The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC Roundtable: Why Early Stage Founders Should Not be Investing, Why Great Founders Have Low EQ, How the Structure of VC Firms Will Change, Will Founder-Led Funds Compete with Sequoia & Is Investing a Team Sport?
Nov 3, 2023
Jack Altman, the CEO of Lattice, Auren Hoffman, the founder of SafeGraph, and Jason Lemkin, the CEO of SaaStr, discuss the rise of founder-led funds and their competitive dynamics with traditional VC firms like Sequoia. They emphasize the unique empathy founders have towards other entrepreneurs. Topics include how operational experience enhances investment decisions, the necessity of collaboration in investing, and the evolving landscape of venture capital. They also touch on emotional intelligence in successful founders and the balance between investing and running a startup.
49:53
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Quick takeaways
- Founder-led funds offer unique advantages, providing tactical advice and support from experienced founders.
- Division of responsibilities and expertise in founder-led funds leads to a comprehensive and effective investment approach.
Deep dives
Founder-led funds and their advantages
Founder-led funds, run by founders who are actively managing their companies while also managing institutional outside capital, offer unique advantages. One advantage is the source of tactical advice and support from someone who has experienced the challenges that founders face. Founders as investors can provide relevant, up-to-date insights compared to traditional venture capitalists. Additionally, founder-led funds offer a different perspective and a combination of operational experience and investment expertise. The involvement of founders in investing not only benefits the founders but also provides an edge for LPs by combining operational experience with a strong brand presence.
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