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Franchise Funds: Is Being a VC Franchise the Ultimate Goal with Thomas Kristensen

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Content provided by OpenLP from Sapphire Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by OpenLP from Sapphire Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Thomas Kristensen, Partner at LGT Capital Partners, has decades of experience backing the top players in venture, but as an LP, doesn’t love the term "franchise fund.” He sits down with Bezer Clarkson, Partner at Sapphire Partners, to discuss why GPs can’t rest on their laurels, that being a franchise shouldn’t be every VC’s ultimate goal, and how LPs can dig deep to find firms with a great founder product– and avoid ones that may look like franchises but could have already peaked. The two also share their predictions for 2025 exits and why they think a lot of founders don’t want to be public company CEOs.

Learn more about Sapphire Partners: sapphireventures.com/sapphire-partners

Learn more about OpenLP: openlp.vc

Learn more about Asylum Ventures: asylum.vc

Learn more about LGT Capital Partners: lgtcp.com

For a monthly roundup of the latest venture insights, including the newest Origins episodes, subscribe to the OpenLP newsletter – delivered straight to your inbox: subscribe.openlp.vc

CHAPTERS:

(0:00) Welcome to Origins

(2:00) Are Franchise Funds Really Franchises?

(7:49) What Counts As Performance?

(12:03) How GPs Create (And Spend) Goodwill

(15:45) A Consistent Founder Product

(19:35) “There’s Plenty of Good Firms Out There That I Wouldn’t Necessarily Call Franchise Firms.”

(27:08) Franchise Funds and Succession

(35:43) Resting On Your Laurels

(39:17) “A More Critical Year In Venture Than We Want It to Be.”

  continue reading

102 episodes

Artwork
iconShare
 
Manage episode 470763079 series 1401828
Content provided by OpenLP from Sapphire Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by OpenLP from Sapphire Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Thomas Kristensen, Partner at LGT Capital Partners, has decades of experience backing the top players in venture, but as an LP, doesn’t love the term "franchise fund.” He sits down with Bezer Clarkson, Partner at Sapphire Partners, to discuss why GPs can’t rest on their laurels, that being a franchise shouldn’t be every VC’s ultimate goal, and how LPs can dig deep to find firms with a great founder product– and avoid ones that may look like franchises but could have already peaked. The two also share their predictions for 2025 exits and why they think a lot of founders don’t want to be public company CEOs.

Learn more about Sapphire Partners: sapphireventures.com/sapphire-partners

Learn more about OpenLP: openlp.vc

Learn more about Asylum Ventures: asylum.vc

Learn more about LGT Capital Partners: lgtcp.com

For a monthly roundup of the latest venture insights, including the newest Origins episodes, subscribe to the OpenLP newsletter – delivered straight to your inbox: subscribe.openlp.vc

CHAPTERS:

(0:00) Welcome to Origins

(2:00) Are Franchise Funds Really Franchises?

(7:49) What Counts As Performance?

(12:03) How GPs Create (And Spend) Goodwill

(15:45) A Consistent Founder Product

(19:35) “There’s Plenty of Good Firms Out There That I Wouldn’t Necessarily Call Franchise Firms.”

(27:08) Franchise Funds and Succession

(35:43) Resting On Your Laurels

(39:17) “A More Critical Year In Venture Than We Want It to Be.”

  continue reading

102 episodes

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