Alan Feld sits down with David Weisburd to talk about his experience founding Vintage, the significance of product-market fit in VC, and how Vintage has thrived over two decades. They discuss the impact of personal history on investment decisions, building an enduring VC firm culture, and engaging with General Partners. They also touch on successful GP cultures, investment allocation, and VC-LP relationship transparency.
Alan Feld sits down with David Weisburd to talk about his experience founding Vintage, the significance of product-market fit in VC, and how Vintage has thrived over two decades. They discuss the impact of personal history on investment decisions, building an enduring VC firm culture, and engaging with General Partners. They also touch on successful GP cultures, investment allocation, and VC-LP relationship transparency. We’re proudly sponsored by Bidav Insurance Group, visit lux-str.com if you’re ready to level up your insurance plans.
The Limited Partner podcast is part of the Turpentine podcast network. Learn more: turpentine.co
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X / Twitter:
@alanf_feld (Alan)
@dweisburd (David)
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LINKS:
Vintage Investment Partners: https://www.vintage-ip.com/
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REFERENCED SOURCES:
"Post-Traumatic Growth: Positive Changes in the Aftermath of Crisis" by Richard G. Tedeschi and Lisa M. Calhoun (2004)
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SPONSOR: Bidav Insurance Group
The Limited Partner Podcast is proudly sponsored by Bidav Insurance Group.
Today's episode is sponsored by Bidav Insurance Group. Bidav Insurance Group is run by my close friend, Ahmet Bidav, who insures me both personally and at the corporate level.
Most people are not aware of the inherent conflicts in insurance, where insurance agents are incentivized to send their clients to the most expensive option. Ahmet has always been an incredible partner to me and 10X Capital, driving down our fees considerably while providing a premium solution. I am proud to personally endorse Ahmet and I ask that you consider using Bidav Insurance Group for your next insurance need, whether it be D&O, cyber, or even personal, car, and home insurance.
You could email Ahmet at ahmet@luxstr.com.
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Questions or topics you want us to discuss on The Limited Partner podcast? Email us at david@10xcapital.com
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TIMESTAMPS
(0:00) Introduction and Alan's journey to founding Vintage
(6:37) Importance of product-market fit and sector-based fund structure in venture capital
(8:57) Sponsor: Bidav Insurance Group
(9:46) Lessons learned from managing and growing Vintage over 20 years
(17:05) Role of personal history in shaping successful entrepreneurs and investment decisions
(21:29) Building an enduring venture capital firm: Culture, succession, and economic sharing
(28:27) Regrets, reflections, and Vintage's approach to engaging with General Partners
(33:40) Cultures at GPs that consistently return alpha and importance of humility and honesty
(41:30) Allocating investments, follow-on investing, and the value of transparency in VC-LP relationships
(46:36) Wrap-up: Reflections on building a lasting venture fund