The $20B LP View: AI Valuations, Solo GPs, and What's Really Happening in Venture
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Show Notes
This week on StrictlyVC Download, TechCrunch Editor-in-Chief Connie Loizos and Alex Gove of StrictlyVC speak with Lara Banks, who leads venture investing at Makena Capital Management. They discuss her firm's $3 billion venture allocation across 30 manager relationships, how she evaluates everything from solo GPs to the AI rollup trend sweeping traditional service businesses, and why she thinks AI companies' "astronomical" revenue growth justifies their sky-high valuations despite massive infrastructure costs. Banks also shares what LPs really learned from 2021's boom-bust cycle and how the secondary market is creating new liquidity opportunities as companies stay private longer.
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