20VC: Why Many VCs Fail To Raise, Why LP Compensation Is A Massive Problem & Why Fund of Funds Will Become More Prominent with Lindel Eakman, Managing Director @ Foundry Group

This podcast episode features Lindel Eakman, Managing Director at Foundry Group, discussing his entrance into the world of LPs and institutional money. Lindel shares his experience of saying no to hedge fund managers and emphasizes the importance of understanding institutional money management. The conversation explores Foundry's unique investment portfolio, the significance of partnership dynamics in venture capital investments, and the differences between VC and LP strategies. The discussion also highlights the role of LP branding, challenges faced by institutional LPs, and the need for changes in the LP ecosystem.