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Postcards from Istanbul

Yavuzhan Yilancioglu

Investing in investors

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Latest Issues

Allocator’s Manifesto: Building a Venture Program

In this piece, I will expand on a question we get a lot from other allocators: “How to build (or scale) a venture book?” Often, the trigger is the frustration with readily available ways of buying venture, i.e., investing in cool brands for...

2 months ago
29
2

Allocator’s Manifesto: Investing in Higher Moments

Over the past year, Jordan and I have introduced some ideas and mental models around seeing early-stage investments as far-out-of-the-money call options and trading volatility in early-stage venture (1, 2, 3). This piece will expand on thes...

5 months ago
34
2

Allocator’s Notebook: Ribbit Capital Funds I-III, 2012-2017

We now continue with the second piece of the series, focusing on Ribbit Capital’s first few funds. Ribbit was a tricky one without publicly available returns data and flying under the radar for the most part. Still, even without precision,...

6 months ago
45
6

Allocator’s Notebook: Union Square Ventures Funds I-III, 2004-2015

Nowadays, the investment community has more voices than ever. Some of these platforms are exceptional. Yet, while studying investors, I feel the need to go back in time, find some dusty articles or interviews, and hear investors directly as...

7 months ago
64
4

Allocator’s Manifesto: Why is every single fund top quartile?

We have invested in venture funds over the past four years and have rarely seen a fund pitching to us that’s not in the top quartile. By its statistical definition, this shouldn’t be the case. And, it is ridiculous we don’t call this out, a...

a year ago
34
6

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  • Yavuzhan Yilancioglu

    Investing in investors

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