Franchise Funds: Becoming (and Remaining) One with Stephen Bluestein
Podcast: Origins - Inside Venture Capital, Hosted by a GP and an LPPublished On: Tue Dec 10 2024
Description: Stephen Bluestein has had an impressive career in Venture, beginning at Bessemer Venture Partners before moving to TCV, Light Street Capital, and the David and Lucille Packard Foundation, before landing in his current role as a partner in the primary investment team at Adams Street Partners. He sits down with Beezer Clarkson, LP at Sapphire Partners, to discuss what makes a fund a franchise. They discuss the importance of building and maintaining a brand that stands for something in the market, making investments that are consistent with your philosophy, and together, they zero in on the tipping point of when a fund can be officially considered a franchise.Learn more about Sapphire Partners: https://sapphireventures.com/sapphire-partnersLearn more about OpenLP: https://openlp.vcLearn more about Asylum Ventures: https://asylum.vcLearn more about Adams Street Partners: https://adamsstreetpartners.comSubscribe to the OpenLP newsletter for a monthly roundup of the latest venture insights, including the newest Origins episodes, delivered straight to your inbox.CHAPTERS:0:00-Welcome to Origins2:15-Digging into Franchise Funds: Stephen’s Background6:48-What Defines a Franchise?15:30-How Long Does it Take to Become a Franchise?21:06-The Minimum Viable Performance Metric to be Considered a Franchise27:13-Pivoting From One Exceptional Fund into a Franchise33:21-How to Inculcate Exceptionality39:55-Diligencing Franchise Funds45:28-“Know Thyself”: A Message for Aspiring Franchise Funds
The note was deleted
The note was saved
Your message was sent