Bill Maris

speaker
608 appearances 2 recordings 2 series first heard Jun 2026 last heard 9 Jun

Bill Maris’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
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Recordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 2.

Appearances

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So let's fast forward to 2017.
I decided to start my own fund.
And again, those around me said, you're insane.
Why would you do that?
You're in the warm womb of Google.
Lunch is free and the massages are plenty and so forth.
But after the idea sunk in, the advice turned into raise as much money as possible.
That's the right way to run a fund.
You'll get a big management fee, you'll be happy, things are going to work out really well for you.
And I thought about that relative to everything I had done up to that point, and I decided to not take that advice.
Over the course of my time at Section 32, we've had six funds.
We've invested in companies like CrowdStrike and Cohere and Coinbase.
And all six of those funds have averaged about 400 million in size and all are performing in their top decile.
And to the extent there is DPI to measure, that's the only measure as far as I'm concerned in venture that counts is DPI, which takes me to lesson four.
that this will be heresy to some, but small funds outperform large funds.
This is simply the math.
This is not an opinion I'm trying to convince you of.
But there are many reasons for this.
Smaller funds, you can have more focus.
I mean, I've already managed a multi-billion dollar fund with hundreds of employees.
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