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I soon came to realise that I did not have the time to monitor the shares adequately so I again used advice to start saving monthly in a generalist fund.
CH: It's a generalist fund.
Cowboy is a generalist fund that is managed by Lee and Ted Wang, a startup attorney for many years with Fenwick & West who joined as a general partner in January of last year.
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He now thinks that the pendulum may have swung too far the other way, with many private-equity firms regarding investing in technology as easy.The acquisition of SunGard has opened up the possibility of far larger deals, especially with its model of a consortium of private-equity buyers combining generalist funds and a technology specialist such as Silver Lake.
But so are big generalist funds.
Coincidentally, the agtech investment landscape has exploded over the last decade, from a niche, opportunistic clade of the venture capital investment class, to a legitimate asset class attracting focused and generalist funds with dedicated agtech investment allocations.
The industry, according to agtech firm Finistere Ventures, has transitioned "from a niche, opportunistic clade of the venture capital investment class, to a legitimate asset class attracting focused and generalist funds".
GK: In a small country with limited deal flow, we can't afford not to be a generalist tech fund.
GK: In a small country with limited deal flow, we can't afford not to be a generalist tech fund.
However, the acknowledgment that such focus can lead to blind spots, in addition to specific verticals getting destroyed by macro environments (Cleantech) mean generalist VC funds will continue to survive and thrive.
He wanted to launch a Third Avenue real estate portfolio, but Whitman was leery, arguing that running a sector fund was contrary to his generalist approach.
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