The 10X Capital Newsletter

GP transitions in 2024, Lightspeed's plan for asset sale, changes in startup valuations, and much more.

The 10X Capital Podcast is a podcast focused on limited partners where co-hosts David Weisburd and Erik Torenberg discuss venture capital through the lens of limited partners.

By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email.

The world of LPs is notoriously secret and private, but on this show, influential limited partners, VCs, and investors speak candidly about venture capital in 2024 and how LPs are navigating the asset class today.

Today’s Agenda 📋

  • 🗣 What Investors Are Saying

  • 💰 Who’s Raising?

  • 🗞 Venture Capital News

  • ✍️ Top Posts of the Week

  • 📈 Chart of the Week

  • 🔧 Emerging Manager Tools

  • Emerging Manager Do’s and Don’ts

Recent episodes 🎙

‎"The 10X Capital Podcast" with David Weisburd and Erik Torenberg | Startups, Venture Capital, and Limited Partners:

What investors are saying 🗣

🎙 Hunter Walk, Partner at Homebrew, on GP transitions in 2024

“In 2024, we’ll see even more GP transitions at multistage firms. Why? A combination of three trends:

A) Wealth-effect retirements from investors who cashed out and don’t want to sign up for another 10 yearrs of work by making new investments, sitting on boards, etc.

B) GPs at some firms who are realizing the growth in fund AUM might be good for their salary but changes the nature of the work they really want to do - these folks are leaving to start their own firms.

C) High profile hires that just haven’t delivered. As the tide goes out, we see a lot of highly comped but really underperforming GPs. In many cases the firms aren’t willing to deal with the issue so they’ll let it persist (or become passive aggressive internally), but expect more “transitions” where performance is the root case.”

Hunter Walk, Partner at Homebrew

🎙 Marieke Gehres, Investor at Earlybird Venture Capital

“We expect deal activity to rebound significantly in 2024. Additionally, in edtech, we are closely monitoring several companies that have been seeing positive developments. So, 2024 looks promising for the industry and for us as investors.”

Marieke Gehres, Investor at Earlybird Venture Capital

Who’s raising? 💰

Venture capital news 🗞

Top posts of the week ✍️

Chart of the week 📈

Emerging manager tools 🔧

Emerging manager do’s and don’ts ✅

The 10X Capital Podcast in the news 🔎

Venture 101 📚

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