We imitate the habits of three groups in particular: the close, the many and the powerful. Each group offers an opportunity.
When in Vienna
This week, we had the pleasure of gathering with 13 other LPs in Vienna, on exchanging best practices and powerful habits. As in the realm of the birds, one sees a lot of mimicry, sometimes a form of flattery, at other times it can be deceitful.
Can patient capital still set industry standards
As we see that the corporate VCs create their own vintages, they invite the management to make sure the performance is at par with the industry top tier GPs.
Is it not that the more nimble, hungry managers, deploy money more frugally as opposed to a spray-and-pray attitude?
Smart money
We see that the more seasoned private capital define their industry broadly: focussing on who they serve or ultimately uses their product. This allows one to leverage insights to sectors that are adjacent to their initial vertical. For example, if you sell to retail, the wider spectrum can range from FMCG to entertainment.
In any circumstance, we still see that this still resolves around executing on capital market assumptions, with a strategy grounded in the capacity to build pipeline, and conceptualize, i.e. calibrate the sourcing as it occurs.