Minisode: The Brutal Math Behind VC Consolidation

Origins hosts Nick Chirls (GP, Asylum Ventures) and Beezer Clarkson (LP, LGT Capital Partners) unpack a recent conversation with David Clark, CIO of VenCap International PLC on megafunds vs small funds and a16z returns. They also discuss Beezer’s article “I See Dead VCs,” which explores how VC is in the first meaningful industry-wide contraction in modern venture history, risks to seed formation, and the workstreams required for emerging managers to institutionalize and endure.

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CHAPTERS:

00:00 Welcome to Origins

00:33 David Episode Takeaways

02:01 I See Dead VCs Article

02:59 Venture Contraction Data

04:17 Fund Survival Math

05:47 Seed Ecosystem Risk

07:35 What Gets You to Fund Two

08:48 Building a Durable Firm

11:13 Traits of Long Run Managers

Learn more about OpenLP: https://openlp.vc

Learn more about Asylum Ventures:https://asylum.vc

Learn more about VenCap: https://www.vencap.com/

Read Beezer’s article “I See Dead VCs”: https://www.linkedin.com/pulse/i-see-dead-vcs-elizabeth-beezer-clarkson-uc4xc/