Venture Unlocked: The playbook for venture capital managers

The Evolution of building a legacy firm at Venrock with Brian Ascher

17 snips
Feb 5, 2025
Brian Ascher, a Partner at Venrock with nearly 30 years in venture capital, shares insights from his impressive journey. He discusses how Venrock has adapted since its inception in 1969, focusing on modern challenges and strategies in tech and healthcare investing. Brian explains the significance of team collaboration in decision-making and the challenges of higher fund sizes. He also delves into navigating inflated valuations and the transformative potential of AI, making this conversation both timely and inspiring for aspiring investors.
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ANECDOTE

Career Path

  • Brian Ascher considered venture capital after business school.
  • He worked in product management at Intuit before joining Venrock through the Kauffman Fellows Program.
INSIGHT

Why Venture Capital and Venrock?

  • Venture capital offered a broader range of experiences than product management.
  • Venrock's entrepreneur-focused philosophy and the Rockefeller legacy appealed to Ascher.
INSIGHT

Venrock's Evolution

  • Venrock transitioned from a family office to an institutional model due to the evolving venture landscape.
  • They adopted a flat, transparent partnership structure, prioritizing performance and collaboration.
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