Venture Unlocked: The playbook for venture capital managers

Avidan Ross of Root VC on investing in deep tech, taking an heavy approach on reserves, and building LP relationships - Venture Unlocked 016


Listen Later

Happy New Year! I’m thrilled to announce that Avidan Ross is our first guest of 2021 Avidan is the Founder and managing partner of Root Ventures and one of the most thoughtful newer seed stage managers in the market.

Like many that have appeared on the show, Avidan took a non-traditional path into venture. After graduating from Columbia, Avidan spent time in various engineering roles before becoming CTO at CIM Group, L.P., a private equity firm currently with $30B under management. After nearly 7 years at CIM, Avidan moved on to become a host a Food Network pilot and also co-write a book on the best coffee in the U.S.

In 2013 Avidan founded Root Ventures. Today, he and his partners Chrissy Meyer, Kane Hseih, and Lee Edwards each bring strong engineering backgrounds and a passion for taking a very hands-on roles with their portfolio companies which incline toward very technical in nature.

In this episode we discuss the following topics:

00:35    Avidan’s journey into venture capital

04:15   Getting comfortable with investing in early-stage deep tech companies out of a small fund

09:01   What is the most important thing they look to bring to founders

11:38    Portfolio construction and why they reserve more than most seed funds

16:44    Portfolio sizing

18:54    His thoughts on generalist funds vs. specialists

21:32    How they think about value-add.

25:54    The hiring model Root uses

30:06    The difference fundraising Fund I and Fund II, and building relationships with LP’s.

39:46    Avidan’s biggest career mistake.

41:02    His biggest investing miss.

42:30    The people in the industry he’s inspired by.

Mentioned in this episode:

* Root Ventures

I’d love to know what you took away from my conversations with Avidan Ross. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you’d like to be considered as a guest or have someone you’d like to hear from (GP or LP), drop me a direct message on Twitter.

Podcast Production support provided by Agent Bee Agency



This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com
...more
View all episodesView all episodes
Download on the App Store

Venture Unlocked: The playbook for venture capital managersBy Samir Kaji

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

80 ratings


More shows like Venture Unlocked: The playbook for venture capital managers

View all
This Week in Startups by Jason Calacanis

This Week in Startups

1,273 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,036 Listeners

We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,368 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

519 Listeners

Acquired by Ben Gilbert and David Rosenthal

Acquired

4,014 Listeners

Founders by David Senra

Founders

1,906 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,317 Listeners

Equity by TechCrunch, Mary Ann Azevedo, Kell, Theresa Loconsolo, Rebecca Bellan, Kirsten Korosec, Devin Coldewey, Margaux MacColl

Equity

338 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

804 Listeners

Eye On The Market by Michael Cembalest

Eye On The Market

284 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,207 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

416 Listeners

Joe Lonsdale: American Optimist by Joe Lonsdale

Joe Lonsdale: American Optimist

164 Listeners

The Ben & Marc Show by Marc Andreessen, Ben Horowitz

The Ben & Marc Show

135 Listeners

BG2Pod with Brad Gerstner and Bill Gurley by BG2Pod

BG2Pod with Brad Gerstner and Bill Gurley

461 Listeners