Remove 2010 Remove consulting Remove disruption Remove peer-to-peer
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Asset Management Is a Peculiar Industry Ripe for Disruption

David Teten VC

“ One summer day, probably in the 1870s, friends of a major short-seller got together on the shores of Newport, Rhode Island, where they admired the enormous yachts of New York’s richest brokers. After gazing long and thoughtfully at the beautiful boats, the short seller asked wryly, ‘Where are the customers’ yachts?’ ”.

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Why So Many Small Emerging Managers Don’t Use Placement Agents

David Teten VC

Greycroft in 2010 also had an experienced team, but didn’t either. And even the firms that hire a placement agent almost always still have to run their own internal process. . Homebrew doesn’t report hiring a placement agent for their Fund I, despite (or because of) a well-pedigreed team. In the the end, they reached their hard stop of $130m.

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Should Small Emerging Managers Use Placement Agents?

David Teten VC

Greycroft in 2010 also had an experienced team, but didn’t either. And even the firms that hire a placement agent almost always still have to run their own internal process. . Homebrew doesn’t report hiring a placement agent for their Fund I, despite (or because of) a well-pedigreed team. In the the end, they reached their hard stop of $130m.