"Turpentine VC" | Venture Capital and Investing E63: How Mamoon Hamid and Ilya Fushman Continued Kleiner Perkins’ Legacy
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Nov 4, 2024 
Mamoon Hamid and Ilya Fushman, partners at Kleiner Perkins, share insights on evolving venture capital strategies. They discuss the importance of collaboration and recruiting top talent to navigate the industry's shifts. The duo explores how modern investment approaches balance traditional methods with personal relationships. They also highlight the impact of emerging technologies like AI and Web3 on the need for founders to remain competitive. Their vision for a new kind of venture firm stresses the significance of building strong teams and nurturing relationships with founders.
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Hamid's Recruitment
- Mamoon Hamid credits Ted Schlein for recruiting him to Kleiner Perkins.
- The decision was made by the partnership, highlighting the firm's collaborative culture.
Craftsman Approach
- Kleiner Perkins emphasizes a "craftsman approach" to venture capital, valuing experience and empathy.
- This approach involves a small, focused team with shared context and complementary expertise (majors and minors).
Decision-Making Process
- Kleiner Perkins' venture fund decisions are driven by partner conviction, not formal votes.
- Growth fund decisions, however, require unanimity due to larger check sizes.