10X Capital Podcast
The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.
E36: Masterclass on Portfolio Construction with Anubhav Srivastava, CEO of Tactyc
Anubhav Srivastava, CEO of Tactyc, sits down with David Weisburd to discuss iterative portfolio construction, portfolio size impact, fund recycling and check size, reserve strategies, and follow-on investments. They also explore the future of Tactyc and lessons from clients.
Key Points
- Reserve ratios for pre-seed and seed funds vary significantly based on fund size, with smaller funds around $25 million typically maintaining a 20-25% reserve, while larger funds of $70 million or more may target closer to 50%.
- Most venture funds, particularly those in the early stages, should prioritize achieving a critical mass of around 35 to 40 investments to ensure enough shots on goal, rather than focusing primarily on reserve ratios.
- Tactic's software provides venture capital funds with essential tools for both raising funds and managing them effectively, emphasizing iterative portfolio construction and continuous optimization of fund performance.
Chapters
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| 2:26 | |
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| 8:29 | |
| 11:27 | |
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| 16:41 | |
| 19:31 | |
| 21:26 | |
| 22:46 |
Transcript
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