Braughm Ricke on The Rise of Emerging Managers & The Industry Supporting Them

On today’s Tank Talks we have Braughm Ricke, founder and CEO of Aduro Advisors, which is a platform that allows fund to streamline accounting and operations.

Braughm’s Background:CEO and Founder of Aduro Advisors in Denver, CO. Former Founding CFO of True Ventures with over 20+ years of VC experience. He began his career in venture capital in 1999 and was the Controller at Sofinnova Ventures. Before working in the venture industry, he was an Accounting Analyst at Fidelity Investments. Braughm launched Aduro as a tech-enabled Fund Administrator and has grown to over 300+ Firms and over $30 Billion assets under administration and works with top tier managers like Lowercase Capital, Homebrew, and Craft Ventures.

In this episode we discuss:

01:46 The spark to leave True Ventures and start Aduro

03:14 What emerging managers ask when starting a fund

04:15 Defining fund administration

06:04 How Aduro handles the boring things while managers source deals

06:57 The opportunity for technology to disrupt the VC world

09:18 How Aduro scales with clients

11:16 LPs and how they are adapting to the surge in emerging managers

13:13 Fundraising and timing the market

15:56 Launching an institutional fund on Angellist

17:13 How new crowd equity platforms will effect emerging managers

19:16 The rise of co-investing

20:32 Emerging managers of fund of funds

21:24 Breaking up the VC oligopoly with data

23:57 How using tools like Aduro gives managers and LPs more confidence

25:15 What funds will look like moving forward

27:01 The push for data standardization across the industry

29:47 Giving LPs clarity as dilution and other factors happen

Books Braughm recommends:The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph by Ryan Holiday

The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William N. Thorndike

Ready Player Two by Ernest Cline

Follow Matt Cohen and Tank Talks here!

Podcast production support provided by Agentbee.Agency

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com