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
Healthcare IT is not going to command multi hundred billion plus exit outcomes.
Most likely.
I mean, there might be a few companies like that, but it's like open evidence, et cetera, but there usually aren't as many.
You're really underwriting to, can I add one to five billion dollar exit outcomes, generate exceptional fund level returns, even less than a billion dollar outcomes.
And if you do that, you can generate consistent returns.
But if you're one of the big firms,
So you are on Sandhill, billion plus funds.
I mean, you are playing the power law on steroids.
That's what you need.
You don't need one.
You need three to five deca-corns, huge outcomes to return multiples of your fund.
I mean, we did this analysis for the big firms.
You need anywhere from 30 to 50 billion in exit outcomes, every vintage, to generate a three to five exit fund.
30 to 50 billion.
Now it's possible, right?
Because we talked about Anthropic, OpenAI, Databricks, SpaceX, but you got to have that every two years.
It's hard.
And Founders Fund has done an amazing job, one, identifying those companies, but also doubling down on them across multiple of their funds.
Concentrating.
the way concentration comes in two forms and both are powerful one one form of concentration is what i said ownership up front defending it so that you think about the exit math relative to fund size the other way to concentrate is dollars over the fund so percentage of dollars in a single deal so if you have a runner in the portfolio we are totally fine with the gp putting 20 30 of their fund into a single company we're totally fine with the level of concentration we just backed the fund
Showing 361–380 of 731 · page 19 of 37
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