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

the proprietary deal flow that nobody else has

29 Feb 2024 · 1 min

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0:46

In this brief dialogue, two speakers discuss the current state of venture capital deal sourcing. Speaker A notes that despite a down market, competition for top-tier deals remains intense, and suggests that the era of truly proprietary deal flow—unique, exclusive investment opportunities—has largely faded in recent years. Speaker B agrees, observing that great deals have become increasingly contested. Both acknowledge that the democratization and widespread participation in venture investing, while positive, has heightened competition and made exclusive deal access rarer.

I know we're in a bit of a down market now, not excluding that, but there's still competition for great deals. 100%.
I think it's like almost more competitive now because it's like the great deals are just getting continuously more and more competitive, probably.
Well, I don't, maybe we'll see a resurface of this, but the proprietary deal flow that nobody else has, I just think at some point in the last few years in venture, we just eclipsed it. There's, there's reasons why people pick who they pick. Yeah. And that's, I guess, the definition of proprietary. But yes, there is, investing has become very widespread, which is interesting and amazing and excellent, but it does increase competition.
I feel like it also leads to like a lot of different granularities with when it comes to like fund composition or structure. You were talking about before