Jamie (Dranoff) Rhode, CFA retweetledi
Today I’m debuting Parable.
Successful companies make the impossible, inevitable. Their stories live long enough to become parables that inspire generations.
English
Jamie (Dranoff) Rhode, CFA
77 posts
Jamie (Dranoff) Rhode, CFA
@Lady10x
#EarlyStageVenture #Seed #investmentmanagement 📈 #DataDriven #WorldTraveler ✈️ #Foodie 🍽 #SportsFanatic 🏀🏈⚾️🏒 GO BIRDS
Philadelphia, PA Katılım Mart 2017
1.2K Takip Edilen936 Takipçiler
Jamie (Dranoff) Rhode, CFA retweetledi
We’re excited to announce Sunflower Capital Funds I and II. Sunflower is a $250m fund that partners at the earliest stage with companies building foundations for modern enterprises, critical industries, and the physical world.
English
Jamie (Dranoff) Rhode, CFA retweetledi
Fundraising as a General Partner is more competitive than ever, making it essential to differentiate yourself from the crowd.
In our upcoming Sydecar Session, you'll learn what LPs look for in a pitch and how to stand out with and beyond the slide deck. Our panelists include Jamie Rhode (@Lady10x), Partner at Screendoor, and Benedikt Langer, founder of Embracing Emergence and seasoned investor with experience in VC and private lending.
Join us on Wednesday, February 19th at 3P ET as we discuss positioning your unique edge, building a compelling personal brand, crafting meaningful updates, and leveraging your network effectively. Whether you're actively raising funds or preparing for the future, this webinar will provide you with practical tools to leave a lasting impression.
Sign up today: us06web.zoom.us/webinar/regist…
English
English
I’ll be cheering from the crowd for my friend @DStrachman as she rocks the @RAISE stage next week. Being a @1517fund I, II, III, and IV LP is the best decision we’ve ever made at @invariantes . And… the slides are 🔥🤠🔥
Danielle Strachman 💗 🐈 💃 🪴 🎸 🎨 🐕@DStrachman
Proud to announce that 1517 has been selected to present at the 2024 @RAISE Global Summit! Only 17% of funds make it to Fund IV -- and we'll be officially launching our fourth fundraise with some wily slides! You gotta be there to see them (made by a 1517 grantee too!). Exciting times ahead! Let's GOO00oooooooo! raiseglobal.co/raise-select-2… #RAISEGlobalSummit #EmergingManagers #VentureCapital
English
Jamie (Dranoff) Rhode, CFA retweetledi
Over the past 2.5 years I have put my head down and focused on what I know to be true - there are few fantastic dedicated early stage firms and even fewer that you have ever heard of. Perhaps this firm could be both. forbes.com/sites/alexkonr…
English
@daveclark85 Have you run a Pearsons correlation between year 5 TVPI and year 10 TVPI? Be curious, I would assume not correlated, but be interesting to see if there is a point in time with strong predictive power.
English
So we quickly looked at our data to see if DPI in year 5 is a good predictor of final performance. We analysed 71 funds from vintage years 2005-2008. The correlation between year 5 DPI and current DPI was just 0.22. /1
David Clark@daveclark85
DPIs - it takes 10-12 years for a company to go from being founded to IPO. Don't expect much DPI in the first 5 years of an early-stage fund's life. Also, liquidity in VC comes in waves. 2021 was one of these waves. So, no surprise later vintages are lagging on DPI. /5
English
@daveclark85 Agreed! IRR is noisy, TVPI is correlated to DPI. If you are looking for significant DPI before year 6, early-stage VC is not for you, look to other asset classes like Buyout. Compounding capital for long periods of time lead to outsized returns. Duration is a feature not a bug!
English
Summary - VC is hard. Average VC fund performance is disappointing. Most companies will fail. It takes a decade for the winners to really develop. This report confirms that market reality has been restored. /7
English
Loved this report from @PeterJ_Walker and @cartainc with some fantastic data. However, I'm seeing a lot of bad takes on how this should be interpreted. Some thoughts on the specific points. /1
Peter Walker@PeterJ_Walker
New data for VC emerging managers. From a pool of 1,800+ funds, vintage years 2017-2022. Fresh benchmarks on IRR, TVPI, etc, alongside deployment pace, graduation rates, and much more. Link to the full report in the following post 🙏
English
English
Learned so much from Lisa Cawley @screendoorvc on the latest @SuperclustersLP episode
But hands down top 3 are definitely 👇
English
Jamie (Dranoff) Rhode, CFA retweetledi
🚨🚨 This week @Jason and I host @Lady10x Jamie Rhode, CFA of @screendoorvc and Matthew Mulvey of Liquid 2 Ventures.
We discussed the Top 5 VC funds raised, return of venture capital DPI, and Sequoia’s offer to LP’s
Link to the episode below 👇
English
QME
English
Did you know only 3 #VC funds have been in more than 3% of unicorns at the seed stage out of 845 unicorns. Take away: Seed stage is completely fragmented.
Re-sharing @Lady10x breaking this down and explaining more on why/how @screendoorvc invests in EMs to bring new POVs 👇
English
Jamie (Dranoff) Rhode, CFA retweetledi
📬 The June #OpenLP newsletter is out, highlighting perspectives from LP & GP voices across the venture ecosystem on key topics, such as:
- Investing in Top Emerging Managers
- The Differentiation for GPs Nobody Talks About...
- The Series A Crunch or the Seedpocalypse of 2024
- Fundraising Basic Formula
- The Vintage Year Power Law
- The Grand Reset: VCs and LPs Are Starting To Internalize Reality
+ much more...
👇 Subscribe to get the next one at the link in the comments.
🙏Thank you to this month's contributors:
@Lady10x, @DWeisburd, @Samirkaji, @ttunguz, @MeghanKReynolds, @fintechjunkie, @joannaruppuc, @Kyle_L_Wiggers, @thebenbergman, @_RosieBradbury, @mikeeisenberg, @nchirls, @beezer232, & @maddierenbarger
English
Jamie (Dranoff) Rhode, CFA retweetledi
Ever wondered about the landscape of early-stage venture capital? Our recent guest on the 10X Capital Podcast, @Lady10x, shared some mind-boggling insights: out of 845 unicorns, only 3 funds have been in more than 3% at the seed stage. What does this mean? The VC world is incredibly fragmented at the seed stage.
Jamie goes on to point out an interesting trend. Out of those 850-ish unicorns, 70% have had underdog founders - immigrants, women, people of color. Even more intriguing, 30% of these unicorns had at least one founder who isn't white. This isn't just a statistic, it's a testament to the power of diversity and the potential it holds.
But what does this mean for venture capitalists and their limited partners? It demands a shift in perspective. It's time to think and invest differently. The success stories aren't confined to a certain demographic or a specific geographical location anymore. The underdogs are rising, and they're bringing forth a wave of innovation that's truly remarkable.
Tune in to episode 72 of the 10X Capital Podcast to hear more of Jamie's insights on investing in top emerging managers. Let's broaden our horizons together.
English
Jamie (Dranoff) Rhode, CFA retweetledi
🎙 On today’s episode of the 10X Capital Podcast, @Lady10x , Partner at Screendoor and I discuss Screendoor’s strategy of backing top emerging managers, as well as:
1️⃣ Friction points between LPs and emerging managers
2️⃣ Leveraging insights from GPs and LPs in manager selection
3️⃣ How to diligence a first time fund
Video clip below - Sound on.
Click “+ Follow” by my name to see more clips.
P.S. Link to full episode in comments.
#VentureCapital #VC #Startups #OpenLP @TurpentineMedia @10XCapitalVC
English
@IanRountree Proof of strong opinions, loosely held…. :)
English
I have a problem. It’s hard to share updated mental models without potentially dissing some of our own portfolio because—hopefully—we’ve gotten a little smarter since past investments.
So I’ve been sharing less. Do others feel this?
(Addendum: Don’t believe my old posts.)
English
@cupazhou @SuperclustersLP Thank you so much for having me on your podcast, I had so much fun!
English
My friends, Episode 4 of @SuperclustersLP is finally out with the amazing @DurationFX
We get really nerdy, and the amount of numbers shared makes my heart cry in joy, including, but not limited to 👇
English
@daveclark85 It’s why the median (middle number, 50%) return of early stage VC isn’t very attractive… and why doing only a handful of funds gives you a high probability of capturing the median. 80% of the return comes from ~ 20% of the Funds.
English
I didn't look at this in the original analysis, but have just run the numbers. 632 funds (53.3%) have a DPI of less than 1x. I knew VC was tough, but I'm actually shocked by this statistic.
English
this is the single most rational, insightful, & most importantly *mathematical* VC/LP intvw I’ve listened to past 5 yrs.
@DurationFX is the real deal.
this is a masterclass on early-stage #VentureCapital — emerging GPs/LPs should listen to every second.
cc @PracticalVC #OpenLP
David Weisburd 🚀@DWeisburd
E12: @DurationFX, CFA on Why 95% of LPs Can Only Achieve a 10% IRR when the Mean Return is 50% IRR "25% is the long term steady state of early stage venture. Now, the last 20%of time produces 46% of your return. So for us, remember, we're taxable and we invest in other asset classes. If you're compounding an asset at 25% and you want to sell it out early because of marketing and DPI matters, and you know, I need to give my LPs capital back one, I have to go pay taxes on that. And then find another asset that's compounding at 25%, but if you sell out at year 9.6, which is roughly that 20% of time before year 12, your multiple will be an 8.5X. I want the 14.5X. That's what I'm in it for venture. So, if your asset or your portfolio company has shifted and is compounding, at say 10% now, which we can find in public markets. Or in buyout, the long term CAGR is a 14%. Then go ahead and seek the secondary or go ahead and sell out early. We do understand that, but if the asset is compounding at a high rate, do not sell." #OpenLP @TurpentineMedia @eriktorenberg Please find links to the episode in the comments.
English
I am a family man. I have always been public about my bond with my mother. To see the suffering of so many families in Israel is devastating. There are no words to account for the loss of lives or the atrocious acts of barbarism.
We have to speak up. We cannot remain silent.
"...Then they came for the Jews
And I did not speak out
Because I was not a Jew
Then they came for me
And there was no one left
To speak out for me"
Pastor Martin Niemöller (1946)
Here is my 20VC with @LevanonAdi and @mikeeisenberg.
English
The most beautiful NYC community gathering & fundraiser tonight for 🇮🇱 organized by @shaig
We sang Hatikvah all together, which is Israel’s national anthem & is a song about hope… was emotional to say the least 🙏
English