samir kaji
@Samirkaji
CEO of Allocate (http://Allocate.co) Host of the Venture Unlocked podcast, http://ventureunlocked.substack.com. My opinions are mine, and not related to Allocate.
This is certifiably insane…. Thx @loganbartlett for sharing this
This is so bad ass. I don’t even know what else to say.
Competing as an emerging VC is tough. Competition comes from peers and deeper-pocketed funds, and performance dispersion is nearly two times higher than that of larger funds. Consistency requires a clear plan around sourcing, picking, and winning. Each one requires a unique…
Really enjoyed this conversation with my friend @Samirkaji on how we’re building @AudaciousHQ at a time when the VC market has gone from a niche, boutique industry to a mainstream one with hundreds of competitors + capital having become an easily available commodity for the best…
Really enjoyed this conversation with my friend @Samirkaji on how we’re building @AudaciousHQ at a time when the VC market has gone from a niche, boutique industry to a mainstream one with hundreds of competitors + capital having become an easily available commodity for the best…
Haven't seen too much buzz around this podcast episode but I thought it was one of the best episodes in recent times, for those of us obsessed with the craft of venture, to learn how a GP @nakul thought through design / strategic choices to position @AudaciousHQ in the venture…
Really enjoyed this conversation with my friend @Samirkaji on how we’re building @AudaciousHQ at a time when the VC market has gone from a niche, boutique industry to a mainstream one with hundreds of competitors + capital having become an easily available commodity for the best…
🎙️Big news for @joinallocate! We are thrilled to officially announce the acquisition of The Coterie's platform and assets. United by a shared mission to modernize financial tools for the next generation of investors, we are thrilled to build on the foundation paved by Ethan…
As a founder most advice you get will suck. The key is to be great at separating the signal from noise No one is spending enough time thinking about your biz or has the same stakes. You need to listen but learn to regard and disregard advice ruthlessly
Classic clickbait on X these days. OpenAI is not "f'd". 800MM weekly active users; I think they will be ok.
OpenAI @sama is pretty fucked right about now > lost half of their top talent over the past two weeks > basically all of their leadership over the past two years > sama told microsoft can’t get access to windsurf’s IP > microsoft paused negotiations with @sama > openai…
Most investors fail in private markets because they overindex on past performance— "headline investing." This approach misses the core of succeeding. Investing in funds requires a forward-looking view of tailwinds and headwinds, many of which didn’t exist when those returns…
Raising a seed fund is hard, but the changes in QSBS are a nice tailwind for those investing. Most companies at seed (and A/B for that matter, as unlikely to have $50MM in assets) are QSBS eligible, and reducing the clock for getting at least partial QSBS treatment to 3 years is…
We @joinallocate turned 4 this week and we have new digs! Happy 4th!
There is NO one way to generate returns. It depends on the manager. If a manager has an excellent network/sourcing and the ability to access small non-lead checks, model is small funds, more positions. If someone has shown picking ability in a domain, fewer companies, higher…
A VC firm with one $30MM fund (AUM) with two partners and two associates is the vast majority? Um no. Much more likely to see this type of fund be a solo/single GP, or a single GP + 1 employee. Maybe two GPs. But two GPs and two associates for one $30MM fund. Not standard.…
"Two partners and two associates for a 30mm fund is not common and not sure why it would be even remotely necessary." You're just plain wrong here. 1. Of course it's not just common, it's vast majority. 2. Of course it's necessary. Yeah, you can also do 1 partner and 2-3…
VC compensation for Emerging GPs is interesting to look at. A $30MM Fund I might charge a 2.5% Management fee in the early years ($750K). Let's say GP + One Associate. Taking out management company expenses (rent, tools and services, employees, mgmt co account, misc), probably…
would be interesting to know what is common on smaller micro funds (ie $25-50M) since obviously the management fees are less but number of people and partners are also less. cc @MKRocks @Samirkaji
New @ThePeelPod with @SamirKaji Triple-layered SPVs, why 90% of VCs can’t raise right now, the rise of secondaries in driving returns, and analyzing VC funds with AI
Episode #97: @Samirkaji @ Allocate This conversation is a deep dive into the private markets, the evolution of venture capital as an asset class, and how there are now 10x more private investment firms than public companies. We also unpack why 90% of venture funds simply can’t…
Some GPs are pouring $$$ into AI deals w/o valuation discipline—not always because of conviction, but also due to the likelihood of getting markups come quicker and higher than in non-AI companies. There are great AI companies, but I expect it to be really clear soon which ones…
This is so bad ass. I don’t even know what else to say.
Contrary to what I see on X, AI is not replacing VCs. It's a hot take that is not grounded in practicality.