E71: Interview with RAISE Global Summit & Akkadian Founder Ben Black

Ben Black, Co-Founder of Akkadian Ventures, sits down with David Weisburd to discuss the RAISE Global Summit, the largest LP/GP conference. This is a masterclass on how venture capital GPs can raise venture capital funds and develop long-term relationships with LPs. David and Ben also delve into what differentiates the top venture funds, the importance of operational excellence in fund entrepreneurship, and prioritizing and managing relationships. (0:00) Insights from a senior person at a $10B fund (0:38) Welcoming Ben Black to the 10X Capital Podcast (0:46) Overview and success stories from the RAISE conference (4:35) Key traits of successful GP/LP relationships (6:28) Strategies for GPs to provide value and leverage podcasts (9:10) Unique GP fundraising approaches and criteria for RAISE selection (16:14) Professionalism and predictive value in fund presentations (19:59) Challenges for spinouts and fundraising without LP ties (22:25) Emerging manager landscape and 2021 impact on early-stage funds (25:03) Accessing new LP capital and balancing responsibilities (27:06) Acadian's direct secondary funds (29:16) Sponsor message and newsletter subscription plug (29:39) Evolution of fund building and LP relationship maintenance (31:40) Comparing fund entrepreneurs and investors (33:34) Strategic execution in fund entrepreneurship (35:24) Demand for fundraising-focused content and fund building timing (36:34) Partnering with emerging managers at Acadian (37:53) Effective relationship management and VC patience (40:38) Venture capital insights and economic downturn survival (42:02) Large outcomes' impact on VC careers and investment reflections (42:56) Final thoughts and key takeaways from Ben Black (43:35) Closing remarks and subscription reminder