Paige Finn DohertyFounding Partner, Behind Genius · Founding Partner at Behind Genius Ventures

framing investment decisions

21 Oct 2023 · 1 min

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In this segment, Speaker A reflects on two pivotal realizations that shaped their early venture fund investing approach. First, they recognized that the "product" they marketed to limited partners (LPs) differed fundamentally from the "product" offered to startup founders, prompting a strategic effort to align these offerings. Second, they discuss practical operational considerations at their Laguna Beach meetings, such as compensation structures and the division of labor between part‑time and full‑time roles—initially planning a part‑time commitment while working at WorkOS and a full‑time focus on the fund, a plan that later reversed. These insights illustrate how framing investment decisions involves both high‑level value alignment and granular team logistics.

Chapters

Well, just to add on one point to that, I think we also like realized other than managing other people's money and how that frames our investment decisions, for us, we realized the product we were selling to LPs was very different from the product we were selling to founders. Yeah. And we were like, let's like align the two. So that was an interesting discovery at the very beginning of our investing journeys together. Yeah. In terms of other things at Laguna Beach that we talked about, it was little things, little things that were big, like such as like who gets paid what. At the time, you were gonna be part-time while working at WorkOS, and I was gonna be full-time working on the fund, which ended up flip-flopping, which I'm sure we'll get into and why that happened.