Growth @Juniper_Square and Venture Partner @fprimecapital. Opinions are mine but I'll happily share
Lost somewhere
Joined March 2015
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Jay Farber retweeted
LP QUALITY, WHY IT MATTERS, AND HOW TO DILIGENCE IT
A thread for investment managers, emerging and not.
These are my suggestions from my own experience - I would encourage GPs to chime in here, I know there are people on here that have put a lot of thought into this.
Jay Farber retweeted
Super interesting report from @juniper_square on the state of VC.
53% of VCs are looking to improve portfolio monitoring. Top area for forward-looking technology investment. 👀
Not surprised based on what we're seeing.
Time to build! @metrics_co
junipersquare.com/guides/202…
Jay Farber retweeted
.@rooociowu has been investigating the capabilities of #FedNow, the forthcoming American real-time payments system. In her first @Forbes contributed column, she compares its international peers.
#fintech #vc
forbes.com/sites/rociowu/202…
Jay Farber retweeted
2) GPs with swift communication on direct and indirect exposure appreciated in this moment.
From one large LP:
"Many of our VC GPs don't have dedicated IR and are too busy dealing with their own exposure and helping companies to return our call"
Jay Farber retweeted
Heard from a VC LP this week:
“Very hard to underwrite anyones track record right now - regardless of how they have marked their portfolio. There are too many bad companies sitting on a lot of cash. We will wait for fallout and dispersion to become more clear.”
Jay Farber retweeted
Ready to make hiring your competitive advantage? After 3 years of building, we're excited to launch Ashby!
Join us on September 13th for a product deep dive presented by our CEO & Co-founder, Benji Encz, and other team members.
Save your spot: hubs.li/Q01jKJLF0
Jay Farber retweeted
@jay_farber told me that he ran into someone that said our email outreach wasn't "juicy" enough...
That's not okay.
Allow me to make our case. 🍊🍇🍓
Jay Farber retweeted
All for speed to market but AngelList is not the platform for full time fund managers. You need to own your LPA, have a lawyer on call and truly sweat the details.
Jay Farber retweeted
Super classy move by a venture fund I backed:
Before issuing the first capital call, they proactively emailed every single LP and asked them if they wanted to *reduce* their investment amount given market conditions
“We do not want anyone to have anxiety over their commitment”
Jay Farber retweeted
$250M just isn’t that much money…
It blows my mind that much richer, smarter, better people can’t beat these backward fucks.
Jay Farber retweeted
Heard from VC LPs this week:
- Gone are days of “rabbit hole GPs” (only pops up to fundraise). LPs want VC to learn from buyout IR playbook.
- Handful of public positions driving vol in private NAVs. Little movement on private marks. For one LP at peak, $COIN 1/3 of private NAV
Jay Farber retweeted
Did you see @jay_farber speak at the @PEI_news CFOs & COOs Forum earlier today? If not, we’d still love to share how Juniper Square can help your firm create value and drive efficiency. Learn more here: pages.junipersquare.com/requ…
Jay Farber retweeted
Top of mind for VC LPs this week:
- Valuation sobriety LPs want framework for understanding portfolio quality
- Sequoia Annual Mtg lots of debate about permanent fund
- Publics in private funds, as distributions slow will want $
- Crazy high bar for $ and mtgs. DPI opens doors
Jay Farber retweeted
We raised $174 million in 3 years for Harlem Capital.
We started with no prior VC experience and a strategy many questioned.
Here’s thread on what limited partners (LPs) are looking for when they invest in a VC fund 📝
Jay Farber retweeted
Potential financing stack for new RE GPs:
1) @juniper_square for entity setup/admin
2) ? for equity
3) @JanoverVentures for sourcing construction and permanent loan
4) @investwithLEX for exit
2 could be "YC for urban-infill market-rate multi-family high-rise rental GPs"
Jay Farber retweeted
1955: Clippings of irresponsible media reporting on polio vaccine used as anti-polio vaccine propaganda.
Jay Farber retweeted
We’re on the look out for a Product Designer and multiple Engineering roles - to join our founding team (currently 7 of us) at Renew.
I’ll pay you $5k if you introduce us to the person we hire for each/all.
angel.co/company/renew-real-…