5 Comments

The narrative I always had in my head was that incubators typically don't work as well as traditional VC spray-and-pray. But maybe that's only true for self-labelled incubators. SHV and Founders Fund are in fact strong incubators, despite not calling themselves that.

Expand full comment

I think that is why SHV calls it "originating" vs. incubating. They get much deeper and hands-on than most incubators. It's like being a consultant vs. being an operator I think.

Expand full comment

There are hundreds of studios it seems these days, but only a few working with top tier talent. Whether at inception or hiring them later, that makes a huge difference.

Expand full comment

Does SHV take outside LP capital? I had heard they were just managing their own money now.

Expand full comment

It is possible. Not sure I have specific information there. If they do, it is on the evergreen basis, so I am sure that is limiting to select high net-worth people

Expand full comment