Holly Maloney, Managing Director from General Catalyst VC Fund discusses Rise of Full Stack Venture Capital Fund
She-VC: VC is a very hard industry to prepare for. There is no MBA or coursework that prepares you for early stage or late stage investing. Tell me about your past experiences that helped you to be in the growth fund manager role. It is said that venture capital is all about identifying patterns in time. Yet some of the bigger ideas are unpredictable and sometimes those investment decisions can be non-consensus among Partners. To invest in such unpredictable big ideas one has to learn and see things differently, analyze markets that others are finding it non-sexy to invest. Can you elaborate about the new market opportunities for emerging growth fund managers? And how has the market changed in the last 5 years? Venture Capital is one industry that has not been disrupted.. As we are seeing more people bringing movement into this industry how do you see biases and prejudices that played in the past come in effect for people like you who are catalyst for change. Please discuss the opportunities you are creating through the AllRaise platform. Venture Capital is one asset class which is also cyclical. The boom-bust cycle, appetite for high risk. Considering time diversification where above-average returns tend to offset below-average returns over long investment horizons. If returns are independent from one year to the next, the standard deviation of annualized returns diminishes with time. What do you think about the rise of the Full Stack fund? I think venture capital is not a job but it is a lifestyle. So how do you prepare yourself for such a lifestyle? What learning habits do you have or acquired ? How do you analyze various thinking models? What are the LP resources that you read and follow?