Stephen Bluestein, a partner at Adams Street Partners with a rich history in venture capital, shares insights with LP Beezer Clarkson. They explore what defines a franchise fund and the intricate process of achieving that status. Topics include the essential performance metrics needed to qualify as a franchise and the necessary adaptability for ongoing success. Bluestein emphasizes the importance of intentionality and maintaining a strong brand. This conversation is a treasure trove for anyone looking to understand the nuances of venture capital.