Optimizing Aging Portfolio Outcomes through Harvest Management with Matt Krna of Two Meter Capital

In this episode of VC Mastermind, host Jacob Mullins interviews Matt Krna, founder and managing partner of Two Meter Capital, to explore the emerging field of “harvest management” for venture portfolios. Drawing on two decades of experience in venture capital and growth investing, Matt explains how Two Meter Capital partners with GPs, secondary firms, family offices, and corporate venture arms to help manage large, complex portfolios of direct investments—especially as companies stay private longer and portfolios grow increasingly unwieldy.Matt details the services Two Meter Capital provides, from tracking portfolio company performance and writing reports, to identifying secondary sale opportunities, assisting with follow-on rounds, and supporting annual audits and valuations. He shares insights on when GPs should consider bringing in outside help—typically when managing legacy portfolios becomes a persistent drag on resources, or when firms are deciding whether to raise another fund or wind down operations. The conversation also covers the economics of harvest management, the ideal client profile, and how Two Meter Capital’s tech-enabled approach can add value without replacing the GP’s core decision-making role.Listeners will gain a practical understanding of the challenges facing today’s venture funds as the industry matures, and how specialized partners like Two Meter Capital can help optimize outcomes for both established and emerging managers. Whether you’re a GP stretched thin by a growing portfolio or a family office grappling with legacy investments, this episode offers actionable advice for navigating the evolving venture landscape.