VC Charles Hudson on the new LP timeline
In this episode of Strictly VC Download, TechCrunch editor-in-chief Connie Loizos and StrictlyVC's Alex Gove sit down with Charles Hudson, Founder and Managing Partner of Precursor Ventures, to discuss the fundamental shifts reshaping early-stage venture capital.
Charles opens up about the challenges of raising his $66 million fifth fund in 2024's difficult fundraising environment, where LPs are increasingly grappling with longer liquidity timelines for seed-stage investments. They also get into how Precursor is systematically exploring secondary liquidity strategies, including fascinating analysis around what would have happened if Precursor had sold all its positions at the Series A, B, or C stages. Not last, the three dive into the venture industry's institutionalization and the 'taste' needed to find exceptional founders who don't fit algorithmic screens.
StrictlyVC Download posts every Tuesday. Subscribe on Apple, Spotify, or wherever you listen to podcasts to be alerted when new episodes drop.
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