Leo Polovets, Discover and Read the Best of Twitter Threads by @lpolovets

Leo Polovets

lpolovets

Recycling ? for VC nerds: assume a $10m fund, 1:1 follow on, $2m lifetime fees.How to recycle?- $5m initial, $3m f/o, recycle $2m post small exits- same, but recycle pre

0/ I've recently been chatting with people about what it would take to start a new city. It's such an interesting idea to think about! Just like with products, I feel

Many of the best things in my life came via pure serendipity. Like meeting my wife, or starting a VC fund.One insight I've had is that serendipity is proportional to

1/ After reflecting for a while on @AngelList's rolling funds, I believe they will be very disruptive.Previously the best way to start a VC fund was to build an investing

Surprising pattern in seed stage VC funds: if a fund is reasonably diversified, it'll need at least one $1b+ exit for a great total fund return. Regardless of fund size.Doesn't

A few founders recently told me they keep many challenges to themselves because they don't want their VCs to think they're inexperienced or ineffective. IMHO it's better to tell existing