In our latest episode of the 10X Capital Podcast, we had the privilege of hosting Ben Black, the founder of RAISE Global Summit & Akkadian. If you think that spinning out from a big venture capitalist firm guarantees success, you might want to hear what Ben has to say.
According to Ben, many venture capitalists who leave big-name firms expecting an easy ride on the strength of their previous affiliations are often shocked by the reality. They underestimate the challenge of raising their first fund and overestimate the impact of their past affiliations.
He suggests that these individuals often fail to understand that they, in fact, didn't own the Limited Partner relationships at their previous firms. This lack of realization can lead to underperformance and difficulties in raising money.
This conversation offers an against-the-grain perspective, challenging the conventional wisdom about the advantages of spinning out from a big firm. It's a must-listen for anyone contemplating a similar move.
Tune into E71 of the 10X Capital Podcast to hear more insights from Ben Black.
