The hottest Substack posts of patternventures

And their main takeaways
119 implied HN points 17 Sep 24
  1. The venture capital world is changing, with smaller emerging managers expected to yield better returns than larger, established firms. Smaller funds need less total value to achieve strong returns, making them more appealing.
  2. Finding the right emerging managers is really tough. Not all of them will succeed, so it's important to pick those with unique skills and a track record of success.
  3. Emerging VC firms now have a lot of opportunities, especially with many new operators starting their own funds. The early-stage landscape is hot right now, and there's excitement about investing in it.
198 implied HN points 16 Feb 24
  1. Venture capital is a great field for using data because it can really improve the investment process. By analyzing data, investors can more easily find and support promising startups.
  2. Some key performance indicators (KPIs) have been shown to correlate with the success of funds. For example, funds scoring above 30% on specific KPIs are much more likely to provide high returns.
  3. While data-driven strategies are helpful, they aren't perfect. Investors still need solid experience and networks to truly understand fund performance and secure access to the best opportunities.
2 HN points 15 Dec 23
  1. Small venture funds ($5-50M) are attractive due to a high probability of finding outperforming funds combined with a low required 'win rate'.
  2. Metrics like expected return and probability of finding outperforming funds need more context and can be misleading.
  3. Access is crucial in the venture market, with smaller funds being more accessible but larger funds having higher barriers to access.