Lindel Eakman sits down with David Weisburd to discuss his journey in the industry, the sustainability of a GP style, and the importance of culture fit in venture capital. They delve into generational transitions, conflicts in venture firms, and the persistence of LP returns, as well as Lindel’s investment strategies, views on search funds, and thoughts on seeding platform opportunities.
(0:00) Is venture the best asset class?
(0:19) Allocating capital in venture and equity exposure options
(1:17) Lindel Eakman's career start and transition to venture capital
(3:06) Investing in Union Square Ventures and the importance of a GP's point of view
(6:58) GP style vs. market cycles and culture fit in venture capital
(10:02) Analyzing successful venture funds and challenges in generational transfer
(13:48) Decision to not raise another fund and LP skill sets in early-stage venture
(17:37) Persistence of LP returns
(18:01) Sponsor: Deal
(18:31) Seeding Michael Kim and insights from managing a large endowment
(21:38) Revisiting venture as the best asset class and hedging strategies
(23:25) Search funds and benchmarking issues in venture investing
(25:40) Seeking upside volatility and investment strategies of large institutional investors
(28:41) The role of structure in generating alpha and seeding platforms in VC
(32:08) Risks of solo GPs and Lindel Eakman's future plans
(35:43) Closing thoughts and gratitude
