David Weisburd sits down with David Clark, Investment Director at VenCap International PLC to discuss his viral post about power laws in venture capital, manager predictability, adverse selection in VC, and what percent of startups go to zero. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.
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TIMESTAMPS:
(00:00) Episode Preview
(02:40) David Clark's data set of over 250 early-stage funds
(04:40) Power laws and fund returns
(09:20) Survivorship data and challenges in emerging managers data
(12:30) Succession in VC
(14:36) Sponsor: AngelList
(18:43) How do you back the top 1% of companies
(21:30) Ownership percentages and returns
(29:00) Follow on that a fund should reserve at every stage
(36:30) Ten year predictions for VCs and LPs
X / Twitter:
@Daveclark85
@dweisburd (David)
@eriktorenberg (Erik)
LINKS:
https://www.vencap.com/
SPONSOR: AngelList
The Limited Partner Podcast is proudly sponsored by AngelList.
-If you’re in private markets, you’ll love AngelList’s new suite of software products.
-For private companies, thousands of startups from $4M to $4B in valuation have switched to AngelList for cap table management. It’s a modern, intelligent, equity management platform that offers equity issuance, employee stock plan management, 409A valuations, and more.
If you’re a founder or investor, you’ll know AngelList builds software that powers the startup economy. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.
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Questions or topics you want us to discuss on The Limited Partner podcast? Email us at LPShow@turpentine.co
Music license: MPARQG8YL5B6UI9W
