Scott (HarbourVest) - Unknown Last Name
speaker
382 appearances
1 recordings
1 series
first heard Jul 2026
last heard 27 Jul
Scott (HarbourVest) - Unknown Last Name’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
However, if you extend that and you
look at that same metric over five years, what you'd see, there's probably an evening out of that dispersion where let's just focus on the second quartile and the top quartile.
It's probably more of a 50-50 split between the two.
And I think that's important because venture is a long duration play.
I would tell any investor who's going to invest in venture capital to
One, you want to index towards the top quartile, get as close or into it as you can get, but also be committed to the asset class over a long period of time because you can't be in and out a venture.
And that's the second chart I would show.
It's what is your return experience if you just systematically allocate to the asset class for 10 or 15 or 20 years every vintage?
That's going to be a better experience for you than if you're trying to pick and choose periods of time to allocate.
Ventures on a good run right now and everybody wants in, but you needed to be in five or 10 years ago.
And anybody entering now, I tell them exactly that same thing.
You've convinced yourself you want to be in this asset class.
That's great.
But convince yourself you should be in it for the next 20 years and don't change your mind.
If you want the best risk return experience, I think you have to focus on diversification.
Don't be overly diversified.
Concentrate your capital with those managers that have shown persistence and performance, but also just understand through that diversification, probably if the industry performs at 15% as a median return, that's not a reason to invest in venture capital.
If you can reach up to 20% returns, which puts you probably somewhere
at the bottom end of the top quartile, but you can do that consistently for 10 or 15 years or 20 years, that's the right way to play the asset class.
That's kind of an advertisement
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