LP10X - Venture capital as a strategic play for corporations - Grady Buchanan, Co-founder & MD, NVNG

Grady Buchanan is a Co-founder & Managing Director at NVNG, a fund of funds with corporations as limited partners investing into venture capital funds.Before launching NVNG, Grady worked with the Wisconsin Alumni Research Foundation’s (WARF) $3B investment portfolio.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comNVNG website - https://nvngia.com/Grady Buchanan on LinkedIn - https://www.linkedin.com/in/gradynvng🎙️ Hosted by Prashant ChoubeyFollow Prashant on X - https://x.com/ChoubeySahabFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode, we talk about -- The investment thesis at NVNG- Why do corporations invest in NVNG fund of funds?\- What's the strategic significance of having corporations at LPs? How does it help the portfolio companies of the portfolio funds?- Key things they look for in fund managers- Advice for GPs raising in a difficult fundraising environment- How they generate DPI in the fund of funds- Approach to portfolio construction& lots moreTimestamps:(00:00) Introduction to Grady Buchanan and NVNG(02:46) Grady's background and journey into investing(05:30) Origin story of NVNG (Nothing Ventured, Nothing Gained)(07:11) Corporations' need for innovation and startup exposure(09:33) Strategy of having corporations as Limited Partners (LPs)(13:15) Addressing concerns about outsourcing innovation(17:41) Value creation for portfolio companies through corporate connections(22:33) Key criteria for selecting fund managers(26:31) Assessing fund managers' long-term potential(30:14) Sector focus and corporate investment preferences(34:47) Generating Distributed Paid-In Capital (DPI) in a fund of funds model(38:32) Advice for VCs fundraising in a challenging environment(42:48) Portfolio construction strategy(45:42) Rapid fire round covering:- Themes and regions of investment- LP commitment size- Fund stages- Contact information- Follow-up channelsFor sponsorship or guest appearance requests, write to [email protected] to VC10X on Youtube, Spotify, Apple Podcasts.