🕰️ Timestamps:
[00:00:00] Introduction
[00:05:15] Building an Enduring Firm
[00:08:00] Challenges of Partnership Culture
[00:10:43] Personal Brand vs Firm Brand
[00:13:00] Succession Planning
[00:17:00] Long-Term Commitment
[00:19:00] LP Relationships
[00:20:55] Advantages of a Partnership
[00:21:37] Benefits of Scale
[00:21:52] Building a Great Firm and Naming
[00:23:00] Soft Aspects of Building a Firm
[00:24:59] Unifying Themes in Firms
[00:27:00] Progression in Venture Capital
[00:29:40] Motivation and Managing a Firm
[00:31:20] Understanding Carry
[00:35:00] Managing Long-Term Careers
[00:39:07] Carry Allocation
[00:42:45] Team Dynamics and Carry Distribution
[00:43:50] Inclusion of Back-Office in Incentives
[00:44:40] Building a Successful VC Firm
[00:45:56] Firm Evolution
[00:47:32] Transition to a Bigger Institution
[00:49:25] Challenges in Talent Retention
[00:53:00] Philosophical Differences and Firm Evolution
[00:57:00] Risks in VC Industry
[01:02:00] Solo GPs vs. Venture Firms
[01:04:38] Building a Healthy VC Firm
💡 Summary :
In the latest episode of Understanding VC, Hussein Kanji, Partner at Hoxton Ventures, shares invaluable insights on building an enduring VC firm. From navigating the challenges of transitioning from a boutique to an enduring institution to the nuances of partnership culture, Hussein delves into critical aspects of firm evolution. The discussion covers the delicate balance between personal and firm brand, the importance of succession planning, and the commitment to long-term success.
Hussein also explores the benefits of maintaining positive relationships with Limited Partners (LPs) and the advantages of being in a partnership. The conversation concludes by highlighting the significance of transitioning from a boutique to an institution, emphasizing the benefits of scale in capital and human resources.
Throughout the episode, Hussein provides practical advice on building a successful VC firm, focusing on identifying talent, fostering belief in the firm's vision, and gaining trust from LPs.
🔗 Connect with Hussein:
🏠Website: https://www.hoxtonventures.com/
🤝🏻LinkedIn: https://www.linkedin.com/in/hkanji/
🐣 Twitter : https://twitter.com/hkanji
🔗 Follow us:
🏠Website: https://www.understandingvc.com/
🤝🏻LinkedIn: https://www.linkedin.com/company/understanding-vc/
🎧 Spotify: https://open.spotify.com/show/1q7DxW3FEyP7EhH8m0VvAD
🍎 Apple Podcasts: https://podcasts.apple.com/in/podcast/understanding-vc/id1551524895
💌 Connect with Rahul:
🤝🏻 LinkedIn: https://www.linkedin.com/in/rahulthayyalamkandy/
📩 Email: rahul.thayyalamkandy@gmail.com
🐣 Twitter : https://twitter.com/rahul0720
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📍 About :
Hussein is a partner at Hoxton Ventures. He currently represents Hoxton on the boards of Avantia Law, Baseimmune, BeyondRisk, Biocortex, Biotx, DruidAI, Finesse, Fy!, Giraffe360, Kbox, Kitt, Luminary, Peptone, PillSorted, Raptor Supplies, Really Clever, Rensair, Replai, Replan, Skin Analytics, TourRadar and XYZ Reality, and serves as a board observer on Behavox and Karakuri. He previously served on the boards of Babylon Health (NYSE:BBLN), bd4travel (acquired by Dnata), Campanja (acquired by 24/7 Media), Darktrace (LSE:DARK), Deliveroo (LSE:ROO), Panakeia, SOCOS (acquired by Sophos), Yieldify (acquired by Publicis) and Vidya Health.
Hussein serves on the board of UCLB, the commercialization company of UCL and also sits on the advisory board of GTO Partners, a tech mid-market buyout firm, and Landscape, a venture capital review site. Previously he served on the board of Tech Nation, a UK quasi non-governmental organization. In a personal capacity, he is an angel investor in Apex:E3, Builder.ai, Callaly, GoCardless, Mellizyme, MyGlamm, Reachdesk and Signpost.
While forming Hoxton, he helped Eros STX Global develop ErosNow, an online streaming video platform for Bollywood. Prior to Hoxton, Hussein was an associate with Accel Partners. He joined Accel from Microsoft Corporation. Earlier in his career, he worked with three startups, Safe-View (acquired by L-3), Radiance Technologies (acquired by Comcast) and Studio Verso (acquired by KPMG).
Hussein holds an MBA from London Business School and did his undergraduate studies in Symbolic Systems at Stanford University.
He stubbornly refuses to swear allegiance to a monarch and remains a proud American.
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