Founders

The best example of this alternative product is Indie.VC, run by Bryce Roberts. Over the course of 6 years, Indie invested in 40 companies. It held the two key components of limited fund size and gave equity optionality through redemption clauses or equity buybacks. The results are encouraging, with a 51% IRR and 4.3x TVPI, while 87% of the companies generate returns with 54% doing over $1M in revenue, 30% doing over $5M, and 10% over $10M. It did all this while having a 50/50 split between male and female founders, with 20%+ being black founders.

🐐 🐐

The best example of this alternative product is Indie.VC, run by Bryce Roberts. Over the course of 6 years, Indie invested in 40 companies. It held the two key components of limited fund size and gave equity optionality through redemption clauses or equity buybacks. The results are encouraging, with a 51% IRR and 4.3x TVPI, while 87% of the companies generate returns with 54% doing over $1M in revenue, 30% doing over $5M, and 10% over $10M. It did all this while having a 50/50 split between male and female founders, with 20%+ being black founders.

🐐 🐐

https://every.to/napkin-math/venture-capital-is-ripe-for-disruption