Episode #55, Secondaries & VC performance metrics

Venture Capital Thursdays: Discussing and understanding secondaries, VC performance metrics and evolving liquidity in the venture capital asset class across the stack from founders to angels, Seed VCs, Series A VCs, growth investors and LPs with my students in California. Recommend to play at 2x speed if English is your first language. · Direct Secondaries – primary vs secondary investing · How does it work with running a process, getting ROFR’d, how to not get ROFR’d · How to waste time and not make any money trying to buy secondaries and what happens in the real world? · Structured secondaries · How are secondaries impacting the timing of an exit? · How are secondaries impacting the actual value of the exit? · How are secondaries impacting the performance of a VC fund to its LP investors? · Understanding key VC performance terms work and the impact of Secondaries on performance · What is IRR? – impact of secondaries? · What is MOIC? – impact of secondaries? · What is TVPI? – impact of secondaries? · What is DPI? – impact of secondaries? · What is Cash-on-Cash? – impact of secondaries? · LP Secondaries · Discounts LP secondary buyers seek to get · What is a Fund of Funds (FOF) · Evolving liquidity in the venture capital asset class across the stack from founders to angels, Seed VCs, Series A VCs, growth investors and LPs Video: https://youtu.be/qorjT7OV9nU Subscribe to Fireside with a VC on YouTube, Spotify and all podcast platforms: https://anchor.fm/FiresideVC. Join the 7BC Venture Capital Syndicate to co-invest with our VC fund (https://angel.co/s/sevenbc/ZZAgQ) or invest in our 506c VC fund which co-invests with our main VC fund and join a powerful network of investors actively backing and supporting our portfolio companies. [email protected]