This is a shame, we had the opportunity to meet with Bryce. He comes across as someone who has thought deeply about the space and was in it for the right reasons.
I’m struggling to imagine why LPs wouldn’t want Indie.VC investing in profitable companies. I had thought LPs had different buckets they try to invest their portfolio in. It makes sense that Indie.VC wouldn’t fit the mold of the “1% chance at 100x” but you would think they’d be a great fit for the “50% chance for 5x” bucket.
There probably isn’t a single reason, but I’d be interested in learning more about the LP <> VC dynamic in general if anyone has any insights.
I’m struggling to imagine why LPs wouldn’t want Indie.VC investing in profitable companies. I had thought LPs had different buckets they try to invest their portfolio in. It makes sense that Indie.VC wouldn’t fit the mold of the “1% chance at 100x” but you would think they’d be a great fit for the “50% chance for 5x” bucket.
There probably isn’t a single reason, but I’d be interested in learning more about the LP <> VC dynamic in general if anyone has any insights.