E34: Aakar Vachhani of Fairview on What The Top 1% of GP’s Share in Common

Aakar Vachhani sits down with David Weisburd to discuss the role of data in venture capital, Fairview's unique structure, and their co-investment program. They also delve into the discipline of making investment decisions, the advantages of a fund of funds, and the importance of team cohesion in VC firms. Vachhani also shares best practices for data rooms and advice for LPs as Fairview celebrates its 30th anniversary.

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(0:00) Introduction to Aakar Vachhani and Importance of Team in Investment Decisions (1:30) Cambridge Associates Experience and Access to Data (4:18) Venture Capital Returns and LP Consultant vs Fund of Funds (6:55) Fairview Capital's Mission, Structure, and Investment Focus (10:28) Co-investment Programs and Adverse Selection (22:01) Asset Deployment Discretion and Down Market Strategies (25:04) Capital Raising and Deployment Consistency (27:00) Evaluating Emerging Managers and Predictive Factors (29:37) Assessing Firm Culture and Successful Strategies (33:30) Follow-up Investment Decision-making Process (35:55) Diligence for Emerging Managers and Strategy Pivots (40:46) Data Room and LP Memo Best Practices (45:00) Crafting an Effective Emerging Manager Deck (48:00) GP Credibility and Common Pitfalls (51:50) From Initial Meeting to Writing the First Check (55:00) Risk-Reward Balance in Fund Investments (58:17) Fairview's Investment Philosophy and Mentorship Value (59:50) Closing and 10X Capital Newsletter Introduction