Aram Verdian
speaker
731 appearances
1 recordings
1 series
first heard Jul 2026
last heard 24 Jul
Aram Verdian’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
You can still return a big chunk, if not multiples of your fund.
And so if you have a special person like that, you shouldn't constrain them to 90-10.
If they want to do 70-30, go for it.
And if you are going to say, by the way, there are firms which have proven everything I just said wrong, but which are all participatory, no lead, and they've killed it.
The way they have done it is this GP that I described, they're doing that 100% of their time.
They're in the right networks.
They are consistently getting access to the 0.1% entrepreneurs, and they are not ownership dogmatic.
just really hard to do that because in every single one of your funds you're going to need not one not two but multiple winners or one mega mega winner to drive the 3x net returns and i go back to venture is one of the hardest asset classes to generate consistent returns and the 20 firms out of 3 000 is exactly that data point is
see a lot of firms that have one 10x fund and then it's harder to generate not the 10x but the consistent 3x net so you want to make sure that your strategy is such that and consistent that vintage after vintage you can still generate those consistent returns by the way we i think what's the phrase is like we eat our own cookie like even us accolade as a fund of funds we're disciplined in terms of fund size we didn't increase our fund size by one dollar last time it was 500 to 500. we are
Luckily, in that same bucket where we have generated, we're in those 25 firms where we have generated consistent 3x net RLPs.
But the way, if we went out and raised a billion dollars, we wouldn't be able to allocate it.
We would generate the average returns in venture and the average venture returns, you can probably do better in the private equity or public markets.
So consistency is equally important in your strategy.
The answer is yes.
And I actually went on another podcast, David, and I talked about how we actually want to be a big part of the managers.
Once we have conviction, we can be as high as, I mean, we've been 50% plus of a manager's fund.
Some managers love that.
Some really want to diversify.
And we have this conversation a lot with the GPs on why we're the right partner, even at that level of concentration with them.
But yes, I mean, it's typically at fund one, when it's not as obvious, you can be a big chunk of the fund.
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