How LPs Use Venture Studio Models for Deal Flow

Lucas and Luna explore how limited partners are increasingly investing in venture studios—firms that build startups from scratch rather than sourcing deals externally. They examine the case of Atomic, which has launched over 30 companies including Bungalow and Hims & Hers, and discuss how LPs evaluate studio economics: the typical 70-30 split with founders, the 10-plus-year J-curve, and why institutional investors like the Ontario Teachers' Pension Plan allocated $150 million to the model. The hosts also compare venture studios to traditional VC funds, noting studios' higher control over deal flow and operational support, but also their capital intensity and exit risk. The episode includes a brief listener-support segment and closes with a forward-looking question about whether studios will become a permanent LP allocation bucket. #VentureStudio #Atomic #LimitedPartners #DealFlow #StartupBuilding #InstitutionalInvesting #VentureCapital #OntarioTeachers #HimsAndHers #Bungalow #LPStrategy #PortfolioConstruction #Finance #FexingoBusiness #BusinessPodcast #TheVentureCapitalInvestorPodcast #AlternativeAssets #JCurve Keep every episode free: buymeacoffee.com/fexingo