How I Invest with David Weisburd
E63: Chris Rizik on The Rise of Midwest LPs
May 2, 2024
Chris Rizik, CEO of Renaissance Venture Capital, discusses Midwest LPs, corporate innovation, fund manager evaluations, investment mistakes, emerging fund strategies, and networking challenges in the venture capital landscape.
27:00
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Quick takeaways
- Midwest companies have higher Muyks and require less investment for successful exits than coastal regions.
- Consistent 3-5X returns are favored over occasional massive returns in venture capital investments for a thriving fund.
Deep dives
Midwest Unicorn Companies
The podcast discusses the presence of unicorns in the Midwest compared to coastal regions. While the Midwest may not have as many decade unicorns as the coasts, it has showcased the existence of five unicorns in the past five years with higher valuations. Crunchbase's 10-year analysis revealed that Midwest companies have higher Muyks compared to other regions, indicating strong potential for successful exits. Despite not having decade unicorns, Midwest companies require less investment to reach exit points, leading to favorable returns.
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