How LPs identify top emerging fund managers with Slipstream’s Alex Edelson | E1898

Key Points

• Early stage venture funds with smaller sizes (e.g., $50 million or less for pre-seed) that achieve high ownership relative to fund size can generate significant returns even with modestly successful companies.
• Sustainable competitive advantages unique to a venture team, such as deep domain expertise or operational experience, are critical for sourcing, picking, winning, and adding value to startup investments.
• Venture capitalists should consider every funding round as a potential opportunity to buy or sell, tracking their decisions, and aiming for liquidity to improve returns and the ability to raise future funds.