Venture capital funds are typically structured to have a 10-year lifespan, but venture-backed companies often take more than 10 years to achieve an exit and return capital to their investors. So what happens when a portfolio company needs more than 10 years to achieve an exit? In Episode #7 of the Fund81 podcast, Industry Ventures Managing Partner Roland Reynolds helps us answer this question and more.
Roland Reynolds is the managing partner at Industry Ventures - the leading liquidity provider for the venture ecosystem. Roland focuses on secondary, primary and direct co-investments for the Industry Ventures team, and has spent nearly two decades in venture capital. In addition to being an expert on venture capital liquidity, Roland was one of the first institutional investors to invest in smaller venture capital funds. He founded Little Hawk Capital Management, a fund of funds for micro-VCs, which was later acquired by Industry Ventures.
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