I am most interested in seeing which new venture capital fund managers are being created as a result of this market period of inflection, as no doubt the venture capital industry is undergoing it's next iteration of transformation. Firms like Sequoia Capital, Lightspeed, Greylock, Emergence Capital, Foundry have undergone various degrees of firm, product and personnel changes - not to mention countless others that could split, no longer raise a subsequent fund (either voluntarily or involuntarily).
From prior market cycles (we have seen 3 major cycles over the past 25 years), what lessons can we take and apply going forward to identify and back the next class of high-performing emerging private markets fund managers?
What is the next phase of decentralization from the SF Bay Area/Silicon Valley ecosystem? NYC really showed leadership over the past decade and a half with top tier firms such as Thrive Capital, Union Square Ventures, IA Ventures, boldstart ventures. Which other parts of the United States will bring out the next generation of venture capital fund managers?
One of the most interesting aspects of this industry is to find the next outperforming fund managers, and relationships across the ecosystem - limited partners, fund managers, founders, asset consultants, placement agents and fund of funds(last but certainly not least as I highly value the Fund of Funds function objective) are paramount is achieving this task.
Exciting times ahead in private markets!
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Congrats on Fund IV! -Belief in a thesis and team is crucial for success. Raising capital is always a challenge, but your dedication shines through. 🚀💼