#EarlyStageVenture #Seed #investmentmanagement 📈 #DataDriven #WorldTraveler ✈️ #Foodie 🍽 #SportsFanatic 🏀🏈⚾️🏒 GO BIRDS
Philadelphia, PA
Joined March 2017
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Jamie (Dranoff) Rhode, CFA retweeted
I'm excited to launch Relational Capital, a $50m solo GP fund.
I spent the last 8 years as a founder, building @usekojo into the largest US construction procurement platform.
Now I'm backing founders at the earliest stages with $1m-$5m checks.
An abundant future lies ahead 🇺🇸
Jamie (Dranoff) Rhode, CFA retweeted
If you wonder why everyone fights over pro rata...
Garry Tan's first fund initialized Fund 1 returned 55x.
DPI on the first 98 companies added up to about 1x.
Instacart was another 1x, but they weren't able to take any of their pro rata.
Coinbase, where he kept taking his pro rata through multiple rounds, did the final 53x.
Jamie (Dranoff) Rhode, CFA retweeted
We’re thrilled to announce $100M in new funds for Daybreak.
We've raised a $75M Fund II + a $25M opportunistic vehicle we're calling Daybreak Meridian. Our goal is to be a founder's first check (ideally their first "yes") and to keep backing them as they hit escape velocity.
We're also opening an office in SoHo, which we hope becomes a home base for founders starting companies.
There's a Henry David Thoreau quote I’ve always liked: "None are so old as those who have outlived enthusiasm." I feel lucky every day to do this job. I hope we all never lose the enthusiasm.
💯 x 🌄
Jamie (Dranoff) Rhode, CFA retweeted
Today I’m debuting Parable.
Successful companies make the impossible, inevitable. Their stories live long enough to become parables that inspire generations.
Jamie (Dranoff) Rhode, CFA retweeted
We’re excited to announce Sunflower Capital Funds I and II. Sunflower is a $250m fund that partners at the earliest stage with companies building foundations for modern enterprises, critical industries, and the physical world.
Jamie (Dranoff) Rhode, CFA retweeted
Fundraising as a General Partner is more competitive than ever, making it essential to differentiate yourself from the crowd.
In our upcoming Sydecar Session, you'll learn what LPs look for in a pitch and how to stand out with and beyond the slide deck. Our panelists include Jamie Rhode (@Lady10x), Partner at Screendoor, and Benedikt Langer, founder of Embracing Emergence and seasoned investor with experience in VC and private lending.
Join us on Wednesday, February 19th at 3P ET as we discuss positioning your unique edge, building a compelling personal brand, crafting meaningful updates, and leveraging your network effectively. Whether you're actively raising funds or preparing for the future, this webinar will provide you with practical tools to leave a lasting impression.
Sign up today: us06web.zoom.us/webinar/regi…
Jamie (Dranoff) Rhode, CFA retweeted
Over the past 2.5 years I have put my head down and focused on what I know to be true - there are few fantastic dedicated early stage firms and even fewer that you have ever heard of. Perhaps this firm could be both. forbes.com/sites/alexkonrad/…
Jamie (Dranoff) Rhode, CFA retweeted
🚨🚨 This week @Jason and I host @Lady10x Jamie Rhode, CFA of @screendoorvc and Matthew Mulvey of Liquid 2 Ventures.
We discussed the Top 5 VC funds raised, return of venture capital DPI, and Sequoia’s offer to LP’s
Link to the episode below 👇
Jamie (Dranoff) Rhode, CFA retweeted
📬 The June #OpenLP newsletter is out, highlighting perspectives from LP & GP voices across the venture ecosystem on key topics, such as:
- Investing in Top Emerging Managers
- The Differentiation for GPs Nobody Talks About...
- The Series A Crunch or the Seedpocalypse of 2024
- Fundraising Basic Formula
- The Vintage Year Power Law
- The Grand Reset: VCs and LPs Are Starting To Internalize Reality
+ much more...
👇 Subscribe to get the next one at the link in the comments.
🙏Thank you to this month's contributors:
@Lady10x, @DWeisburd, @Samirkaji, @ttunguz, @MeghanKReynolds, @fintechjunkie, @joannaruppuc, @Kyle_L_Wiggers, @thebenbergman, @_RosieBradbury, @mikeeisenberg, @nchirls, @beezer232, & @maddierenbarger
ALT June OpenLP Newsletter
Jamie (Dranoff) Rhode, CFA retweeted
Ever wondered about the landscape of early-stage venture capital? Our recent guest on the 10X Capital Podcast, @Lady10x, shared some mind-boggling insights: out of 845 unicorns, only 3 funds have been in more than 3% at the seed stage. What does this mean? The VC world is incredibly fragmented at the seed stage.
Jamie goes on to point out an interesting trend. Out of those 850-ish unicorns, 70% have had underdog founders - immigrants, women, people of color. Even more intriguing, 30% of these unicorns had at least one founder who isn't white. This isn't just a statistic, it's a testament to the power of diversity and the potential it holds.
But what does this mean for venture capitalists and their limited partners? It demands a shift in perspective. It's time to think and invest differently. The success stories aren't confined to a certain demographic or a specific geographical location anymore. The underdogs are rising, and they're bringing forth a wave of innovation that's truly remarkable.
Tune in to episode 72 of the 10X Capital Podcast to hear more of Jamie's insights on investing in top emerging managers. Let's broaden our horizons together.
Jamie (Dranoff) Rhode, CFA retweeted
🎙 On today’s episode of the 10X Capital Podcast, @Lady10x , Partner at Screendoor and I discuss Screendoor’s strategy of backing top emerging managers, as well as:
1️⃣ Friction points between LPs and emerging managers
2️⃣ Leveraging insights from GPs and LPs in manager selection
3️⃣ How to diligence a first time fund
Video clip below - Sound on.
Click “+ Follow” by my name to see more clips.
P.S. Link to full episode in comments.
#VentureCapital #VC #Startups #OpenLP @TurpentineMedia @10XCapitalVC