dara5

🌳 Thrilled to have hosted leading LPs and GPs in Europe at #GoAnalogue with dara5 🥾 This weekend, we took a break from the boardrooms and spreadsheets and hit the trails for a day hike in the stunning Chilterns. Each LP invited a portfolio GP, and what a fantastic turnout we had! Being with a high-quality group of investors in a non-transactional setting was refreshing. Conversations flowed naturally, away from the hustle and bustle of London. There are many ways we can think about building genuine connections in VC... excited to plan for v 2.0 A huge thank you to everyone who participated and made this day unforgettable! #VC #venturecapital

Fantastic to cohost the second vintage of the Founders Family Office Forum! What a day for it too ☀️

🫶 We loved co-hosting the first Family Office Forum with the Founders Forum Group last year This year's looks set to be even better, with bigger plans that include some of the world's most exciting speakers! Looking forward to continuing in 2024. #VC #venturecapital #familyoffice #FO

dara5's year in numbers: 👉 // 562 direct/co-investment opportunities assessed 👉 // 458 fund LP opportunities assessed Want to be next? Fill in the 30 second form below to speak directly with our investment team #VC #venturecapital

Alt Goes Mainstream by The AGM Collective asked the experts in private markets for their 2024 predictions. They shared their views on the continued evolution in private markets, leaving us with the gift of their wisdom in the holiday season. Here are excerpts from the Family Office Perspective (5/7): Mario Götze, Companion-M & Eintracht Frankfurt professional footballer: "Advisors without any programmatic strategy in alts will face significant challenges in acquiring and retaining the next-generation client. Investors will ask for a wider menu of options for diversification, specifically unique private opportunities ranging from venture capital to private credit. You need to be big enough (AuM) and be as flexible as possible at the same time to make the best decision for your portfolio. At the same time ‘small’ enough to invest in emerging / first time manager without interfering with your strategy and portfolio construction." James Heath, Investment Principal, dara5: "2024 will be the year of the hyper specialist VC. Where conviction is hard to come by, and FOMO isn't driving investment decisions, specialists who know how to pick in this market will shine." Read on to see their full predictions 👇 https://lnkd.in/eF5vC4Cw

🌍 Thrilled to have hosted leading LPs from #Europe and the #US at our MOLTEN X Slush dinner in Helsinki last week! Building a robust LP ecosystem to foster growth in the early-stage venture ecosystem is at the heart of our FoF mission at Molten. We look forward to nurturing these relationships for years to come, sharing insights and exchanging ideas with our friends in Europe and across the pond! 👏 A special shout-out to Juha for his array of amazing work in seamlessly integrating LPs into this year's Slush agenda. Jonathan Sibilia (Molten Ventures) ✨ Raphaël G. (LGT Capital Partners), Erik Ogren, CFA (Carnegie Mellon University), Eric Fitzgerald & Luke Hambly (Top Tier Capital Partners), Tom Haywood, CFA & Chris Smart, CAIA (British Patient Capital), Romain Stokes (Quadrille Capital), Clark Cheng, CFA, FRM, CAIA & Ilkka Anhava (Merrimac Corp), Rodrigo Ferreira & Gregor von dem Knesebeck (Blue Future Partners), Iyan Unsworth (AVP (AXA Venture Partners), Maya Ghayad (Id4 ventures), Kaylee Lawcock (Sofina), James Heath (dara5), Thomas Moon, CFA (UCLA Investment Company), Michael Powers, CFA (Ontario Teachers' Pension Plan), Casey Johnson, CFA (Howard Hughes Medical Institute), Chloe Dagnell (Isomer Capital), Philipp Goehre Haniel).

James Heath, dara5 on How Family Offices Access Top Venture Funds | E20 Below is my conversation with James Heath on Why Co-investments are Instrumental to Their Strategy & How to Prevent Adverse Selection. “We've always been a big believer in smaller funds. I know everyone has a bit of a different definition on smaller funds; ours is between 70 and 250 million dollars I would say as a sort of a sweet spot. And generally we're in those funds. We're trying to be anywhere between five to 10 percent of that fund. So we're never a cornerstone investor, but we do want to be probably a top five, top ten in terms of size. And other LPs that drive towards that sort of ownership do it for various reasons. You know, some people might want to take part of the GP, some people might want to sort of negotiate better fees and better economics. We do it for the sort of co-investment side of things and making sure that we have a close relationship with the funds that we back. You know, one of the key things that we look for when we go into a fund is how collaborative they are and know much they do co-invest with their LPs.” Time Stamps (00:00) Episode Preview (01:36) How PwC evaluates venture companies (03:25) Non-consensus learning about VC (04:30) Look for entrepreneurs that are trying to solve a critical problem (06:25) What is dara5? (08:36) How can information provide alpha? (11:01) The importance of data when co-investing (12:32) Warm versus cold intro co-investments and how to implement a double gated process (15:53) Episode Sponsor: Bidav Insurance Group (17:22) Smaller funds and ownership levels (19:06) Build long term relationships with GPs: education and casual conversations (24:13) The changing power structures in fundraising (25:34) The competing dynamics of a challenging market and investor friendly terms (28:16) How family offices should invest in venture (31:19) How to unlock the mean venture IRR of 50% (34:29) Which is a better investment: top decile backed company or an emerging manager? (35:45) Reaching Series B increases likelihood of unicorn status to 24% (37:27) AGM best practices (39:45) The importance of sharing knowledge (41:40) Why only early stage venture is non-zero sum (45:46) What’s actually going to happen in the VC reset (50:21) The emergence of European VC (51:52) Don’t be scared of emerging managers #OpenLP  Turpentine Erik Torenberg Thank you to our sponsor Ahmet B.

This year we have looked at: 👉 // 468 companies 👉 // 394 funds Want to be next? Fill in the 30 second form below to speak directly with our investment team #VC #venturecapital