53 episodes

Origins is a podcast about Limited Partners, the firms and institutions that invest in venture capital funds. Through a series of interviews, we explore what has historically been an opaque corner of the startup ecosystem and learn how the people behind the capital make decisions. This podcast was created by Alex Lines and Nick Chirls, partners at Notation.

Origins - A podcast about Limited Partners, created by Notation Capital Notation

    • Investing
    • 4.6, 50 Ratings

Origins is a podcast about Limited Partners, the firms and institutions that invest in venture capital funds. Through a series of interviews, we explore what has historically been an opaque corner of the startup ecosystem and learn how the people behind the capital make decisions. This podcast was created by Alex Lines and Nick Chirls, partners at Notation.

    Josh Kopelman, First Round Capital

    Josh Kopelman, First Round Capital

    Josh Kopelman is the co-founder of First Round Capital, a pioneering seed-stage venture capital firm. He's been an active entrepreneur and investor in the Internet industry since it's commercialization. He co-founded Infonautics while still an undergrad in 1996, which went public in 1999. He then co-founded and ran Half.com, a fixed price marketplace connecting buyers and sellers of used books, movies and music products, which he sold to eBay in 2000.

    In this episode, we discuss Josh's early career as an entrepreneur and all of the lessons learned having started two companies, taking one of them public at a really young age, and then selling Half.com to eBay at the height of the dot com. We discuss his early angel investing practice, including investments in companies like Linkedin and Delicious, and the ultimate decision to start First Round Capital with his partners, raise institutional funds, and build out their unique "platform."

    As always, a huge thank you to Carta, the title sponsor for this season of Origins. It's a core product that we use daily --> Get 10% off when you use the Notation Signup Link (Terms and conditions apply). This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

    • 40 min
    Hunter Somerville, Greenspring Associates

    Hunter Somerville, Greenspring Associates

    Hunter Somerville is a General Partner at Greenspring Associates and is responsible for the sourcing and due diligence efforts on fund, direct and secondary opportunities. He's also actively involved in the assessment of micro-vc managers for the Firm. Additionally, Hunter serves on the LP Advisory Boards for firms such as Bullpen Capital, Redpoint China, Fika Ventures, Foundry Group, among many others.

    In this episode, we discuss Hunter's path at Greenspring (and LP firms in general), leading to his promotion to General Partner, how he spends his time at the firm and evaluates opportunities and managers, how the firm is responding to the Covid-19 pandemic, and his outlook for the future.

    • 51 min
    Atul Rustgi, Accolade Partners

    Atul Rustgi, Accolade Partners

    Atul Rustgi is a Partner at Accolade, working across both early-stage venture and late-stage growth equity strategies. Prior to joining Accolade in 2007, Atul worked at McKinsey & Co. and the Robin Hood Foundation.

    In this episode, we discuss Atul's unique experience evaluating VC managers over the past decade, and Accolade's strategy investing in both very small early-stage venture funds and much larger late-stage growth equity funds. We also discuss Atul's deep conviction around portfolio construction, fund size, and ownership. Finally, we discuss his views on the impact of Covid-19 on the venture ecosystem today and his outlook for 2020 and beyond.

    As always, a huge thank you to Carta, the title sponsor for this season of Origins. This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

    • 46 min
    Kanyi Maqubela, Kindred Ventures

    Kanyi Maqubela, Kindred Ventures

    Kanyi Maqubela is a Managing Partner at Kindred Ventures. He previously served as a Partner at Collaborative Fund, where he was an early advisor to Tala and Walker & Co., and a board member at Buffer, Camino Financial, Spruce, and True Link. Kanyi is also a co-founder at Heartbeat Health, and has served as a Lecturer and Adjunct at New York University Tisch School of the Arts.

    In this episode, we discuss everything from Kanyi's childhood to founding his first startup out of Stanford to joining Collaborative Fund to ultimately founding Kindred Ventures with his partner Steve. But in between his story, this was a fascinating conversation about the arc of venture capital, how to build an investment process and conviction, and navigating the current Covid-19 health and economic crisis.

    As always, a huge thank you to Carta, the title sponsor for this season of Origins. This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

    • 59 min
    Ciaran O'Leary, BlueYard

    Ciaran O'Leary, BlueYard

    Ciaran O'Leary is a co-founder and general partner at BlueYard, a thesis-driven early-stage venture capital firm based in Germany. In the past several years, BlueYard has backed companies like Protocol Labs (Filecoin) and Open Source Coin in the Blockchain space, Meatable and Bit Bio at the intersection of science and technology, Pitch and Vectary in open data, among other fascinating companies and theses.

    In this episode, we discuss the European tech and venture capital environment over the past decade, what led Ciaran to Earlybird and then BlueYard, raising two funds for BlueYard since, how their thesis and strategy has evolved in recent years, and what the future holds in store for BlueYard and European tech startups. We also touched on how Ciaran and team are navigating the current Covid-19 crisis. This was a fascinating discussion and hope you find it as interesting as we did.

    • 49 min
    Mark Suster, Upfront Ventures

    Mark Suster, Upfront Ventures

    Mark Suster is the Managing Partner at Upfront. He previously was the founder & CEO of two successful enterprise software companies, the most recent of which was sold to Salesforce.com where Mark became VP, Products. He's also one of the OG VC bloggers at https://bothsidesofthetable.com.

    In this episode, we discuss Mark's journey as both an entrepreneur and VC going back to the dot com, how he joined GRP Partners in 2007 and transitioned the firm into what it is now Upfront, and how he plans to grow the firm's team and talent into the future. This was a master class in VC firm building.

    As always, a huge thank you to Carta, the title sponsor for this season of Origins. It's a core product that we use daily --> Get 10% off when you use the Notation Signup Link (Terms and conditions apply). This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

    • 55 min

Customer Reviews

4.6 out of 5
50 Ratings

50 Ratings

SeattleRobert ,

Extremely well done and in depth conversations

I learn something new about this business every time I listen. Thanks to the Notation folks for doing these and sharing them with the rest of us.

Katie Joy B. ,

Business Money Magic

Alex, Nick, and their incredibly knowledgeable guests make funding fun! You’ll find actionable advice and tangible tips that are relative to any stage of your business, as well as the inspiration and insight that's missing from a lot of funding/business shows. Thanks so much for putting out such a spectacular show guys - keep up the great work!

CRiddersen ,

Love it

Was recommended as part of a carve-out from the Acquired podcast. The quality of information is bingeworthy for anyone looking to raise a fund at some point...

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