This Week in Startups
How LPs identify top emerging fund managers with Slipstream’s Alex Edelson | E1898
Feb 15, 2024
Join Alex Edelson, Founder and Managing Partner of Slipstream Investors, as he dives into the world of venture capital. He explains the unique role of fund of funds and why investors prefer this approach. The conversation highlights how early-stage funds generally outperform larger ones and the impact of ownership dynamics on returns. Alex shares insights on identifying winning startups and the crucial strategies for generating liquidity for limited partners, making this an essential listen for anyone in the investment arena.
01:21:21
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Quick takeaways
- The size of the initial funds and investments is crucial for a venture capital firm's long-term success, emphasizing the importance of getting the first few funds right in order to maintain continuous capital raising.
- Understanding the perspectives and insights of limited partners (LPs) is essential for aspiring LPs and startup founders navigating the venture capital landscape, as LPs back general partners (GPs) to gain exposure to the asset class, diversify their portfolios, and access top-tier brands.
Deep dives
Importance of Fund Size and Initial Investments
In the podcast episode, the speaker highlights the crucial role that the size of the initial funds and investments play in a venture capital firm's long-term success. It is emphasized that getting the first few funds right is vital for maintaining continuous capital raising. The size of the fund is typically smaller during the initial stages, and the core team handles the investment sourcing, selection, and adding value. The discussion acknowledges that as teams grow and fund sizes evolve, challenges may arise, making it essential to prioritize fund performance and early investments.
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