The 10X Capital Podcast
The 10X Capital Podcast is a podcast that interviews the world's leading institutional investors. Previous guests include The Ford Foundation, Northwestern University Endowment, CalPERS, Stepstone, and other top limited partners.
E35: Ben Gallacher of Cannonball on "Value per Dollar Invested" and How it Predicts Fund Performance
Ben Gallacher sits down with David Weisburd to discuss venture capital, his journey as an LP, and the challenges emerging managers face. They discuss check sizes, diligence processes, and the impact of a GP leaving during an investment life cycle. They also cover the role of CFO/COO in GP operations and the importance of supporting emerging managers. The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co
Key Points
- Fund ones often perform well historically because those involved are not predictors but have a clear understanding of the current landscape, which informs their funding decisions for what needs to be built today.
- Emerging venture capital managers may underestimate the operational side of running a fund, such as back-office work and investor relations, which were typically handled by other teams in larger VC firms.
- In venture capital, a collaborative check-writing approach can allow emerging managers to punch above their weight class, as it enables them to participate in deals with leading firms and provides scalability for their fund strategy.
Chapters
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| 1:00 | |
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| 9:35 | |
| 13:12 | |
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| 21:24 | |
| 27:14 | |
| 33:40 | |
| 38:38 | |
| 41:07 | |
| 41:53 |
Transcript
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