50 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, 49 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.

    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
    "Portfolio Construction" w/ Beezer Clarkson, Alda Leu Dennis and Trae Vassallo

    "Portfolio Construction" w/ Beezer Clarkson, Alda Leu Dennis and Trae Vassallo

    This is a special episode of Origins focused entirely on the concept of VC portfolio construction. We recorded this discussion as a panel with three guests that provide different perspectives on this important topic. Beezer Clarkson is an LP and managing director at Sapphire Partners, Alda Leu Dennis is a partner at Initialized, a seed-stage venture firm, and Trae Vassallo is a founder and partner at defy, an early-stage venture firm focused on Series A investments.

    In this episode we cover many of the most critical items related to portfolio construction and how different LPs and VCs might approach different strategies, including portfolio company concentration, reserves and follow-on strategy, recycling, time diversity, opportunity funds and SPVs, and much more. Of all the episodes we've recorded on Origins, this might be the single most important one we've done, for VCs and LPs, emerging and established. We welcome any and all feedback, as well as thoughts on topics or strategies not covered, so that we might do so in a future episode. Send us an email at hello@notation.vc or tweet with #OpenLP to join the discussion.

    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.

    • 1 hr 5 min
    Chad Byers, Susa Ventures

    Chad Byers, Susa Ventures

    Chad Byers is a co-founder and partner at Susa Ventures, a seed-stage venture fund based in SF that has backed companies like Robinhood, Flexport, and Andela. Chad discusses growing up in Silicon Valley, his path to venture, the unusual founding story of Susa with his partners, and how they've strategically planned their funds over time. Chad is one of the smartest young seed investors in SF, and this episode was essentially a playbook on how to build a seed firm.

    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.

    • 52 min
    Lo Toney, Plexo Capital

    Lo Toney, Plexo Capital

    Lo Toney is the founding managing partner of Plexo Capital, a new $42.5 million fund incubated inside of GV focused on making investments in seed-stage VC firms led by women or people of color. In addition to investing as LPs, Plexo Capital makes direct investments in startups that are funded by firms where Plexo has an LP position. The fund’s investors include Alphabet, Intel Capital, Cisco Investments, the Royal Bank of Canada, Kapor Capital, the Hampton University Endowment and the Ford Foundation.

    Previous to Plexo Capital, Lo was a partner at GV and Comcast Ventures, as well as an operator in various capacities at Zynga, Nike, and eBay. In this episode, we discuss Lo's unique career journey, some of the early lessons he learned helping to build iconic web products in the dot com era, how he landed at GV and more recently decided to build his own venture platform in Plexo Capital.

    We're excited to announce Carta as the title sponsor for Origins this season, a product we use and love. 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.

    • 50 min

Customer Reviews

4.6 out of 5
49 Ratings

49 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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