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.
I allowed myself to include all of my “ridiculous” wants and aspirations on my list of 2023 goals, one of which was “finding a coach and co-collaborator who would agree to hold meetings from the chairlift.” Believe it or not, I was actually able to manifest that.
Read more ➞It is amazing what you can achieve if you get out of your own way.
Read more ➞I have learned the important lesson that being mediocre at anything is not a “safe” path to success. I now realize that the “safe” path for others may not be the best route for me.
Read more ➞In investing, and in life in general, an ability to foresee potential pitfalls has served me well. However, being able to see what can go wrong can prevent me from seizing an opportunity. I sometimes forget that most of my successes have been the result of seemingly impossible feats.
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