Michael Gilroy
speaker
885 appearances
1 recordings
1 series
first heard Jul 2026
last heard 20 Jul
Michael Gilroy’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
I'm not going to come out of an off-site or a partner meeting and say, we're behind on pre-seed deployment.
Let's go do a pre-seed this week, right?
It's an artificial constraint.
Yeah, life doesn't work that way.
But how do you communicate that with LPs?
The communication with LPs is we're building a highly concentrated portfolio.
In the first fund, it'll be 10 to 15 names.
And we want those to be extraordinarily high conviction where we can build that position up over time.
We'll get to a max position size in the fund.
And we've been blessed with
lps who are very very excited about and trust us to do co-invest into our very best name so that we can support our companies all the way through ipo but that's really it it's like look we are
We're multi-stage with an eye towards early stage because we are in the business of ownership the same way founders are.
And we want to own as much as we possibly can, but we're not going to go a tick earlier if we don't feel great that this is the winner.
And so sometimes you have to be patient.
The corollary to this question is pacing.
We're on the kind of standard three-year initial deploy
But if it takes five years, it'll take five years, right?
And by the way, maybe it'll be two years in some funds, but that's because we feel really good about the risk.
But I don't let us focus on the sector and trend and stage and pacing components of the business because I'm looking at it, but I don't want everybody hunting in that way.
We need to do the best deals that we have access to and can win at any given time.
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