Delian Asparouhov
speaker
4,545 appearances
25 recordings
1 series
first heard Feb 2025
last heard 13 May
Delian Asparouhov’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 — 7 in all, peaking in Jan 2026 with 4.
Appearances
And a part of it is that you're comparing it that versus like there's so many of these mega, you know, sort of labs, mega rounds where there are so many SPVs that are available that it's an LP, you're actually trading that against, well, I could just go get the direct position, no fees, or much more de minimis fees through like an SPV from like a lesser manager.
And so you are seeing like, you know, um, if you look at like, you know, they I think there's this like, you know, sort of graph recently, there's just showing like, you know, total um
uh venture dollars raised by venture firms significantly like it's still linearly basically down since twenty one twenty two and that was you know showing I think it was like on Carter or something like that they were showing basically that data.
But I would bet if you looked at like total LP dollars deployed into like tech venture, you know, direct you know sort of investments, fund investments, etc.
It is almost certainly significantly up since twenty twenty one.
Totally.
It's just like
Mubottel at some point can access some of these mega rounds just as easily as they can access like directly into you know basically like some of the funds that they used to have to, you know, invest into.
And so you're getting this odd dynamic where, you know, I think we talked about this, you know even last week a bit, but like a lot of people are doing these like feelless, careless SPBs that are basically like branding exercises for them.
Um
So yeah, I I think it's like it's a harder time than ever to be an emerging manager.
Like yeah, there's somebody that like I I forget who did this analysis, but it's like it's taking you know, there's fewer emerging managers taking longer to close.
And then it's harder than ever to even as you go and you're like a multi-stage mega find.
to still go raise the like equivalent of like the Andreason fifteen billion dollar, you know, sort of total, you know, you know, growth fund.
It is non trivial for people to do that because the things you're going to go invest into in these late stage assets are now, you know, readily accessible directly via the, you know, LPs through all these all all these alternate, you know, sort of vehicles.
And so
And it's not
there's like a hundred logos.
It's like there's like seven logos that matter basically and like are significant number of the dollars.
And so as an LP, you're like, you know, why do I care about paying you know these five fees versus like I know I'm getting into the exact same logo anyways, but through this other vehicle.
Showing 581–600 of 4,545 · page 30 of 228
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