Been saying it for years. Across PE, track records are a lagging indicator (and performance vs. 'benchmarks' is even more spurious). Allocators must focus on the why and the how rather than just the headline returns. institutionalinvestor.com/article/b1z964…

LOVE THIS Sunil Nagaraj

Touring office subleases in SF that are empty of people, but full of the nicest desks, sofas, yoga/pilates rooms & even Van Gough paintings (!!!) I've ever seen. Crazy to reflect on how much investor $ has been wasted on empty tech offices & furniture during the "wonder years."

What's the latest on the Clearco situation, John Ruffolo and Matt Cohen discuss. Listen to the whole conversation plus M. Curtolo of Allocate talks about investor relations and tips for hosting successful AGMs. open.spotify.com/show/7v68cF3dw…

No “heard from VC LPs” this week thanks to COVID 😷, so I thought I’d throw together a 🧵 on Five LP Communication Principals. Just reflections from a long time working with LPs. Applies to communicating both good and bad news. Enjoy!👇

RIP to one of the best ever, about to celebrate his 100th birthday. Listen to his recent Acquired Podcast episode - the guy remained extremely sharp up until his last days. Can't imagine what the shareholder meeting will be like next year.

This seems real sketchy.

What I take away from this, as it relates to allocators -- safety in numbers / herd mentality persists, misaligned organizational values / compensation to seek and reward true alpha, flight to perceived quality despite potentially worse alignment. pitchbook.com/news/articles/…

Many who jumped in when the waters were calm are realizing that this is a really hard sport. Bigger questions is what happens with these zombied funds... pitchbook.com/news/articles/…

🚨👀⛳️ #POST ROUND — “I still think that the Ryder Cup is the best tournament that we have in our game, pure competition, and I think this has the potential to be right up there with it. I think with how much of a shit show the game of golf is right now and you think about the

Pete Alonsos homerun: Moneyball edition

This hurts, but it’s not like 2015 or 2006 The 2024 Mets were important. They fought like hell. They brought the fanbase together. They will always have a special place in franchise history And the future is impossibly bright. These Mets will be back with a vengeance

It's embarrassing the hate the National Media has for the Mets. Dodgers won a hard fought series and we're the better team, but every step of the way Fox laid it on thick. Let's rethink announcers for the postseason going fwd...

This now is the hardest market for startups to raise capital I’ve seen since 2015. I am so confident the absolute best of the best companies will come out of these tough times.

🎙️ New episode! An LP & friend M. Curtolo shares insights from 20+ years in investments — covering challenges for emerging managers, knowing your “why,” and the importance of authenticity in venture Tune in! Spotify 👉 [lnkd.in/g3cyDTpE] YouTube 👉 [lnkd.in/gzPwds6g]

The Big Book of VC (Q3 2024) was just released. What stayed the same? Slowdown in funding: • Down rounds • Exit/IPO challenges • Investor-friendly terms (n/w Seed-stage & AI resilience) What changed? Concentrations: • 33% of VC→AI • 41% of AI→SV • 90% of LP $→Old VC

Check out my latest article: Do You Like Your Job? A Journey linkedin.com/pulse/do-you-l… via LinkedIn

StepStoneVC research on what signals matter most in DD of a VC fund. How important is recent fund performance? Probability of finishing top quartile in yr 10, given the fund was top quartile in yr X 👇🏻 Year 1 ➡️ 30% Year 2 ➡️ 36% Year 3 ➡️ 43% Year 4 ➡️ 46% Year 5 ➡️ 48%

5 ways to get ahead in life: Don’t be an asshole Don’t be an asshole Don’t be an asshole Don’t be an asshole Don’t be an asshole

🚨 Ever wondered what really makes top Limited Partners (LPs) say “yes” to a General Partner? 🤔 👇 I just unpacked the “Top 10 Things LPs Look for in a General Partner” after a candid conversation with Matt Curtolo, CAIA (ex-Hamilton Lane, MetLife). You might be surprised which