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.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
You said 90, 10, maybe 80, 20, 70, 30.
where that 30%, they can still find the anthropics of the world, but they're focused on their bread and butter, which is leading, co-leading, in the lanes where they have the right to win.
That's where you can see more consistency.
The other thing is, if you think about fund of funds versus like other LPs that have one pool of capital, we don't have one pool of capital.
We raise our funds every two years.
So we want to show consistency in every one of our fund of funds.
In order to do that, we don't want one fund to be spiky and the other one not.
So we'd rather have two 3x to 4x net fund of funds in a row than have a 5x fund and a 1.5x, 2x fund.
Oh, we love when we have a 10x fund.
But coming in to do the underwrite, we're not underwriting a 10x to 15x fund.
We're underwriting on the reasonable exit assumptions with where the manager is playing, their portfolio construction, their right to win, their team.
Can they generate 3x to 5x net?
If the answer is yes, great.
And then if they outperform, they can get a 10X plus.
But that's not the expectation we come in with.
Everybody talks about the power law.
Depends what markets you're in.
So if you are a $75 to $100 million fund, you focus on technical founders or you focus in maybe not the hottest AI areas, which are both in terms of round sizes and valuations through the roof.
you can still do really well and get a three to five X net fund.
Like take healthcare IT as an example.
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