RAISE 2023 Global Summit: What Does the Applicant Data Say for Capital Allocation? (Part 2)
By Ben Black, Akkadian Ventures
In our first article, we took a look at the data from the RAISE 2023 Global Summit's GP applicant pool and their financial metrics. This week, in Part 2, we identify year-to-year shifts in investment focus among the applicants. Our goal was to discern how areas of interest for GPs are changing.
At the highest level, the investment themes changed less than we expected. Overall, the breakdown between generalist funds, geographic funds and thematic funds is remarkably consistent.
Looking more gradually at investment themes, we asked each applicant to choose four areas of specific interest. Out of 31 sector options for applicants to choose from, we extracted sectors that experienced more than a 20% change. 13 sectors that saw significant changes in investment focus, including heightened focus on five particular sectors - AI, Vertical Software, FamilyTech, GovTech, and AdTech.
Simultaneously, we observed a decline in seven specific sectors: PropTech, Blockchain, FoodTech, Marketplaces, Travel, Startup Studios, and Cannabis.
The venture industry is always changing . We invite our LPs to join us at RAISE to come see for themselves. Ready to embark on your own unicorn hunt at the 2023 RAISE Global Summit?
Click here to request an invitation.
~~~~~~~~~~
Disclaimer
The Tipping Point Series, including Leading Indicators articles, (“Tipping Point”) is a collection of interviews with fund managers who (a) have previously raised a venture capital fund and (b) are providing advice and insights into the formation and management of venture capital funds (the “Presentations”). Tipping Point is not an offer to sell or a solicitation of an offer to buy any security issued by any venture capital fund, including without limitation, any venture capital fund managed by Tipping Point’s speakers, presenters, or producers.
The Presentations do not (a) provide investment advice with respect to any security or (b) make any claim as to the past, current, or future performance of any security or venture capital fund, and Tipping Point expressly disclaims the use of the Presentations for such purposes. The Presentations are not intended to constitute legal, tax, accounting, or other advice or an investment recommendation. Prospective fund managers should consult their own advisors about such matters with regard to their venture capital funds. Raising a venture capital fund involves significant risk of loss of income and capital, including loss of the full amount raised and invested, which may occur as a result of identified or unidentified risks.
Tipping Point is produced by Raise Conferences, LLC (“Raise”). Raise is a private invite-only venture capital conference, which provides a forum for venture capital funds to network with and present to potential venture capital investors. Although Raise produces Tipping Point, the Presentations are independent of Raise’s conference and do not provide any forum for the Tipping Point speakers, presenters, or producers to solicit the sale of any securities.
