Jeff Blazek
speaker
496 appearances
1 recordings
1 series
first heard Feb 2026
last heard 13 Feb
Jeff Blazek’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 Feb 2026 with 1.
Appearances
Venture capital was a nuclear wasteland.
It was the fallout of a lot of bad deals done in the late 90s.
Too high of multiples.
Assets that were not delivering the cash flows.
A lot of funds that had below 1.0x.
The distributions took forever.
And that scarred a lot of allocators.
And so venture capital commitments to new funds went away and fell off.
And so this entire cycle played out until we got post-GFC.
Venture was not really part of the GFC, right?
It was a quiet area.
There was a lot of innovation.
Biotech...
energy efficiency, technology, all of these areas started attracting new waves of capital.
And then we had IPOs like Facebook and it started to build a really compelling proposition again.
So the cycle was on an upswing, but a lot of the allocators that had been wiped out in the late nineties were not really part of the ecosystem when you roll it 20 years forward.
And so what I'd say is the cycle is the first key piece of it.
You have to be mindful to it and to have been going over allocated, considering it was late cycle peak was a mistake.
The second area that I'd say is a mistake for allocators was not balancing liquidity.
So even in good times, if you are investing in venture and growth equity, it will take you over six to eight years before you get your capital back.
Showing 121–140 of 496 · page 7 of 25
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