Iyan Unsworth, Vice President of AXA Venture Partners sits down with David Weisburd to discuss about the significance of strong relationships between LPs and GPs, the growing importance of venture secondaries as an investment strategy, and the unique characteristics of venture capital as an asset class.
The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co
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X / Twitter:
@dweisburd (David Weisburd)
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LinkedIn:
Iyan Unsworth: https://www.linkedin.com/in/iyan-unsworth-1016a896/
AXA Venture Partners: https://www.linkedin.com/company/axavp/
David Weisburd: https://www.linkedin.com/in/dweisburd/
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LINKS:
AXA Venture Partners: https://www.axavp.com/
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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
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TIMESTAMPS:
(0:00) Episode Preview
(2:25) Key Investment Regions and Geographical Distribution of AVP's Portfolio
(4:01) Ideal GP Characteristics and Decrease in Funding for First-Time Funds
(7:42) Full-Time Commitment and Historical Performance of Venture Capital
(9:02) Principal-Agent Problem and Market Contraction Analysis
(11:07) Profiles and Importance of Partnership in Emerging Managers
(12:04) Evaluating Teams, Dynamics, and Performance in Venture Capital
(15:00) Sensitivity in Performance Discussions and Incentive Reassignment
(18:54) Conservative Fund Strategies and Transparency in Track Records
(20:05) Complexities of Deal Attribution in Diligence Processes
(22:03) Discussion on Secondaries
(24:22) Closing Remarks
