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Joe Toledano
@joetoledano
What does the overlap (if there is any) tend to look like among LP's for different firms and vintages? Like do y'all ever see instances of the same LP investing in similar funds across different firms?
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Ben - [C/x]
@benersing
Can't speak to all industries, but in mine there's a lot of overlap. As an example, search “Calpers pension VC investments” and you can see all the funds they’ve invested in.
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Joe Toledano
@joetoledano
Ah super interesting - I'd imagine that might lead to some interesting dynamics playing out Do you think there a potential ethical/moral hazard with that?
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Ben - [C/x]
@benersing
How so?
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Joe Toledano
@joetoledano
Wouldn't that create the potential of sensitive information possibly being shared?
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Ben - [C/x]
@benersing
What sensitive information do you have in mind that could harm others if shared, without also harming the investor sharing it?
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Joe Toledano
@joetoledano
Candidly I don't know enough about what correspondences look like between GP's and LP's to have a good answer here. From an outsiders perspective maybe any sensitive details about potential deals in the works or portfolio company performances
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