Jason M. LemkinCEO, SaaStr · Co-Founder of SaaStr AI, SaaStr Fund, Adobe Sign

Unleashing the Power of Up and Coming VC Talent in a Competitive Market

13 Apr 2024 · 1 min

Watch on YouTube

0:49

Short excerpt from a YouTube conversation (Jason M. Lemkin and another speaker) about early-career venture capitalists: many juniors historically receive little to no carry and often fail to profit from their investments. Strong up-and-coming VCs who source and close good deals continue to find great startups even in tough vintages, and are likely to be promoted. Market contractions manifest as smaller fund sizes or longer fundraising cycles, but the speakers argue there remain substantial job opportunities in venture.

I don't think so.
I think I've been investing long enough that most junior folks have gotten little to no carry.
The carry they've.
Got invests so long that they never make any money from it. I think a lot of the best up and coming investors that are, that have something special, that are differentiated, they.
Can do a deal, they got good deals done the last 18 months.
People think that like there's bad vintages.
There'S only bad vintages because you overpaid.
But every month there's a great startup born of every year of my life there's a great startup born and the best up and coming VCs found them.
And the mediocre ones complained about the.
Markets or this or that and the.
Best ones just were.
Heat seeking missiles and found them. And they're going to get promoted and.
They'Re not going to lose their jobs and the other folks may lose their.
Jobs when funds.
Either literally contract in.
Size or in essence contract by having longer fundraising cycles. That's still a contraction, isn't it?
Yeah.
And it's okay. I think there's more jobs in venture.
Than there ever would be.