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Samir Kaji에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Samir Kaji 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Brian Garrett of Crosscut Ventures on building a regionally based seed firm outside of SV, the rise of LA, raising during a recession, and how Crosscut has evolved over the last 13 years.

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Manage episode 288117937 series 2864121
Samir Kaji에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Samir Kaji 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

Today, we’re seeing major startup hubs emerge across the US (and globally). Up until fairly recently, LA was not considered a major US technology and venture hub. My guest on this week’s episode, Brian Garrett, has been in the LA venture ecosystem for two decades now. He also co-founded Crosscut Ventures, one of the very first seed funds in LA (if not the first). Today LA has claims companies such as Snap, TrueCar, Maker, Honey, Dollar Shave Club, Honest Company as examples of companies that reached scale in the now rapidly growing ecosystem.

Crosscut began as a very small vehicle of $6MM, but now has over 120 investments and is one of the largest seed fund platforms in LA with $300MM+ AUM. In our episode we discussed everything from the rise of LA and non SV tech hubs to fundraising during a recession to the importance of self-discovery and mental wellness.

Today's Venture Unlocked is brought to you by Aduro Advisors.

Aduro Advisors is the premier fund administrator for venture capital and private equity firms. Led by a team of industry veterans and powered by proprietary software, FundPanel.io, Aduro pairs best-in-class service with the robust and flexible technology that the industry demands.

From emerging managers just starting out to seasoned firms looking to supplement an internal team, Aduro’s back-office solution rises to the challenge of supporting your firm’s specific needs.

Listeners of Venture Unlocked receive the first quarter of management company services free with promo code UNLOCKED.

To redeem, email dev@aduroadvisors.com.

In this episode we discuss the following topics:

01:54 Brian’s journey into venture

03:48 Why they started Crosscut in 2008, initially as a part time project

06:31 Crosscut’s conviction on why LA would become a strong startup ecosystem

08:28 The strategy for Crosscut’s early funds

11:55 How they scaled to a true institutional sized fund in Fund III; did anything change?

14:30 Mental model for investing based around ownership

15:13 Why Fund IV is the best indication of Crosscut and what is happening in LA

17:22 Why big companies can be built outside SV

20:00 Thoughts on sector focused funds

22:36 Being local as an advantage

29:22 Brian’s journey into wellness

32:02 How being centered has made him a better VC, and how it’s shaped Crosscut’s culture

34:02 The best piece of career advice he’s received

35:53 His anti-portfolio

37:50 The investor he admires the most

Mentioned In This Episode:

* Crosscut

I’d love to know what you took away from this conversation with Brian. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you’d like to be considered as a guest or have someone you’d like to hear from (GP or LP), drop me a direct message on Twitter.

Podcast Production support provided by Agent Bee Agency


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com
  continue reading

131 에피소드

Artwork
icon공유
 
Manage episode 288117937 series 2864121
Samir Kaji에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Samir Kaji 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

Today, we’re seeing major startup hubs emerge across the US (and globally). Up until fairly recently, LA was not considered a major US technology and venture hub. My guest on this week’s episode, Brian Garrett, has been in the LA venture ecosystem for two decades now. He also co-founded Crosscut Ventures, one of the very first seed funds in LA (if not the first). Today LA has claims companies such as Snap, TrueCar, Maker, Honey, Dollar Shave Club, Honest Company as examples of companies that reached scale in the now rapidly growing ecosystem.

Crosscut began as a very small vehicle of $6MM, but now has over 120 investments and is one of the largest seed fund platforms in LA with $300MM+ AUM. In our episode we discussed everything from the rise of LA and non SV tech hubs to fundraising during a recession to the importance of self-discovery and mental wellness.

Today's Venture Unlocked is brought to you by Aduro Advisors.

Aduro Advisors is the premier fund administrator for venture capital and private equity firms. Led by a team of industry veterans and powered by proprietary software, FundPanel.io, Aduro pairs best-in-class service with the robust and flexible technology that the industry demands.

From emerging managers just starting out to seasoned firms looking to supplement an internal team, Aduro’s back-office solution rises to the challenge of supporting your firm’s specific needs.

Listeners of Venture Unlocked receive the first quarter of management company services free with promo code UNLOCKED.

To redeem, email dev@aduroadvisors.com.

In this episode we discuss the following topics:

01:54 Brian’s journey into venture

03:48 Why they started Crosscut in 2008, initially as a part time project

06:31 Crosscut’s conviction on why LA would become a strong startup ecosystem

08:28 The strategy for Crosscut’s early funds

11:55 How they scaled to a true institutional sized fund in Fund III; did anything change?

14:30 Mental model for investing based around ownership

15:13 Why Fund IV is the best indication of Crosscut and what is happening in LA

17:22 Why big companies can be built outside SV

20:00 Thoughts on sector focused funds

22:36 Being local as an advantage

29:22 Brian’s journey into wellness

32:02 How being centered has made him a better VC, and how it’s shaped Crosscut’s culture

34:02 The best piece of career advice he’s received

35:53 His anti-portfolio

37:50 The investor he admires the most

Mentioned In This Episode:

* Crosscut

I’d love to know what you took away from this conversation with Brian. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you’d like to be considered as a guest or have someone you’d like to hear from (GP or LP), drop me a direct message on Twitter.

Podcast Production support provided by Agent Bee Agency


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com
  continue reading

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