Superclusters - The Emerging LP Podcast Can Your Check Size Win You Board-Level Transparency? | Apurva Mehta | Superclusters | S6E8
Nov 17, 2025
Apurva Mehta, co-founding Managing Partner of Summit Peak Investments, shares his insights on venture fund investments and the importance of board-level transparency. He discusses how younger investors can harness AI while maintaining core investment skills. Apurva dives into the qualitative metrics that matter in evaluating GPs, advocating for deep relationships over brand names. He reflects on his experiences building a venture portfolio from scratch and the swift decision-making processes at endowments. Plus, he shares fun anecdotes about community-building events!
AI Snips
Chapters
Transcript
Episode notes
Learn Mechanics Before Trusting AI
- Leverage AI heavily but first learn the underlying data and mechanics of investments.
- Understand how IRR, TVPI and marks are calculated so you can tell the right story to committees.
One-Minute Attention Rule
- Tailor presentations to the audience: you often have under a minute of attention from senior decision-makers.
- Use a clear top-line story and put supporting details behind for those who dig deeper.
Numbers Need Valuation Context
- TVPI or IRR numbers alone can be misleading if you don't know valuation methodology and last-mark timing.
- Dig into when companies were last priced and whether marks reflect true fair value versus stale rounds.