Episode 9
E9: David Clark | Investment Director at VenCap on What Every LP Gets Wrong About Power Laws
How I Invest with David Weisburd
September 12, 202346m 9s
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Show Notes
David Weisburd sits down with David Clark, Investment Director at VenCap International PLC to discuss his viral post about power laws in venture capital, manager predictability, adverse selection in VC, and what percent of startups go to zero. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.
(0:00) Episode Preview
(2:40) David Clark's data set of over 250 early-stage funds
(4:40) Power laws and fund returns
(9:20) Survivorship data and challenges in emerging managers data
(12:30) Succession in VC
(14:36) Sponsor: AngelList
(18:43) How do you back the top 1% of companies
(21:30) Ownership percentages and returns
(29:00) Follow on that a fund should reserve at every stage
(36:30) Ten year predictions for VCs and LPs