Origins - Inside Venture Capital, Hosted by a GP and an LP

Minisode: Franchise Funds: Why do LPs & Founders Care?


Listen Later

Origins host Beezer Clarkson sits down with her colleague Laura Thompson, fellow LP and Partner at Sapphire Partners, to discuss her recent conversation with Stephen Bluestein, Partner of Primary Investments at Adams Street and formerly Packard Foundation, about what it takes to make (and potentially later break) a franchise fund in venture. Together, Beezer and Laura debrief their top takeaways, including: do the hallmarks of a franchise differ between GPs and LPs (or even amongst different LPs); how does a franchise produce a lights-out 5x or 10x fund at their fund size; is a consistent 2x net good enough; parallels of sports franchises; and, does the right to win with the best founders mean you will then deliver the best returns?


Learn more about Sapphire Partners: sapphireventures.com/sapphire-partners

Learn more about OpenLP: openlp.vc

Learn more about Asylum Ventures: asylum.vc

Learn more about Adams Street Partners: adamsstreetpartners.com

Read Laura Thompson’s blog on why venture reserves aren’t always a good thing:

sapphireventures.com/blog/dirty-secret-venture-reserves-are-not-always-a-good-thing/

Read Laura Thompson’s blog on fund recycling:

sapphireventures.com/blog/fund-recycling-moves-the-needle-for-both-lps-and-gps-heres-how/

Read Laura Thompson’s blog on QSBS:

sapphireventures.com/blog/how-lps-gps-and-founders-can-leverage-qsbs-to-make-more-money/


Subscribe to the OpenLP newsletter for a monthly roundup of the latest venture insights, including the newest Origins episodes, delivered straight to your inbox.

...more
View all episodesView all episodes
Download on the App Store

Origins - Inside Venture Capital, Hosted by a GP and an LPBy OpenLP from Sapphire Partners

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

62 ratings


More shows like Origins - Inside Venture Capital, Hosted by a GP and an LP

View all
This Week in Startups by Jason Calacanis

This Week in Startups

1,271 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

997 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

512 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

175 Listeners

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

Equity

340 Listeners

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

Capital Allocators – Inside the Institutional Investment Industry

814 Listeners

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

All-In with Chamath, Jason, Sacks & Friedberg

8,688 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

411 Listeners

Venture Unlocked: The playbook for venture capital managers by Samir Kaji

Venture Unlocked: The playbook for venture capital managers

80 Listeners

The Logan Bartlett Show by by Redpoint Ventures

The Logan Bartlett Show

192 Listeners

No Priors: Artificial Intelligence | Technology | Startups by Conviction

No Priors: Artificial Intelligence | Technology | Startups

123 Listeners

The Social Radars by Jessica Livingston

The Social Radars

98 Listeners

More or Less by Dave Morin, Jessica Lessin, Brit Morin, and Sam Lessin

More or Less

84 Listeners

BG2Pod with Brad Gerstner and Bill Gurley by BG2Pod

BG2Pod with Brad Gerstner and Bill Gurley

441 Listeners

AI + a16z by a16z

AI + a16z

26 Listeners