The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified Investor Stories 389: Best LP Question (von Tobel, Felesky, Patil)
Feb 20, 2025
Listen in as prominent investors share their insights on the most impactful questions posed by allocators. Discover how team dynamics and family values are essential for driving investment performance. Dive into the innovative software tool, Sidecar, that streamlines venture capital management. The discussion also highlights the challenges faced by U.S.-trained investors in emerging markets, emphasizing the need for local knowledge and humility. It's a compelling look at what it takes to navigate the complex world of venture capital!
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The Importance of "Why?"
- When evaluating venture capitalists, deeply probe their motivations by repeatedly asking "why?".
- Understanding their "why" is crucial because venture capital is a long, challenging, and unconventional career path.
Valuing and Retaining Talent in VC
- High-performing individuals in venture capital should be compensated well and empowered to think independently.
- Groupthink is detrimental to success in venture capital, so fostering debate and diverse perspectives is essential.
Investing in Developing Economies
- When investing in developing economies, don't underestimate their complexity due to their perceived smaller size.
- Conduct thorough due diligence and understand the nuances of each market before investing.