Introduction It has been incredible to see the growing discussion and engagement around the attractiveness of small funds in venture capital recently. Small funds play a critically important role across the venture ecosystem and we firmly believe that they represent the most attractive segment of the market to support and invest behind. That is why we built Pattern - a fund of funds focusing exclusively on identifying, accessing and empowering exceptional small funds, $5-50M in size.
Nice work, Kyle. Having worked with emerging managers in an outsourced CFO capacity (and now being part of a $5-50m fund), I whole heartedly agree. Incentives between founders and investors is also more aligned -- managers only win if their companies win!
Great analysis; I appreciated how you explained win-rate and bubble chart was very helpful. Would it also help to strip the Top 5% of the 0-50mm size because of the high likelihood of not finding them as well?
Thanks for the article and the data.
Just simple question - when you write "our data" is this some kind of "generalistic LP database" or performance of funds you supported?
Nice work, Kyle. Having worked with emerging managers in an outsourced CFO capacity (and now being part of a $5-50m fund), I whole heartedly agree. Incentives between founders and investors is also more aligned -- managers only win if their companies win!
Great analysis; I appreciated how you explained win-rate and bubble chart was very helpful. Would it also help to strip the Top 5% of the 0-50mm size because of the high likelihood of not finding them as well?