What's Happening?
Adeo Ressi, founder of Decile Group, and Sarah Lacy, entrepreneur and former TechCrunch journalist, discussed the emerging manager narrative in venture capital on the StrictlyVC Download podcast. They argue against the notion that emerging managers are struggling, highlighting the success of VC Lab, which has launched over 800 venture funds globally. The discussion also covers the strategic advantage of small checks in oversubscribed rounds and the barriers faced by accomplished professionals in traditional VC. Lacy emphasizes the potential of diverse manager networks to access untapped LP pools.
Why It's Important?
The conversation sheds light on the evolving landscape of venture capital, where smaller funds and diverse networks are gaining traction. This shift could lead to increased opportunities for underrepresented groups in the industry, promoting gender parity and inclusivity. The success of VC Lab suggests that the traditional VC model may be challenged by innovative approaches that prioritize diversity and strategic investment. This development could have significant implications for the future of venture capital, influencing how funds are raised and managed.
