - including his take on raising publicly vs not.
Venture Firms’ $290 Billion ‘Dry Powder’ is About to Revive Startup Funding
Kate Clark
Startup founders should expect a tidal wave of venture capital interest next year as a record level of dry powder pressures VC funds to step up their investment pace, according to a new analysis of these cash reserves.
Black and Hispanic-owned venture capital and private equity firms have a particularly onerous time raising follow-on funds, according to new research from Harvard, Vanderbilt and the University of Michigan.
OpenLP is an initiative of Sapphire Partners, the LP arm of Sapphire Ventures. Sapphire Partners invests in early-stage, technology-focused venture funds from an evergreen-like capital structure.
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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.
