『The Venture Capital Investor Podcast with Fexingo: Startup Investing for Limited Partners』のカバーアート

The Venture Capital Investor Podcast with Fexingo: Startup Investing for Limited Partners

The Venture Capital Investor Podcast with Fexingo: Startup Investing for Limited Partners

著者： Fexingo
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Lucas and Luna dissect venture capital from the limited partner's vantage point, moving beyond surface-level pitch decks to the actual mechanics of fund construction, fee structures, and return attribution. Each episode examines a specific LP decision—whether to commit to a first-time fund, how to evaluate track records without survivorship bias, or what the J-curve really means for cash flow planning. Using real fund documents and public filings from firms like Sequoia, a16z, and Index Ventures, the hosts walk through how institutional investors think about vintage year risk, diversification across stage and geography, and the overlooked influence of fund terms like hurdle rates and clawbacks. Lucas brings the analytical framework—think modified IRR calculations and public market equivalents—while Luna tests those ideas against actual LP experiences from endowments, family offices, and pension funds. They contrast the narratives venture firms sell (moonshots, founder-first ethos) with the data LPs actually use (DPI, TVPI, quartile persistence). Whether you're a new family office allocator or an experienced fund-of-funds analyst, this show gives you the language and logic to push back on a GP's story. Why do top-quartile funds tend to revert to the mean, and how do you spot the ones that won't? #VentureCapital #LimitedPartners #FundInvesting #LPStrategy #VCReturns #PortfolioConstruction #FundTerms #VintageYear #DPI #TVPI #JCurve #InstitutionalInvesting #EndowmentModel #FamilyOffice #FundOfFunds #FexingoBusiness #BusinessPodcast #Finance Keep every episode free: buymeacoffee.com/fexingo© 2026 Fexingo. All rights reserved. 経済学
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  • Why LPs Ignore Startup Runway Math

    Why LPs Ignore Startup Runway Math
    2026/09/11
    Limited partners often miss the most critical signal in a venture capital fund’s portfolio: the aggregate cash burn rate of underlying startups. This episode examines how ignoring basic runway math leads to blind spots in vintage year returns. We analyze a specific case where ten percent of a portfolio consumed fifty percent of capital reserves, dragging down overall IRR despite headline growth metrics. Lucas and Luna break down the mechanics of dilution, follow-on funding rounds, and why LPs need to ask GPs about weighted average burn, not just total committed capital. #VentureCapital #LimitedPartners #StartupRunway #CashBurn #FundPerformance #GPDueDiligence #CapitalEfficiency #IRRAnalysis #PortfolioMonitoring #DilutionRisk #FollowOnFunding #VintageYearReturns #FinancialModeling #StartupValuation #RiskManagement #PrivateMarkets #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    12 分
  • Why LPs Overlook GP Portfolio Cash Burn

    Why LPs Overlook GP Portfolio Cash Burn
    2026/09/09
    Limited partners often focus heavily on headline returns and fee structures when vetting venture capital general partners, but a critical blind spot remains: how GPs monitor and manage portfolio company cash burn. In this episode, we examine why the runway of individual startups matters more than the aggregate fund IRR for long-term LP health. We look at specific scenarios where aggressive burn rates mask underlying operational weaknesses and discuss the concrete data points LPs should demand to assess true portfolio sustainability in the current quarter. #VentureCapital #LimitedPartners #GeneralPartners #CashBurn #StartupInvesting #DueDiligence #PortfolioHealth #RunwayAnalysis #FundManagement #StartupValuation #FinancePodcast #BusinessStrategy #FexingoBusiness #BusinessPodcast #VCIndustry #StartupEconomics #InvestorRelations #CapitalEfficiency Keep every episode free: buymeacoffee.com/fexingo
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    13 分
  • How LPs Vet GP Commitment to Portfolio Health

    How LPs Vet GP Commitment to Portfolio Health
    2026/09/08
    Limited partners often focus on the headline IRR when evaluating venture capital general partners, but this episode shifts attention to a quieter, more critical metric: how GPs manage portfolio company runway and cash burn. We examine why ignoring operational health in favor of chasing unicorns can erode long-term value, using specific examples of funds that prioritized sustainable growth over hyper-scaling narratives. Lucas and Luna discuss the structural changes LPs are demanding, from revised carry waterfalls to stricter reporting on monthly burn rates, and explore how this shift reflects broader market realities as we approach late 2026. The conversation also highlights the importance of alignment between GP incentives and portfolio longevity, offering listeners a concrete framework for assessing whether a fund manager is truly building durable businesses or merely managing exit timing. #VentureCapital #LimitedPartners #GeneralPartners #CashBurn #PortfolioHealth #FundPerformance #InvestmentStrategy #StartupFunding #BusinessGrowth #FinancialAnalysis #WealthManagement #PrivateEquity #RiskManagement #DueDiligence #CorporateFinance #EconomicTrends #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    10 分
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