Venture Unlocked: The playbook for venture capital managers

Jack Altman on the transition going from building a Unicorn with Lattice to starting a venture firm

14 snips
Jul 30, 2025
Jack Altman, Managing Partner at Alt Capital and co-founder of the unicorn Lattice, shares his journey from startup leader to venture capitalist. He explores the nuances of transitioning from operator to investor and the significance of founder relationships. Jack highlights the critical role of supportive board members and honest communication in fostering trust. He offers insights on evaluating talent and navigating the AI technology landscape, emphasizing the importance of backing passionate founders amidst market fluctuations.
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INSIGHT

Venture vs Startup Dynamics

  • Running a startup is designed to scale with short feedback loops and direct control.
  • Venture investing involves long feedback loops with influence but no control, making it fundamentally different.
ADVICE

Give Honest, Tough Feedback

  • Build high-trust relationships with founders to give and receive direct, calibrated feedback.
  • Honest, tough feedback is a true kindness that helps founders grow and navigate challenges.
INSIGHT

Coherence Defines Great VCs

  • Coherence in worldview, strategy, and fund size distinguishes great VCs.
  • Many different strategies can succeed if there's internal consistency within the firm's approach.
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