Thread by @trengriffin

1/ Simba: "I'm raising a VC fund."

Mufasa: "Et tu Simba?"

Simba: "Investing in public companies is too hard. Doing what the top VCs do is easy. Even hedge fund managers are raising VC funds."

Mufasa: "VC returns aren't evenly distributed. VC fund returns are a power law."

2/ Simba: “Everyone knows you need to invest in a portfolio of businesses due to the power law distribution.”

Mufasa: “The returns of VC firm themselves reflect a power law outcome - power law outcomes don’t just happen inside the portfolio.

Simba: “I’ve seen data from…”

3/ Mufasa: “VCs like Benchmark and Sequoia don’t reveal performance data to sellers of these reports that otherwise just scrape public filings.“

Simba: “I have a proprietary strategy to attract deal flow.”

Mufasa: “Which is?

Simba: “Social media. Tik Tok mostly.”

4/ Mufasa: "Where will your VC fund be located?"

Simba: "Miami. All great software developers and founders have bought waterfront homes there, mostly on Fisher Island. Some live in hotels like the Delano full time.

Mufasa: "Clubbing is good for deal flow?"

Simba: "Obviously!"

5/ Mufasa: "Will investors be concerned about your investing style shift?"

Simba: "If you pick a category that isn't red hot you can struggle like Black Rock in PE. VC is easy."

Mufasa: "Size?"

Simba: "$2B. When appetizers are being passed, take two."
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