The Learning Corner by Precursor Episode #2: Anthony Kwesi Hagan, Euclid Insights, Sarah Tavel's Newsletter
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Oct 4, 2024 This discussion shines a light on the critical need for transparency in LP-GP relationships, particularly as liquidity pressures mount. The conversation also navigates the emerging trend of AI-first roll-ups and their implications for tech-enabled services. Insights into managing legacy assets reveal key strategies for future success. Furthermore, the complexities around AI seed investing are unraveled, emphasizing risks and innovative approaches in the rapidly evolving B2B AI landscape.
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LP Liquidity Needs
- LPs' expectations regarding liquidity have shifted drastically, influenced by recent market volatility.
- GPs must balance short-term liquidity needs with long-term return optimization for their LPs.
Strategic Early Exits
- Consider selling some positions early, even if it means sacrificing some potential returns, to provide LPs with liquidity and mitigate risk.
- Not all assets appreciate indefinitely, and early distributions can smooth the ride for LPs.
Founder Alignment in Secondary Sales
- Charles Hudson discusses his approach to secondary sales, prioritizing alignment with founders who are also selling.
- He aims for a collaborative approach, avoiding antagonistic or hostile tactics.