Profile picture
Ryan Caldbeck @ryan_caldbeck
, 7 tweets, 2 min read Read on Twitter
1/ I’m not sure which part of the podcast you’re referring to so let me clarify my thinking @m2jr
2/ IMO tech vc has not been scalable and repeatable. Strong firms raise larger funds, but strategy shifts (which is why funds increase 10x but you rarely see 10x as many companies that look like those in original fund). [So scalable in that case, but not repeatable- new strategy]
3/ The asset class is pretty brutal overall (I think you'res saying this too). I haven’t seen many reputable studies that wouldn’t suggest tech vc is the worst performing asset class (v. PE, publics, bonds, real estate, etc) over most time periods.
4/ BUT the exception- to your point- is that there are a few strong performers. I typically have heard that the top 10 funds represent most/all of the gains (i.e. the rest of the industry collectively is negative).
5/ Or even that the top 10 deals represent most/all of the returns in a given period.
6/ Several funds can stay in elite tier – but the funny thing is that almost every VC thinks they are in that tier. Also to stay in that tier they typically don’t raise much larger funds [repeatable- not scalable]
7/ My suggestion is that if a systematic vc fund could work- it could be scalable and repeatable. (But I definitely don’t think it works in tech- varying business models and not enough data)
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Ryan Caldbeck
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!