Episode #68, Steve Brotman, Managing Partner, Alpha Partners & Advisor to the Pritzker Family Office

Fireside with a VC

Episode #68, Steve Brotman, Managing Partner, Alpha Partners & Advisor to the Pritzker Family Office discussing:

· The Alpha model to partner with Seed to Series A VC funds to invest in their pro-rata growth rounds of top winners and share carry with the Seed to Series A VC funds.

· Dynamics of early-stage VC funds deciding to double down or create an SPV to put more capital into winners versus partnering with growth specialists like Alpha Partners.

· Is it bad to let your fund LPs get overexposed to single deals via SPVs.

· The trend of LPs trying to do more directs coinvesting with their GPs and now LPs pulling back from making direct investments and “coinvestments” becoming a bad word.

· Investing in growth rounds in this new 2023 macro-economic environment.

· Expectation of multiples and holding times for growth stage investing.

· What are sensible multiples of ARR to pre-money valuations?

· What revenue year-on-year growth rates are expected for growth stage venture backed startups?

· How growth companies can get to profitable unit economics for growth companies and restructure businesses that were selling $100 to customers for $50.

· Are we heading into a worse economy or is the economy improving over the next 6, 12, 18 months?

YouTube: https://youtu.be/3EXtUiunpcQ

All podcast platforms: https://anchor.fm/FiresideVC

https://alphapartners.com/

Registration is open for 7BC’s in-person VC insight panels, startup presentations & networking receptions

New York City, March 7, 2023 – https://7BC-neonVest-NYC.eventbrite.com. Steve Brotman will be one of the panelists on the VC panel in NYC and will be joined by over 37 VCs, family offices and angel investors already registered for the event as of Jan 31, 20223. Waiting list starts at 100 delegates.

Seattle, April 4, 2023 – https://7BC-neonVest-Seattle.eventbrite.com.

Planning events in cities in key tech corridors across the U.S. Get in touch if you want to host or sponsor any of our events.

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