E34: Aakar Vachhani of Fairview on What The Top 1% of GP’s Share in Common

Aakar Vachhani sits down with David Weisburd to discuss the role of data in venture capital, Fairview's unique structure, and their co-investment program. They also delve into the discipline of making investment decisions, the advantages of a fund of funds, and the importance of team cohesion in VC firms. Vachhani also shares best practices for data rooms and advice for LPs as Fairview celebrates its 30th anniversary. The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co (0:00) Introduction and Aakar Vachhani's background (1:43) The role of data in decision making and returns in venture capital (6:55) Fairview's history, unique structure, and co-investment program (15:58) The discipline and strategy in making investment decisions (20:18) The advantages and arguments for a fund of funds (26:50) Qualitative factors and enduring culture in venture capital firms (33:30) Re-investing in tenured firms and the diligence process for emerging managers (39:44) The importance of team cohesion and the ability to adapt in VC firms (42:41) Best practices for data rooms and creating an ideal emerging manager deck (53:23) Continual engagement with GPs and adjusting investment strategies for potential risk (58:17) Celebrating Fairview's 30th anniversary and advice for LPs (1:00:04) Launch of the 10X Capital Podcast Newsletter