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.
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for what we do, but I think you can ask any expert, are you gonna do it on your own or do you have to hire somebody to do it?
The one area where it makes the most sense to hire someone who's been in the market
is venture capital because it is about serial relationships.
And what you're doing is stepping into a relationship that might have existed for 20 or 30 years with an Accel or a Sequoia or whoever it might be with this partner that you've allocated capital to.
And the fee you're going to pay them is going to more than make up for itself in your ability to move up into the top quartile.
I think so.
Yeah, absolutely.
The payback...
It's easy math.
I think the average venture fund, multi-manager fund like ourselves might be charging 50 or 100 basis points a year, and it's either 0% carry or 5% carry on the gains.
And if you can compound at 20 or 25% versus 15 over 10 years, that more than makes up for itself.
There's a direction of travel in the industry, right?
It's venture at scale that was a journey we probably started on 10 or 15 years ago.
And I think we're only gonna continue to go in that direction.
The market will probably become more concentrated at the scale end of the market.
And this is true for venture and private equity.
It becomes an oligopoly where it's probably 10 players that dominate the scale venture part of the market.
But then there's going to continue to be that traditional venture market that we all grew up knowing.
It's the highly idiosyncratic, fragmented part of the market targeting the entrepreneur and the idea trying to nurture that company from zero to one.
We're on that journey right now, and I think we kind of know what the industry looks like partway through that journey, and it's only going to get more exaggerated as we move on.
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