The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified Investor Stories 383: Best LP Question (Droesch, Inkinen, Roizen)
Jan 9, 2025
Investors share their most intriguing allocator questions, shedding light on what really matters in venture capital. A captivating discussion on the value of autonomy in investment firms reveals how mentorship fosters growth. The conversation emphasizes the need for deeper connections, moving beyond typical inquiries to understand founders better. Plus, a tasty tale about a successful partnership with Omaha Steaks highlights how quality cuisine can drive profitability. This blend of insights and innovative approaches makes for an engaging listen!
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Why Bessemer?
- An LP asked Mike Droesch why he would stay at Bessemer Venture Partners long-term.
- He explained the firm's unique structure, autonomy, mentorship, and decentralized model.
Focus on Founder's Story
- Sami Inkinen believes VCs should ask founders about their upbringing and hardships.
- He finds questions about go-to-market strategy and unit economics less insightful.
Why Venture Capital?
- An LP asked Heidi Roizen why she does venture capital.
- She replied that she enjoys working with smart people solving big problems, even if the pay wasn't great.