VC is a Truth Seeking Exercise

06/11/24 • 31 min

Vishal Tripathi, investor at Next Legacy Partners, delves into venture capital dynamics, spotlighting Next Legacy Partners' unique blend of philanthropy and athlete-focused strategies. Vishal shares his journey into venture capital, underscoring the industry’s allure for innovation and human connection. He also discusses key insights including the importance for emerging managers to define their unique differentiation and adapt to investor preferences, evaluation criteria for managers, AI's transformative role, and the need for VC innovation amid challenges like prolonged private company timelines.

In this episode, you’ll learn:

[1:20] Venture capital allows you to engage with and learn from driven entrepreneurs at the forefront of innovation.

[5:14] Next Legacy Partners mission: linking philanthropy, athletes, and cultural figures with venture capital.

[6:49] Define your unique differentiation as an emerging manager.

[10:27] Emerging managers should align their strategy with their unique strengths and personal approach, remaining open-minded instead of adhering to any one-size-fits-all model.

[21:39] Emerging trends in venture capital, including AI's transformative impact and the need for innovation to address challenges like liquidity and evolving market conditions.

[28:03] VCs should prioritize founders as their primary customers and focus their efforts on adding value to them.

The non-profit organizations that Vishal is passionate about: Anjali, Smile Foundation

About Vishal Tripathi

Vishal Tripathi is an investor at Next Legacy Partners. Vishal analyzes and oversees venture capital funds and industries at Next Legacy, leveraging prior roles as a portfolio manager at Plexo Capital. With a background in financial engineering and quantitative research at J.P. Morgan, he brings extensive expertise in capital allocation and early-stage venture capital. Beyond his professional endeavors, Vishal finds enjoyment in reading DC comics, watching UK panel shows, developing computer games, and avidly following Cricket and Chess.

About Next Legacy Partners

Next Legacy Partners is a venture capital firm formed from the merger of Legacy Venture and Next Play Capital. It stands out with its dual mission to connect the philanthropic world with venture capital (Legacy Venture's focus) and to bridge athletes and cultural luminaries with venture capital (Next Play Capital's focus). Next Legacy Partners is highly community-driven and distinctively focuses on established large funds, direct investments into startups, and emerging leaders in the venture capital industry.

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In this episode, you’ll learn:

[1:20] Venture capital allows you to engage with and learn from driven entrepreneurs at the forefront of innovation.

[5:14] Next Legacy Partners mission: linking philanthropy, athletes, and cultural figures with venture capital.

[6:49] Define your unique differentiation as an emerging manager.

[10:27] Emerging managers should align their strategy with their unique strengths and personal approach, remaining open-minded instead of adhering to any one-size-fits-all model.

[21:39] Emerging trends in venture capital, including AI's transformative impact and the need for innovation to address challenges like liquidity and evolving market conditions.

[28:03] VCs should prioritize founders as their primary customers and focus their efforts on adding value to them.

The non-profit organizations that Vishal is passionate about: Anjali, Smile Foundation

About Vishal Tripathi

About Next Legacy Partners

Subscribe to our podcast and stay tuned for our next episode.

Previous Episode

Make Sustainability Cool to Appeal to the Human Side

Atlas Berry, founder and general partner at Mission One Capital, delves into funding mission-driven founders who focus on frontier technology solutions to sustainability challenges. Atlas discusses the significance of sustainability to him personally, highlights the specific areas of climate tech his venture capital firm targets, and explores current trends in the industry. He provides deep insights into sustainability opportunities and shares valuable advice for entrepreneurs interested in this sector.

In this episode, you’ll learn:

[1:41] 'Jason Bourne meets banking': The fascinating early career journey of Atlas Berry.

[5:22] How corporate development experience paved the way for a venture capital role.

[6:33] The inception of Mission One Capital: Identifying software-driven solutions to climate issues.

[12:17] Guidance for founders tackling climate and sustainability challenges: Understand the problems in these areas and respecting regulatory constraints.

[16:35] The importance of addressing human issues for successful sustainability solutions.

[20:22] Emerging trends in climate tech, including energy, mobility, carbon markets, circularity, and environmental management.

[26:00] Why timing is crucial in evaluating sustainability-focused investment opportunities.

The non-profit organizations that Atlas is passionate about: The Nature Conservancy

About Atlas Berry

Atlas Berry is the founder and general partner at Mission One Capital. He began his career in investment banking at JPMorgan, working in Mergers & Acquisitions across New York, Johannesburg, and London. Notably, Atlas established the venture arm for the Grammy-award-winning rock band Linkin Park, where he led investments in high-profile companies such as Lyft, Robinhood, and Impossible Foods. Additionally, he is a two-time TEDx keynote speaker, has mentored at Techstars and the MIT Startup Accelerator, and has served on the Technology Advisory Boards for New York City and Delta Airlines.

About Mission One Capital

Mission One Capital is a Silicon Valley-based early-stage venture capital firm specializing in ClimateTech and Equitable Access startups. The firm invests in seed-stage companies dedicated to creating a more sustainable and equitable future. Its portfolio includes innovative companies such as Zevvy, Twice, Helio, Cloverly, CHI, Derapi, UPFRONT, Carbonara, and others.

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Next Episode

Courageous Entrepreneurs Are Heroes, Not Consensus Seekers

Dan Kimerling, founder and managing partner at Deciens, talks about key principles that shape his current approaches to startup investments. He explains Deciens' strategy of leading financing deals with a concentrated portfolio, allowing for deep partnerships with entrepreneurs. Dan critiques the average venture capital returns and promotes a bold, non-orthodox strategy to achieve exceptional outcomes. He emphasizes the importance of alignment with entrepreneurs and LPs, advocating for a venture capital model that values courage, commitment, and long-term relationships over diversification and transactional interactions.

In this episode, you’ll learn:

[1:48] How growing up in Edison, New Jersey, influenced Dan Kimerling’s personal and professional life.

[4:07] Deciens’ philosophy: Concentrated, bold, partnership-driven investments.

[7:42] Founders seek genuine partnerships with VCs.

[15:54] Achieving greatness requires personal courage, not group consensus.

[18:28] Success in VC means investing in non-consensus deals with a robust framework.

[29:28] Strategies for better alignment among VCs, entrepreneurs, and LPs.

The non-profit organizations that Dan is passionate about: Albuquerque Community Foundation

About Dan Kimerling

Dan Kimerling is the founder and managing partner at Deciens. He is passionate about leading investments in transformative companies at their earliest stages and sits on the board of many Deciens portfolio companies, including Chipper, Therma, and Treasury Prime. He co-founded Standard Treasury, which was acquired by Silicon Valley Bank, where he led API Banking and Global Research. Earlier, he was an analyst at TechCrunch. Dan graduated with honors from the University of Chicago with an A.B. and A.M., studied mathematical finance at Booth, and received several awards. He was named to Forbes’ "30 under 30," is a Kauffman Fellow, and is active in the Young Presidents’ Organization.

About Deciens

Deciens is a venture capital firm dedicated to supporting early-stage founders revolutionizing financial services. The firm identifies visionary entrepreneurs at the inception of their journey, offering extensive support beyond funding to realize their visions. Deciens collaborates strategically with industry leaders such as Chipper Cash, Africa's largest fintech; Treasury Prime, a frontrunner in banking-as-a-service; and Therma, an innovator in industrial energy management. Through these partnerships, Deciens champions entrepreneurs driving the digital transformation of traditional institutions.

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