20VC: What LP's Want In VCs with Beezer Clarkson, Managing Director @ Sapphire Ventures

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

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Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 13 June 2016

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Beezer Clarkson is Managing Director @ Sapphire Ventures where she leads Sapphire’s investments in venture funds domestically and internationally. Prior to joining Sapphire, Beezer managed day-to-day operations @ DFJ’s Global Network, which had $7 billion under management across 16 venture funds worldwide. She has also spent time at Omidyar Network created by Ebay founder, Pierre Omdiyar, Hewlett Packard and Morgan Stanley. Beezer also runs the incredible openlp.com which is really opening up the world of LPs and if you have not checked that out, it really is a must!

In Today’s Episode You Will Learn:

1.) How did Beezer make her way into the world of limited partners?

2.) How do LP's find a new and talented fund manager? Is it a similar referral process as in startups with? How does the sourcing element of the LP world work?

3.) How do GPs raising a fund differ from startups raised their round? What are the similarities and differences in the processes?

4.) What does the investment decision making process look like for Beezer? Are their commonalities in the process of great LP’s processes? What do you at Sapphire focus on when investing??

5.) At Sapphire you have extensively researched the formulas of what makes a great VC, what have been your findings? What are the commonalities amongst the great VCs?

Items Mentioned In Today’s Episode:

Beezer's Fave Blog: Term Sheet, Strictly VC, The Information

Beezer's Fave Book: The Tale of the One Way Street

As always you can follow The Twenty Minute VC, Harry and Beezer on Twitter here!

If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!

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Transcript

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0:00.0	This is the 20 minute VC with your host, Terry Stebbings, who you can find on Snapchat at H.
0:05.2	Stubbings. Now this week is a very special week on the 20 minute VC, as we always focus on the VCs
0:10.8	themselves, but we often forget that VCs themselves have to fundraise. So where do they get their
0:16.6	money from? And that's where the mysterious world of LPs come into it. So this week will be featuring
0:21.8	two of the most prominent limited partners in the business, the money behind the money, so to speak.
0:27.0	So joining me today, I'm delighted to welcome a good friend of mine in Beza Clarkson. Now, Beza leads
0:32.0	Sapphire Ventures' investments in venture funds domestically and internationally. And prior to
0:37.2	joining Sapphire, Beezer managed
0:39.1	day-to-day operations at DFJ's Global Network, which had 7 billion under management across 16
0:44.8	venture funds worldwide. She's also spent time at Omidyar Network, created by eBay founder Pierre
0:50.9	Omidy, Hewlett Packard and Morgan Stanley. And Beezer also runs the most incredible
0:56.3	LP blog OpenLP, which is really opening up the world of LPs. And if you haven't checked that out,
1:01.9	it really is a must. Again, that's openlp.com. But before we jump into the show with Beezer today,
1:07.5	did you know if your partner snores, scientists have estimated that you'll
1:11.7	lose an average of 83 minutes sleep per night? In which case, there are either two options. Demote your
1:17.6	partner to the sofa bed or ensure the remaining sleep is as high quality as possible, in which
1:22.5	case you'll need a Lisa mattress, with their mattresses engineered to perfection, with three unique layers of foam,
1:28.9	one of memory foam and one of latex-like foam, both of which will allow your partner to snore in
1:34.0	perfect comfort. Even better, though, you don't even have to leave your house to order your mattress,
1:38.9	as they have a fully online experience, meaning no showrooms, purchasing when convenient for you, and cheaper and more
1:45.6	transparent pricing. So check them out on Lisa.com forward slash VC and enter the promo code VC-75 for an
1:52.8	incredible $75 off. Also, if you haven't signed up for the Matamark Daily newsletter, then that's an
	...

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