A lot of LPs dismiss VC Fund of Funds immediately, and one of the reasons you’ll hear often is “double fees.” But here’s a (data driven) reason for them to reconsider that position… John Felix from FoF Pattern Ventures analyzed PitchBook performance benchmarking data from 2005-2019, comparing net TVPI for the entire VC universe (“Direct … Read more
“Every month for an LP is like a day.” I just finished our latest Emerging Manager Spotlight on institutional LP due diligence, and I keep coming back to something Caleb Ollech (Director of Investments at Johns Hopkins) said that captures what this process is really about. When evaluating emerging managers, Caleb’s team asks themselves: Would I … Read more
A lot of LPs dismiss VC Fund of Funds immediately, and one of the reasons you’ll hear often is “double fees.” But here’s a (data-driven) reason for them to reconsider that position… John Felix from FoF Pattern Ventures analyzed PitchBook performance benchmarking data from 2005-2019, comparing net TVPI for the entire VC universe (“Direct VC” … Read more
