20VC: Why The Whole Industry Is Backward Looking, The Best Funds Are Entrepreneur Led and Venture Is All About Access with Alex Bangash, Founder @ Trusted Insight

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

The Twenty Minute VC

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

4.4 • 637 Ratings

🗓️ 20 July 2016

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Alex Bangash is a Managing Director @ Rumson Group where he helps his clients invest in some of the best performing funds around the world. Alex has done just that having made over 50 investments into funds across the globe. If that was not enough he is also the founder of Trusted Insight, the worlds largest platform for institutional investors and backing from the first investors or founder @ Facebook, LinkedIn, Mint and Match.com.

In Today’s Episode You Will Learn:

1.) How Alex made his way into the world of investing in VC funds?

2.) Why does Alex believe the whole finance industry is backward looking? Is this why he thinks there is so much VC churn?

3.) Why does Alex believe VC is always about access? Is this why Alex has such a strong preference for funds that are also platforms?

4.) Why does Alex believe true early stage is getting smaller and smaller? How does his return expectations differ according to the size of the fund?

5.) What happens when funds do not go to plan or do not have notable exits to raise fund II? What happens then?

Items Mentioned In Today’s Show:

Alex’s Fave Book: Ben Horowitz: Hard Thing About Hard Things, Peter Thiel: Zero To One

Alex’s Fave Blog or Newsletter: Paul Graham

As always you can follow The Twenty Minute VC, Harry and Alex 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 Snapchat here!

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Transcript

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0:00.0	You are listening to the 20-minute VC with your host, Harry Stebbings, and you can find me on Snapchat
0:04.5	at H. Stebbings. Now, on Monday's show, we discussed what are venture returns and how to measure
0:09.9	them, from the VC's perspective, with Jeff Busgang at Flybridge. So stay, I thought we'd switch
0:15.1	sides of the table and speak to a leading LP, that's a limited partner, people who invest in VC funds, to discuss what
0:22.4	he thinks. Therefore, I'm delighted to welcome Alex Bangash, managing director at the Ronsam Group,
0:28.1	where he helps his clients invest in some of the best performing funds. And Alex has done just
0:33.2	that, having made over 50 investments into funds across the globe. And if that wasn't enough,
0:38.5	he's also the founder of Trusted Insight, the world's largest platform for institutional investors.
0:44.2	And they have backing from the first investors, all founders of Facebook, LinkedIn, mint.com,
0:50.5	and match.com. I also want to say a special thank you to my good friend Jason Lemkin at Saster
0:55.4	for making the intro to Alex today. Very grateful for that and without which the interview could not
1:00.1	have happened. But before we dive into the world of investing in VC funds with Alex, you must
1:05.0	check out design crowd, the online marketplace for all things design, from custom graphics to logos to web design. Hey,
1:12.6	they even do big brands like HTC and Virgin Active, who've used them for t-shirts to
1:17.7	billboard design. So how does it work? Well, you launch a project. Designers begin submitting
1:23.5	quality designs for future of you. You then quickly generate a large gallery of designs that
1:28.3	fit your needs. Once you select your favourite design, they'll be sent to you, and all of this
1:32.7	can happen in just three days, much better and more reasonable than an agency. Hey, and perfect
1:37.8	for small businesses and entrepreneurs looking for fast response times and reasonable pricing.
1:42.8	So head over to designcrowd.com forward slash VC
1:45.6	and enter the promo code VC100 for an incredible $100 off.
1:50.7	But enough from me, so it's now time to welcome Alex Bangash, co-founder at Trusted Insight.
	...

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