The Importance of Sophistication

Joshua and David discuss the misconception that successful founders automatically make great general partners (GPs) and the need for sophistication in the LP role. They emphasize the importance of evaluating co-investments as one's own fund and scrutinizing track records to make informed decisions.

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The Limited Partner
Joshua Berkowitz of Berkocorp on Why LP’s Should Care about IRR% not TVPI | E24
Related Questions
- How important are founder relationships in building and running a successful startup, as discussed in the episode 20VC: Raising $150m, Meeting Yuri Milner & Revolutionising Mobile Finance with Sasha Orloff @ LendUp, the clip Execution Matters, the episode 20VC: Alexa Von Tobel on Raising NYC's Largest Ever Female Led Fund, Portfolio Construction, Compression of Fundraising Timelines, Reserves Management & Personal Branding in Venture, and the episode Boldstart Ventures Ed Sim on starting his career during the dot-com bubble, the opportunity as being a true day one investor, and views on today's VC market compared to past eras?
- What makes a venture fund great according to the episode Benchmark Part I and the clip Unique VC Relationships?