This Week in Startups

Redpoint Ventures and Stepstone Group on VC Deployment, M&A, and Google's AI Strategy | E1934

51 snips
Apr 19, 2024
Logan Bartlett, a Partner at Redpoint Ventures, focuses on tech investments, while Hunter Somerville of StepStone Group specializes in fund investments. They dive into the challenges smaller venture funds face in the shifting fundraising landscape. The discussion reveals the significance of capital efficiency and governance in venture capital. They also explore the complexities of M&A and the caution needed in AI investments, highlighting the delicate balance of liquidity strategies and the importance of aligning incentives among investors and founders.
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INSIGHT

Fundraising Landscape

  • Fundraising is relatively easy for established, high-performing firms.
  • Smaller, emerging managers face greater challenges securing funding.
ADVICE

LP Investment Preferences

  • Limited partners (LPs) are wary of excessive late-stage investments.
  • Focus on early-stage investments to attract LP funding.
ANECDOTE

The VC God Complex

  • Jason Calacanis observed some venture capitalists exhibit a "God complex."
  • He emphasizes the importance of humility and diligence for VCs.
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