Hi Casters. I wrote about some "inside VC" topics this morning. You may or may not find this interesting. But if you are in VC, particularly early in your career, you should give this a read.

Hi Casters. I wrote about some "inside VC" topics this morning. You may or may not find this interesting. But if you are in VC, particularly early in your career, you should give this a read. https://avc.xyz/reserves,-recycling,-and-returns

Thanks @fredwilson.eth  .. I’m a very disadvantaged solo-GP with zero investing experience (let alone VC experience) before I decided to start a fund 6 years ago. Ive made lots of mistakes but now manage $700M~ worth of investments across about 30~ founding lead (at incorporation) startups. Several have raised a ton more and I invest across funds and via SPVs. No reserves. Love to recycle though! And it’s working out great so far. For me raising the SPVs hasn’t been hard at all. Am I a weird alien exception or am I maybe doing something right?

I feel like returns are optimal if you just fully deployed funds and then did SPVs for pro ratas and follow ons …

Founder of OSS Capital.
https://oss.capital/

I've never used an SPV in almost forty years of venture investing. So I'm not experienced with that approach and can't really speak about it