Eric Newcomer

I just... I think that there's a very... At least when I talk to founders, founders want to work with...

not necessarily like other founders as in like a founder who had an IPO, but they want to work with the founders of the firms.

And so there's like a new generation of like, you know, the thrives and the, and the green Oaks and things like that.

Uh, where, where I see them as like really, really dominating.

They would certainly coming up soon on my list.

Yeah, and, like, and, you know, when you get in a situation, like, hyper-competitive, like Series A, Series B, like, those guys are, like, really...

from the top wait did he did he just get screwed by bernie or he was you got screwed it's not even that bad but i don't know yeah i mean how much do you think returns are going to drive this right in the cool venture story like getting an anthropic right now or obviously making much money on spacex it's like you look at spark doing the round that people underestimated that that's clearly been really good for them i mean lightspeed dumped a ton of money in and menlo you know i think it was

key to them so there are firms where I think it's had a big impact on their reputation but I don't know if that matches I think that's helpful I think that's helpful with LPs but like the reason that it's an interesting question is like okay who has the best overall brands right who has like the most like halo which firms do founders actually want to work with right who has like the most access to capital like all these things factor in who did like who did the elo

Yeah, like people that bet on Anthropic when it wasn't.

Incredible venture capital.

Yeah, and I look at it...

like when I, when I, in the, in the most simple view, I think about a, a series a or a series B and a founder gets 10 term sheets hypothetically.

And then you run that and you ask, you know, a hundred founders that like who comes out in the top three, that, that to me is like the most interesting because that's like a generally going to be a leading indicator for like who, who has the most aura, you know, uh, kind of the oralist, the newcomer, the newcomer oralist, uh,

We've done... We did Founder's Choice a while ago, which was these guys.

Elo, right?

That was more like, you know, it was a little more like founder-friendly.

Yeah, who do you want to work with?

We've published, you know, an LP did a survey of managers.

So we tried... There's so many different ways to slice it.

And yeah, I mean, getting great returns...