samir kaji

@Samirkaji

CEO of Allocate (Allocate.co) Host of the Venture Unlocked podcast, ventureunlocked.substack.com. My opinions are mine, not Allocate’s.

Menlo Park, CA

ventureunlocked.substack.com

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samir kaji
@Samirkaji
Mar 21
I talk to thousands of LPs every year. Here's what I'm seeing right now when it comes to how they're approaching VC. 1) Late-stage co-investments have never been hotter. The top 5-7 names have effectively *unlimited* demand. And that supply/demand imbalance has created three
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samir kaji
@Samirkaji
Sep 3
Well, better than the multi layer spvs that combine for that or higher. But anything about 1-2pct upfront and 10-15pct carry (or 0/20) is rarely a good path. The 10/1/15 structures ive seen are ridic (10pct upfront) But, times like this, grifters grift, and sometimes make
Ankur Nagpal
@ankurnagpal
Sep 2
Just heard of someone charging 2 and 20 on an SPV And yes, the 2% management fee was for 10 years so more like 20 and 20 Have to be close to a market top
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samir kaji
@Samirkaji
Sep 3
While we are in consensus driven world today across all stages, I expect to see some of the best outcomes in 2028+being non-consensus. Non consensus founding team Non consensus thesis Non consensus market Finding hidden gems is getting lost today; but think it's largely
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samir kaji
@Samirkaji
Aug 28
2021: LPs flock to growth 2022-2024: LP flock to Seed 2025-2026: LPs flock to growth 2027-2028: ?
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samir kaji
@Samirkaji
Aug 27
AI M&A is in full effect, and don't think we are close to be done. Cursor: $60B OpenRouter: ~$8B Hugging Face - $12.9B Decart: $6B-$7B Along with Spx, Anduril, Anthro, Ramp, OAI, Databricks, and others on the IPO path, and the next few years will bring historic amounts of
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