Capital Allocators – Inside the Institutional Investment Industry Venture Capital Panel – Beezer Clarkson, Chris Douvos, and Joelle Kayden (Capital Allocators, EP.299)
Feb 27, 2023
Beezer Clarkson, a respected investor at Sapphire Ventures, Chris Douvos of Ahoy Capital, and Joelle Kayden from Accolade Partners dive into the current state of venture capital. They explore the challenges facing venture capitalists post-market selloff, discuss funding discipline, and the impact of fresh entrants on strategies. The trio also highlights future opportunities, especially in the blockchain sector, and shares insights on navigating seed stage valuations and the importance of seasoned management in these turbulent times.
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Venture Capital's Rise
- Venture capital became overly popular due to accommodating Fed policy and the search for growth.
- The rise of "entrepreneur investors" and consistently good returns fueled a self-feeding frenzy.
FOMO and Venture Capital
- Investors experienced FOMO and continued investing despite frothy market conditions.
- The belief that even bad venture vintages returned capital encouraged further investment.
Consistent Pacing
- Pace yourself consistently in both up and down markets to avoid overcommitting.
- Consistent pacing helps manage risk and prevents impulsive investment decisions.