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The 10X Capital Newsletter
What LPs should expect in 2024, new venture fund launches, the do's and don'ts for emerging managers, and much more.
David Weisburd
January 09, 2024
The Limited Partner 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 Limited Partner 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 Tweets of the Week
Chart of the Week
Emerging Manager Tools
Emerging Managers Do’s and Don’ts
Recent episodes 🎙
"The Limited Partner" with David Weisburd and Erik Torenberg | Startups, Venture Capital, and Limited Partners:
What investors are saying 🗣
🎙 Hans Swildens, Founder of Industry Ventures, on VC secondaries in 2024
We think we are off the projection by -40 percent or so due to the continued bid/ask spread and NAV continuing to decline this year overall…we expect next year to grow into the $100 billion volume we expected this year as NAVs comes down and discounts are not as deep as a results
🎙 Jai Das, President and Co-Founder of Sapphire Ventures, on startup valuations in 2024
We will see many more recapitalizations and down-rounds in 2024. Startups that have inefficient business models and lack investors willing to support them will shut down or be sold for pennies on the dollar. Lots of seed-stage companies will also have a hard time raising Series A since investors at that stage have become much more selective
🎙 Ben Horowitz, Co-Founder of a16z, on supporting politicians who advocate for crypto and AI technology advancement
We believe that advancing technology is critical for humanity’s future, so we will, for the first time, get involved with politics by supporting candidates who align with our vision and values specifically for technology…We are non-partisan, one issue voters: If a candidate supports an optimistic technology-enabled future, we are for them. If they want to choke off important technologies, we are against them.
Who’s raising? 💰
Venture capital news 🗞
Top tweets of the week ✍️
I gained 150,000+ followers last year by writing 2-3 hours a week
This is the 22 things I've learned about writing on the internet (all my tips & tricks) in the last 12 months
1. The best posts are written without ChatGPT
2. Be entertaining, educational or ideally both
3. Make… twitter.com/i/web/status/1…— GREG ISENBERG (@gregisenberg)
8:43 PM • Jan 4, 2024
Managing out an employee who is underperforming in a role is never fun but doesn’t have to be harsh, unkind or dramatic. With good communication, data and record keeping, the employee can walk away feeling okay. And assuming they weren’t terrible, lazy or dishonest, it’s often… twitter.com/i/web/status/1…
— Jenny Fielding (@jefielding)
12:40 AM • Jan 5, 2024
"The UX Research discipline of the last 15 years is dying. The reckoning is here. The discipline can still survive and thrive, but we’d better adapt, and quick."
Judd Antin (@juddantin) has spent 15 years leading research and design teams at companies like @Yahoo, @Meta, and… twitter.com/i/web/status/1…
— Lenny Rachitsky (@lennysan)
5:09 PM • Jan 4, 2024
Chart of the week 📈
Emerging manager tools 🔧
AngelList for fund administration
Get in touch by emailing the team at [email protected].
Tactyc for forecasting and planning
Please reach out to [email protected] for a personalized demo.
Chris Harvey for fund counsel
Reach out to Chris at [email protected].
