Partner @SapphirePrtnrs - the LP arm of @SapphireVC. Sharing the LP perspective via @Open_LP. Free time: hiking, cooking & watching 49ers/Giants/Warriors!
Congrats to Liu Jiang team at @seedtosunflower on the close of Fund II!
In a tough market for 1st time managers, Liu built something exceptional & we’re proud to be among Sunflower’s early LPs.
We’re excited to support Sunflower’s mission to back technical founders from day zero—with discipline, clarity, & conviction. Onwards & upwards 🌻
📖 Read more: wsj.com/articles/sunflower-c…
🎙️🆕Grateful to join @alexabinns & @EarnestSweat on @AllocatorsPod!
We covered everything from evaluating emerging mngrs, navigating reserves, how @SapphirePrtnrs is supporting GPs through a complex market environment & the mission behind @Open_LP.
Thanks for having me on! 🙏
Is now the right time to start a venture fund? @LauraLPThompson says yes—if you lead with focus, data, & conviction.
🆕🎧 Laura joined @AllocatorsPod to share how @SapphirePrtnrs is approaching emerging managers, fund construction & reserve strategy in today’s market including:
📌 The realities of underwriting in today’s venture environment
📌 How Sapphire Partners balances emerging and established managers
📌 Characteristics of successful Fund I–III GPs
🎧 Listen to the episode: open.spotify.com/episode/7vx…#LPInsights#EmergingManagers#OpenLP#FundStrategy
What separates a great VC from a true franchise fund? I joined my colleague @Beezer232 to unpack this Q her convo with Stephen Bluestein from Adams Street Partners on Origins.
🎧 Listen/subscribe wherever you get your podcasts below.
#VC#Origins#OpenLP
🆕🎙️ What makes a franchise fund in venture capital? It’s not just about a 5x or 10x “lights-out” fund. In today's Origins minisode, @Beezer232 & @lauralpthompson break down how the best firms earn (& keep) the right to win w the best founders. Here's what they uncovered:🧵
QSBS is a game-changer for LPs, GPs & founders. In my latest blog, I explain how it can save millions in taxes for emerging managers, leading to significant savings. 💡
#VC#QSBS
🧵💰Want in on the unspoken secret of making more money for GPs, LPs, and founders...
In a brand new blog, @LauraLPThompson, Partner at @SapphirePrtnrs, breaks down QSBS: a powerful, often overlooked tax incentive that can significantly boost after-tax returns👇
Thank you, @jamescthorne, for including my perspective on the current fundraising environment and advantages of betting on emerging managers. 💪
Read more in @PitchBook below.
We’re hiring an Associate to join our team of LPs at @SapphirePrtnrs in SF! 💫
Know someone fantastic w/ 1-3 yrs of relevant experience (LP backgrounds prioritized) in a financial analysis position at a fund investment firm, financial/VC firm, or a technology-focused corporate role? Encourage them to apply 👇
boards.greenhouse.io/sapphir…#fundinvesting
We’re hiring an Associate & VP to join the @SapphirePrtnrs team in SF! 💫 Know of any aspiring LPs or one looking to make their next move?
🔗Please share and encourage them to apply here: boards.greenhouse.io/sapphir…#VC#Hiring
Looking forward to joining this powerhouse group of women on stage at the Women's VC Summit next year! If you're interested in learning about LPs - what they like & don't - join us in Half Moon Bay on 2/8. Details 👇
Emerging managers curious about how to stand out to LPs - next week I'll share the early signs of a successful fund manager that we look for at @SapphirePrtnrs what we like to see in a pitch deck w/ @500GlobalVC's @bedy in the first LP Webinar Series hosted by @vcunlocked!
Woot woot! Today, we announced that @SapphirePrtnrs is launching a new program to invest in emerging venture managers with a sole LP, @CalSTRS, the world's largest educator-only pension fund! 💥 Read more👇
[1/6] Today, we announced Sapphire Partners is launching a new emerging venture managers investment program with a sole LP, @CalSTRS, the world's largest educator-only pension fund! 👏🧵
More about our perspective & what this means for emerging managers: bit.ly/3sRmZV4
We keep hearing about the #VC pacing slow down, but have seen less data on capital calls & any correlation. My colleague @EvanTarzian and I were curious, so we dug into our own emerging manager data.
Our findings below! 👇
New data on Capital Calls! ☎️
Everyone's talking about #VC pacing slow down, but we've seen less data around capital calls & how the past several quarters compare to ’20-‘21.
🧵@EvanTarzian & @LauraLPThompson dug into @SapphirePrtnrs’ early-stage mngr data & the findings are 🤯
When the market shifts like this, getting "back to the basics" means different things to different managers - but opportunity funds don't always fall in this category. Thanks for including me in your piece, Marina Temkin, CFA! Alwa…lnkd.in/gYjapkyTlnkd.in/gjBhBW8U
Nearly every early-stage venture manager I encounter has a reserve strategy incorporated into their fund model.
But here's what's surprising... reserves aren't always a good thing!
Here's my new blog on just that topic.
sapphireventures.com/blog/di…
“Who are your LPs?”
This is a question I both hear and ask frequently.
And while it’s a simple question on the surface, there are a lot of nuances. Many of which have been on my mind recently.
#OpenLP
Hey GPs and LPs - good news…
You can now follow #OpenLP on LinkedIn too!
Follow the page to stay up to date on the *LP perspective in venture*. 👍
linkedin.com/company/7941786…