Venture Capital Panel – Beezer Clarkson, Chris Douvos, and Joelle Kayden (Capital Allocators, EP.299)

Capital Allocators – Inside the Institutional Investment Industry

Beezer Clarkson, Chris Douvos, and Joelle Kayden are three of the most respected investors in venture capital funds, manning their forts at Sapphire Ventures, Ahoy Capital, and Accolade Partners, respectively. Each is a past guest on the show and we’re replayed those conversations in the feed.

In a far more challenging environment after last year’s public market growth selloff and tightening of purse strings in private markets, we convened to discuss the state of the venture capital industry. Our conversation covers what got us here, re-up and new fund decisions facing allocators, challenges for venture capitalists and their portfolio companies, funding discipline across stages, dry powder, tourists exiting the game, and valuations. We discuss the potential winners and losers coming out of this trough and close with exciting opportunities and a current perspective on the blockchain.

Show Notes:

(4:47) Perspectives on last few years (7:02) Deploying capital in a frothy market (16:03) Handling re-ups and new fund investments (18:04) Making allocation decisions (23:43) Advice for managers (27:20) Dry powder on the sidelines (29:29) Valuations (34:03) Down rounds (36:22) Tourists (40:04) Scale players (43:33) Winners and losers (46:28) Industries garnering excitement (49:58) Crypto and blockchain (54:22) Venture expressions and cliches

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