20VC: Inside The Mind of A Leading LP: How LPs Evaluate New Fund Managers on Everything from First Meeting to Portfolio Construction To Fees and Carry with Lisa Edgar, Managing Director @ Top Tier Capital Partners
This podcast episode features an interview with Lisa Edgar, Managing Director at Top Tier Capital Partners, who shares her unconventional path into the LP world. The episode explores her journey from working at the Federal Reserve Bank in San Francisco to stumbling upon a job opportunity at a fund of funds and discovering the world of venture capital. It discusses the early stages of venture capital and how past booms and busts shaped investment mentality. The episode also highlights the impact of globalization on venture capital and the importance of warm introductions. It delves into the significance of understanding the people behind a pitch deck and the role of track record in investment decision-making. The importance of developing long-term relationships with LPs, navigating the secondary market, and building lasting fund management firms is also discussed. The episode concludes with a discussion on the speaker's unexpected favorite book and the availability of resources for learning in today's digital age.
