Well, if we weren’t already THERE, then we certainly are NOW. So much for a soft landing in venture land. The SVB crisis just made it real. The cycle turn for venture has been greatly discussed over the last year. It’s true, valuations were down, capital was slowing, LPs were cooked, and GPs were tight….
One of the values that I’ve really internalized over the last few years is to think about the world in terms of networks, and our own value or role in those networks. The more interesting networks are not hub-spoke networks but rather mesh networks that can and do create value even while missing a node….
Timing in Life is Key. When I was formally promoted to run the UTIMCO private markets group in 2007, it was clear to me that I had a big job for someone in their early 30’s. I was recently engaged, remodeling a house, and had my hands full running a large private portfolio. Life was…