In this episode of Fireside with a VC, Andrew Romans explains how VC secondaries really work in large private companies — and how buyers and sellers can avoid common mistakes.

We cover:

· Secondaries vs. primaries

· Stock transfer permissions and why deals get blocked

· ROFRs and the ROFR price

· Direct to cap table vs. layered SPV structures

· How to calculate the all-in cost (with or without carry)

· Fake brokers, daisy chains, and wasted time

· Liquidity post-investment

This episode draws on 20 years of experience, 70 SPVs, and five pooled VC funds.

🎙️ More episodes: https://www.7bc.vc/podcast

👉 Events: https://www.7bc.vc/events
✅ Apply: https://lu.ma/user/usr-8Y0b18KjVLZhAPm
📩 Contact Andrew: [email protected]

Important: This content is for informational and relationship management purposes only. It is not an offer to sell or a solicitation of an offer to buy any security. Any offering will be made only to eligible investors, through private communications, pursuant to applicable offering documents, and only where permitted by law.

E129 — Silicon Valley Real Estate – Selling Google their first building - Barry DiRaimondo, CEO, SteelWave

In this episode of Fireside with a VC, I sit down with Barry DiRaimondo to understand the history, present and future of Silicon Valley real-estate market from a lifetime veteran who sold Google their first building.  

• The story of selling Google their HQ building
• Is Commercial RE a hard asset, a financial asset, or asocial asset?
• What is the difference between design and architecture?
• How has the workplace evolved over time?
• How technology real estate differs from other real estate.
• How to think about risk? What types of risks CAN be underwritten and what types CAN'T be underwritten?
• Lessons learned from those that CAN'T be underwritten?
• The future of the industry going forward and compare that towhere its been.

Upcoming live events — Global VC Demo Day (VC–LP Tour)

👉 Register and view dates: https://www.7bc.vc/events
📌 Next stops include: Dallas, Zurich, Geneva, Munich, San Francisco, Austin, New York, Singapore, Berlin, and London.
Apply to attend: https://lu.ma/user/usr-8Y0b18KjVLZhAPm

• All episodes: https://www.7bc.vc/podcast
• Watch this episode on YouTube: https://youtu.be/IGbVQYRDV0k?si=d7SgBXcHYHs1jpW_
• Contact Andrew Romans if you are an active LP interested in investing in VC funds and would like to join us at VIP luncheons, dinners, or Global VC Demo Day events. [email protected]

In this episode of Fireside with a VC, I sit down with Biju Ashokan, CEO of Radius, to unpack how AI and automation are reshaping the real estate agent workflow—from lead to close. We discuss:

· How AI and automation can help agents buy or sell five times more properties per year (in the right operating model).

· What an “always-on” assistant looks like: proactively sourcing inventory, matching buyers and sellers, drafting complex documents, and handling back office tasks—so agents can spend more time on relationships and closing.

· What is changing in the US real estate and brokerage industry.

· Why the number of agents may decrease, while productivity and income per agent may rise.

Learn more about Radius

· Website: https://www.radiusagent.com/

· Contact: Biju Ashokan (CEO) — [email protected]

Upcoming live events — Global VC Demo Day (VC–LP Tour)👉 Register and view dates: https://www.7bc.vc/events
📌 Next stops include: Dallas, Zurich, Geneva, Munich, San Francisco, Austin, New York, Singapore, Berlin, and London.Apply to attend: https://lu.ma/user/usr-8Y0b18KjVLZhAPm

· All episodes: https://www.7bc.vc/podcast

· Watch this episode on YouTube: https://youtu.be/PSX2bxFjNr4

Contact Andrew Romans if you are an active LP interested in investing in VC funds and would like to join us at VIP luncheons, dinners, or Global VC Demo Day events. [email protected]

In this episode of Fireside with a VC, I sit down with Simo Lemhandez, CEO, Folk
We discuss:

CRM built today with native-AI technology.

How one CRM draws data from email, CRM, WhatsApp, meeting notes and more.

Integrating data enrichment, mining your data, sending email sequences and follow up reminders all in one dynamic application.

How CRM can become a virtual assistant.

Allowing CRM to do much of your busy work combining many expensive static software suites into one central application.

Start your 2-week free trial here: https://www.folk.app/.

Upcoming Live Events 

Global VC Demo Day VC–LP tour

👉 Register here: https://www.7bc.vc/events

📌 Next stops on our global tour include Dallas, Zurich, Geneva, Munich, San Francisco, Austin, New York, Singapore, Berlin, and London.

Check dates and availability: https://www.7bc.vc/events.

Apply to attend our upcoming events: https://lu.ma/user/usr-8Y0b18KjVLZhAPm

Find all Fireside with a VC episodes at: https://www.7bc.vc/podcast.

Find this episode on YouTube: https://youtu.be/cCWlvnVJirY.

Contact Andrew Romans if you are an active LP seeking to invest in VC funds and would like to join us at any of our VIP luncheons, dinners, or sunset yacht cruises, or Global VC Demo Day events.

In this episode of Fireside with a VC, I sit down with FabriceGrinda, founder of FJ Labs investing in seed at scale : 3 investments per week

We discuss:

Valuations of AI Seed to Series A startups

All things market places, take rates, valuations, exits

Secondaries, how to sell, when and how much

Take rates and how to layer revenue on a marketplace

Why the seed VC market outperforms the growth market

Global VC Demo Day Miami – Art Basel

👉Register here: https://luma.com/ulz95tfo

Contact Andrew Romans if you are an active LP seeking toinvest in VC funds and would like to join us at any of our VIP luncheons, dinners, or sunset yacht cruise during Art Basel Miami, December 4–7, 2025.

📌 Next stops on our global VC–LP tour include Dallas, Zurich, Geneva, Munich, San Francisco, Austin, New York, Singapore, Berlin, and London.

Check dates and availability: https://www.7bc.vc/events
Apply to attend our upcoming events: https://lu.ma/user/usr-8Y0b18KjVLZhAPm

In this episode of Fireside with a VC, I sit down with Arvin Grover, General Partner at Digital Health Venture Partners (DHVP), to dive into how AI is reshaping healthcare and where the biggest opportunities are for founders and investors.

We discuss:

· Why roughly 22% of the healthcare sector has adopted AI compared to 9% in the broader economy

· The most compelling use cases for AI across the healthcare value chain

· How targeted AI solutions and sector-focused innovation can rejuvenate America’s competitiveness

· What it takes for a digital health–focused venture fund to thrive (or fail) under shifting market conditions

📧  Connect with ArvinLinkedIn: https://www.linkedin.com/in/arvin-grover/Email: [email protected]
Watch on YouTube: https://youtu.be/uB9xhrFQVe8

Meet Arvin Grover at 7BC’s Global VC Demo Day in Miami during Art Basel on December 4, 2025, alongside 100+ VCs, family offices, institutional investors, HNWIs, startups, and more. Join us for a 2-hour networking reception following 7 hand-selected VCs presenting their funds.

👉 Register here: https://luma.com/ulz95tfo

Contact Andrew Romans if you are an active LP seeking to invest in VC funds and would like to join us at any of our VIP luncheons, dinners, or sunset yacht cruise during Art Basel Miami, December 4–7, 2025.

📌 Next stops on our global VC–LP tour include Dallas, Dubai, San Francisco, Austin, New York, Singapore, Berlin, and London.
Check dates and availability: https://www.7bc.vc/eventsApply to attend our upcoming events: https://lu.ma/user/usr-8Y0b18KjVLZhAPm

This video explains how a VC Fund of Funds (FoF) works. It explains how we raise LP capital from investors, how cash is paid into the fund and how cash is paid back to LPs. I explain how the management fees and carry work, how this compares to a classic VC fund that invests directly in startups, how the risk is lower, how the payments back to LPs are expected to be much steadiers, multiples, and other ways to compare an FoF to a VC fund and how they work together.

This video / episode is NOT for my usual audience, but explains how venture capital works to someone who is new to VC. We recently had new LPs invest in our VC funds, and they were not clear about how VC differs from a hedge fund. They were not clear on how they pay their cash into the fund, how the management fees and carry / performance fee work, and how we make cash distributions back to them, and how they get their money back and are paid profits. This video explains how classic VC works, how 2&20 works, and how and when distributions are made when we sell shares from IPO, M&A, or secondary transactions.

In this episode of Fireside with a VC, I sit down with John Frankel, founder and partner at ff Venture Capital, to discuss:

· The rise of AI Point Solutions (AIPS)

· ff VC’s new fund driving innovation in energy and manufacturing

· How VC fund size and strategy influence performance across different economic cycles

John shares insights on how targeted AI solutions and sector-focused innovation can rejuvenate America’s competitiveness — and what it takes for a venture fund to thrive or fail under shifting market conditions.

Upcoming Live Event

Hear John present his fund strategy at 7BC’s Global VC Demo Day in New York City on September 17th, 2025, alongside 100+ VCs, family offices, institutional investors, HNWIs, startups, and more. Join us for a 2-hour networkingreception following 7 hand-selected VCs presenting their funds.

👉 Register here: https://lu.ma/f3qxubi5
📌NYC is the 4th stop of our global tour.

Apply to attend our upcoming events: https://lu.ma/user/usr-8Y0b18KjVLZhAPm

Global Tour Dates🍎 New York City – September 17, 2025 – Host: Brown Rudnick
🇺🇸 Washington DC – September 25, 2025 – Host: Foley (all-star VC panel + networking, not VC Demo Day)
🇨🇱 Austin – October 14, 2025 – Host: CBRE
🇺🇸 San Francisco – October 29, 2025 (Day after TechCrunch Disrupt) – Host: Greenberg Traurig
☀️ Los Angeles / Santa Monica – November 5, 2025 – Host: ExpertDOJO
🌴 Miami – December 4, 2025 (During Art Basel, Dec 3-7)
🇦🇪 Dubai – February 2026
🇨🇱 Austin – March 18, 2026 (SXSW VC-LP mixer – no VC Demo Day) – Host: CBRE
🍎 New York City – April 2026 – Host: Brown Rudnick
🇺🇸 San Francisco – April 2026 – Host: Greenberg Traurig
🇸🇬 Singapore – May 2026 – Host: Greenberg Traurig
🇩🇪 Berlin – June 11, 2026 (Day after SuperVenture)🇬🇧 London – June 16, 2026 – Host: Brown Rudnick

7BC’s Fund of Funds + Cherry-Pick Direct VC Strategy (and why now) + Invitation to 7BC VC-LP-Startup EventsLearn how 7BC combines a Fund of Funds (FoF) with a Cherry Pick Direct VC strategy to back top-decile managers and invest directly in their best companies—unlocking liquidity with secondaries so VCs can return cash to LPs faster.What you’ll learn• Why FoF + Direct VC now• The best VCs from the ’70s–’90s scaled 10x–30x and became mega funds doing late growth rounds near exit prices. Returns are more compressed and take longer to realize.• The Cambrian explosion of VC funds: Alumni from OpenAI, Palantir, Google and countless exited founders have launched funds. NYC went from 50 VCs fifteen years ago to 1,200+; Silicon Valley has thousands. It’s now impossible to track managers and deals without serious AI and dedicated resources.• How 7BC Capital (FoF) invests: We often join final closes of top emerging managers after TVPI is already up, making our commitment worth appromimately 1.2x–2.5x on day one. For established, top-decile sub-$250m funds, we work hard to access first or second closes when final closes are shut.• How 7BC Venture Capital (Direct VC) invests: We fund primaries and buy secondaries—typically preferred shares in the best five companies inside a VC’s portfolio—so that manager can deliver DPI to LPs ahead of their next raise. This directly addresses the VC–LP–startup liquidity crunch.• Our AI edge: 7BC uses AI to map and monitor thousands of VC funds and tens of thousands of startups, surfacing the right managers, the right companies, and the right secondary windows.Get in touch & apply for events• Contact us to attend our 10-20 person VIP dinners the day before or after our larger Global VC Demo Day events: https://www.7bc.vc/contact• Apply to attend upcoming events: https://lu.ma/user/usr-8Y0b18KjVLZhAPmUpcoming in-person events🍎 New York City — Sept 17, 2025 — Host: Brown Rudnick🇺🇸 Washington, DC — Sept 25, 2025 — Host: Foley🇨🇱 Austin — Oct 14, 2025 — Host: CBRE🇺🇸 San Francisco — Oct 29, 2025 (day after TechCrunch Disrupt) — Host: Greenberg Traurig☀️ Los Angeles / Santa Monica — Nov 5, 2025 — Host: ExpertDOJO🌴 Miami — Dec 4, 2025 (during Art Basel, Dec 3–7)🇦🇪 Dubai — Feb 2026🍎 New York City — Apr 2026 — Host: Brown Rudnick🇺🇸 San Francisco — Apr 2026 — Host: Greenberg Traurig🇸🇬 Singapore — May 2026 — Host: Greenberg Traurig🇩🇪 Berlin — June 11, 2026 (day after SuperVenture)🇬🇧 London — June 16, 2026 — Host: Brown Rudnick 👍 Like, comment & subscribe for more discussions on venture strategies, liquidity, and portfolio construction. Legal DisclaimerThis video and description (the “Content”) are provided by 7BC Venture Capital and 7BC Capital (together, “7BC”) for informational purposes only. The Content does not constitute investment, legal, tax, or accounting advice, and does not constitute an offer to sell or a solicitation of an offer to buy any security, interest in a fund, secondary position, or other transaction. Investing involves significant risk, including the possible loss of all or a substantial portion of invested capital. Venture investments and secondary transactions are speculative, illiquid, and subject to long holding periods and transfer restrictions. Past performance is not indicative of future results. Any targets, estimates, ranges, or examples (including TVPI/DPI figures or multiples) are illustrative only, reflect assumptions that may change, and are not guarantees of performance or liquidity.References to specific funds, managers, companies, or case studies are for illustration and discussion only and do not constitute recommendations, endorsements, or indications that any such investments were or will be profitable or are held by 7BC. Hashtags: #VentureCapital #VC #FundOfFunds #Secondaries #Liquidity #LPs #Startups #AI #DPI #TVPI #7BC