E22: Phin Barnes on Unbundling VC
"Turpentine VC" | Venture Capital and Investing
Introduction
Discussions on hiring positions, introducing the guest, and building a YC for emerging fund managers.
In this episode of Turpentine VC, Phin Barnes, co-founder of The General Partnership, joins Erik Torenberg to discuss Phin’s idea of building a YC for emerging fund managers, the sweat equity model, and building the General Partnership. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/turpentine
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RELATED SHOWS: The Limited Partner
If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner
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X / TWITTER:
@phineasb (Phin)
@theGP (The General Partnership)
@eriktorenberg (Erik)
@TurpentineVC
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TIMESTAMPS:
(00:16) Episode Preview
(01:16) The Journey of Starting a Venture Firm
(05:49) Exploring Different Business Models in Venture Capital
(08:56) Building a YC for Emerging Managers
(12:53) The Evolution of Sweat Equity Ventures
(20:00) The Sweat Equity Model
(24:24) The General Partnership’s Product Offering
(26:53) Sponsor - Netsuite and Shopify
(29:30) Fund Sizing
(35:49) Unbundling of Venture Capital
(45:04) Advantages of Service for Equity
(49:06) The GP’s Services Pricing
(50:38) Incubation
(54:02) The Importance of Talent Networks
(01:07) Advice for Starting a Fund Right Now
(01:14) Talent Networks
(01:19) The GP’s LPs
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