Practical VC - Portfolio Allocation in 2023 and Beyond
Most of the last 40 years in the US have seen both low inflation and steady economic growth, a combination that is historically very good for stocks. But the global economy is now in an unusual low-growth / recession and high inflation environment, which means that investors have to re-think their allocation strategy.
Join us for an in-depth discussion with Aman Verjee, JD, CFA, co-founder and managing partner of Practical Venture Capital, a Silicon Valley venture secondary firm. Here are some of the topics that will be covered:
- Which asset classes have performed the best during different macro-economic periods in US history (e.g., stagflation, growth periods, recessions)?
- Should money managers follow the traditional 60-40 split between equity and fixed income?
- What are the lessons from the "lost decade" of stock market returns (1966 to 1982)?
- How can investors identify alpha-producing investments to diversify risk across future market cycles?
- New data over the past several years shows the correlation between realized investment returns from venture and large cap equity returns is close to zero.
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About
Practical Venture Capital (PVC) is a Silicon Valley VC firm that buys secondary interests in mature, top-performing early-stage VC funds and companies. The co-founders and managing partners are Dave McClure and Aman Verjee, experienced investors and internet startup veterans who have worked at PayPal, eBay, Sonos, Founders Fund and 500 Startups. They have been early investors in 30+ unicorns and 8 IPOs that have generated 50-100x+ returns including Credit Karma, Twilio, SendGrid, Lyft, TalkDesk, Canva, among others.