How are investment funds adapting strategies for strong exits?

David Weisburd

Co-Founder · Weisburd Pierce

Concentrating Follow-On Capital

David Weisburd says funds are concentrating follow-on capital into a few winners, because otherwise their stakes get diluted and asymmetric returners are not meaningful enough at the fund level.

The answer starts at 47:54.

Itamar Novick

Founder & General Partner · Recursive Ventures

Making More Deals

Itamar Novick says venture capital funds should and are making more deals per fund, not fewer, because he expects the VC power law to be on steroids this cycle, with winners potentially 200x rather than 100x.

The answer starts at 35:26.

Charles Hudson

Managing Partner · Precursor Ventures

Acquisition-Ready Profitability

Charles Hudson says the path is to build a more profitable, sustainable company that might eventually interest an acquirer, because acquirers buy companies that solve a significant problem in their business and founders suffer less dilution.

The answer starts at 6:41.

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Morgan Flager

Managing Partner · Silverton Partners

More C-Stage Checks

Morgan Flager says his firm has a slight bias toward more C-stage checks, because the gap between real winners and everything else has widened and top companies now reach dwarfing valuations.

David Frankel

Managing Partner · Founder Collective

Focus on Breakout Ownership

David Frankel says venture has become a game of selling access to a tiny set of breakout companies — fewer than a hundred sustainably $10 billion-plus firms in 25 years — so the game is about being in the winners, and advises swimming in the lane that's in your favor.