The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: How To Think Through Portfolio Construction and The Business Model of VC, Why You Cannot Grow Ownership In Your Best Companies Over Time & How To Make The Space for Serendipity To Strike in VC with Adam D'Augelli, Partner @ True Ventures
Dec 16, 2019
Adam D'Augelli, Partner at True Ventures, brings nearly a decade of venture capital insights to the table. He discusses his unconventional path from a finance instructor to a VC partner and emphasizes the importance of aligning values in investments. The conversation delves into the complexities of portfolio construction, the challenge of maintaining ownership stakes, and the dynamics of reconciling initial and follow-up investments. Adam also highlights the serendipitous nature of venture capital, where relationships and unexpected opportunities play crucial roles.
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Learning in Early-Stage VC
- Early-stage VC firms offer valuable learning opportunities by handling diverse tasks.
- This broad exposure provides context for all aspects of venture capital, beyond investment picking.
Transparency with Founders
- Be transparent with founders about your firm's investment strategy and target ownership.
- This allows for self-selection and attracts founders aligned with your approach.
Alignment and Risk
- True Ventures aligns with founders by emphasizing high ownership and risk maximization.
- This approach encourages ambitious projects and allows for iterative experimentation.
