How do investors(LPs) invest in investors(VCs) when the world is changing so fast?
Vishal Verma has invested in 20+ VC(Sequoia, Kleiner Perkins, Lightspeed, General Catalyst) funds and has seen 4 market cycles. Vishal has spent decades investing in and alongside some of the biggest venture funds in Silicon Valley.
In this episode, we cover the less talked about side of venture ecosystem: LPs, family offices, access, co-investments, fund cycles and how VC has changed.
We also discuss Anthropic, SpaceX, trillion-dollar IPOs, the shrinking Silicon Valley middle class, why large VC funds can no longer make small bets, roll-up strategies and what Vishal has learned from investing through multiple market cycles.
Watch this episode to learn how venture ecosystem works
00:00 From ISRO to Silicon Valley 04:06 From Operator to Investor 05:58 The Early Sequoia Bet 08:07 From $300M to $15B Funds 12:24 Access Matters More Than Capital 15:02 Building Redwood Collective 19:10 Trillion-Dollar IPOs 27:24 How Silicon Valley’s Mafias Compound 31:30 How VC Returns Changed 34:02 The Disappearing Middle Class 36:14 Why People Are Leaving California 37:36 Why Big Funds Can’t Make Small Bets 39:30 Why Unicorns Aren’t Enough Anymore 40:18 What Happens After the IPO 43:02 VC Firms Becoming Financial Giants? 45:56 Why He Ignores IRR 49:25 Is AI a Commodity? 53:10 Next Generation of VC Funds 59:00 Inside the Roll-Up Strategy 01:02:36 Surviving Four Market Cycles
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Connect with Siddhartha on: LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/ Twitter: https://x.com/siddharthaa7 ------------- This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.
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