Show notes
On today’s Tank Talks we have Eric Woo, founder and CEO of Revere VC. With so much funding and new ways for founders and VCs to raise capital, what will be the new normal for fundraising and VC in general.Eric’s Background:Eric is an experienced investor and thought leader in the emerging manager and micro VC ecosystem. Eric has deployed over $150M across funds and direct investments throughout his career. He started his career in Venture as Principal at Northgate Capital and then moved over Top Tier Capital. Most recently, Eric was Head of Institutional Capital at Angelist before launching Revere VC last year to build a new model described as the “Vanguard for Venture Capital.”In this episode we discuss:01:25 Why Wric is so passionate about the emerging VC space02:52 History of emerging managers05:20 Limits of specialization of funds08:03 How LPs can force emerging managers to grow away from specialization11:20 Power law and portfolio construction13:48 SPVs for follow-on vs. reserves15:51 Creating access through community and how LPs view side hustles18:19 How LPs use references to vet investments20:36 Rolling funds and how institutional investors view them24:12 What is edge in VC in 202127:57 Investing in information32:10 It’s not how you invest, it’s what you invest in34:11 About Revere VC35:55 How Eric is working to change the mindset around investing38:05 Venture philanthropyFollow Matt Cohen and Tank Talks here!Podcast production support provided by Agentbee.Agency This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com
