Transcript
Introduction
Matt
This is Matt Reustle, and today we are covering the increasingly thematic market of venture secondaries. My guest is Ravi Viswanathan, founder and Managing Partner of NewView Capital, and Ravi was an ideal guest for this topic because his career has come full circle around this theme.
He saw the initial market for venture secondaries while at Goldman Sachs post the dot-com fallout, and nearly two decades later, his fund NewView uses venture secondaries as a key piece of their overall investing strategy. They have been at this for six years, so it's not new to them.
In the conversation, I wanted to cover some of the basics around these transactions because so much of private markets are bespoke. And while Ravi confirmed the bespoke nature makes each individual secondary deal unique, there are some consistencies in terms of how they approach the opportunity.