Atul Rustgi is a Partner at Accolade, working across both early-stage venture and late-stage growth equity strategies. Prior to joining Accolade in 2007, Atul worked at McKinsey & Co. and the Robin Hood Foundation.

In this episode, we discuss Atul's unique experience evaluating VC managers over the past decade, and Accolade's strategy investing in both very small early-stage venture funds and much larger late-stage growth equity funds. We also discuss Atul's deep conviction around portfolio construction, fund size, and ownership. Finally, we discuss his views on the impact of Covid-19 on the venture ecosystem today and his outlook for 2020 and beyond.

As always, a huge thank you to Carta, the title sponsor for this season of Origins. This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

Kanyi Maqubela is a Managing Partner at Kindred Ventures. He previously served as a Partner at Collaborative Fund, where he was an early advisor to Tala and Walker & Co., and a board member at Buffer, Camino Financial, Spruce, and True Link. Kanyi is also a co-founder at Heartbeat Health, and has served as a Lecturer and Adjunct at New York University Tisch School of the Arts.

In this episode, we discuss everything from Kanyi's childhood to founding his first startup out of Stanford to joining Collaborative Fund to ultimately founding Kindred Ventures with his partner Steve. But in between his story, this was a fascinating conversation about the arc of venture capital, how to build an investment process and conviction, and navigating the current Covid-19 health and economic crisis.

As always, a huge thank you to Carta, the title sponsor for this season of Origins. This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

Ciaran O'Leary is a co-founder and general partner at BlueYard, a thesis-driven early-stage venture capital firm based in Germany. In the past several years, BlueYard has backed companies like Protocol Labs (Filecoin) and Open Source Coin in the Blockchain space, Meatable and Bit Bio at the intersection of science and technology, Pitch and Vectary in open data, among other fascinating companies and theses.

In this episode, we discuss the European tech and venture capital environment over the past decade, what led Ciaran to Earlybird and then BlueYard, raising two funds for BlueYard since, how their thesis and strategy has evolved in recent years, and what the future holds in store for BlueYard and European tech startups. We also touched on how Ciaran and team are navigating the current Covid-19 crisis. This was a fascinating discussion and hope you find it as interesting as we did.

Mark Suster is the Managing Partner at Upfront. He previously was the founder & CEO of two successful enterprise software companies, the most recent of which was sold to Salesforce.com where Mark became VP, Products. He's also one of the OG VC bloggers at https://bothsidesofthetable.com.

In this episode, we discuss Mark's journey as both an entrepreneur and VC going back to the dot com, how he joined GRP Partners in 2007 and transitioned the firm into what it is now Upfront, and how he plans to grow the firm's team and talent into the future. This was a master class in VC firm building.

As always, a huge thank you to Carta, the title sponsor for this season of Origins. It's a core product that we use daily --> Get 10% off when you use the Notation Signup Link (Terms and conditions apply). This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

This is a special episode of Origins focused entirely on the concept of VC portfolio construction. We recorded this discussion as a panel with three guests that provide different perspectives on this important topic. Beezer Clarkson is an LP and managing director at Sapphire Partners, Alda Leu Dennis is a partner at Initialized, a seed-stage venture firm, and Trae Vassallo is a founder and partner at defy, an early-stage venture firm focused on Series A investments.

In this episode we cover many of the most critical items related to portfolio construction and how different LPs and VCs might approach different strategies, including portfolio company concentration, reserves and follow-on strategy, recycling, time diversity, opportunity funds and SPVs, and much more. Of all the episodes we've recorded on Origins, this might be the single most important one we've done, for VCs and LPs, emerging and established. We welcome any and all feedback, as well as thoughts on topics or strategies not covered, so that we might do so in a future episode. Send us an email at hello@notation.vc or tweet with #OpenLP to join the discussion.

As always, a huge thank you to Carta, the title sponsor for this season of Origins. It's a core product that we use daily --> Get 10% off when you use the Notation Signup Link (Terms and conditions apply). This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

Chad Byers is a co-founder and partner at Susa Ventures, a seed-stage venture fund based in SF that has backed companies like Robinhood, Flexport, and Andela. Chad discusses growing up in Silicon Valley, his path to venture, the unusual founding story of Susa with his partners, and how they've strategically planned their funds over time. Chad is one of the smartest young seed investors in SF, and this episode was essentially a playbook on how to build a seed firm.

A huge thank you to Carta, the title sponsor for this season of Origins. It's a core product that we use daily --> Get 10% off when you use the Notation Signup Link (Terms and conditions apply). This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

Lo Toney is the founding managing partner of Plexo Capital, a new $42.5 million fund incubated inside of GV focused on making investments in seed-stage VC firms led by women or people of color. In addition to investing as LPs, Plexo Capital makes direct investments in startups that are funded by firms where Plexo has an LP position. The fund’s investors include Alphabet, Intel Capital, Cisco Investments, the Royal Bank of Canada, Kapor Capital, the Hampton University Endowment and the Ford Foundation.

Previous to Plexo Capital, Lo was a partner at GV and Comcast Ventures, as well as an operator in various capacities at Zynga, Nike, and eBay. In this episode, we discuss Lo's unique career journey, some of the early lessons he learned helping to build iconic web products in the dot com era, how he landed at GV and more recently decided to build his own venture platform in Plexo Capital.

We're excited to announce Carta as the title sponsor for Origins this season, a product we use and love. Get 10% off when you use the Notation Signup Link (Terms and conditions apply). This season is also sponsored by SVB and Cooley, two of the earliest and most trusted supporters of our work at Notation.

Fabrice Grinda is the founder of FJ Labs, a company co-creation and investment firm, focused on marketplace businesses. FJ Labs has invested in companies such as Flexport, Shippo, Lime, Brightroll, among many others. Fabrice is also a serial entrepreneur, previously founding three companies - Zingy, Aucland, and OLX - All of which scaled to significant size. He was born in France and is an avid traveler, writer, and speaker.

In this episode, we cover what it was like to come to the U.S. for college, starting his first company in the dot com in France at the age of 24 and riding it to massive scale before experiencing the fallout in the early oughts, as well as starting again, successfully exiting companies, and becoming a true expert on marketplace business dynamics. We also discuss the transition to investor, the unique aspects of FJ Labs, both from an LP perspective and an investment perspective, as well as making a personal decision a few years ago to live "asset-light."

Paul Mace is the Director of Investments for Private Equity and Real Estate in the Tufts University Investment Office. He is responsible for evaluating private market managers and their investment strategies to potentially include in the university’s portfolio. Before joining Tufts, Paul was an investment banker evaluating M&A and private equity transactions for a boutique advisory firm.

In this episode, we dig into the many similarities and differences in evaluating private real-estate funds and venture funds, two areas that Paul is responsible for at the Tufts endowment. We also discuss how the Tufts endowment has evolved over the past 15 years, and their plans for the future, particularly their approach to venture capital and emerging managers.

In this special episode of Origins, Beezer Clarkson of Sapphire Partners hosts Anne Martin, the Chief Investment Officer of Wesleyan University. Anne was previously a Director of Investments at Yale University, where she oversaw the private and natural resource portfolio. At Wesleyan University, she oversees all aspects of the endowment and reports to the university's board and investment committee.

Over the course of the conversation, Beezer and Anne cover exactly what it means to run and invest a university endowment, Anne's goals for the program, how she thinks about investing across asset classes, and particularly how she approaches venture capital and picking managers. Their discussion is a unique look into what is a typically opaque part of the Limited Partner ecosystem, and a must-listen for anyone considering raising capital from endowments.