Dec 15, 2022 • 42M

How Family Offices are Navigating the Venture Markets with Dave Sachse from SFF & Family VC

Episode 120

 
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Those of us in Venture Capital also have bosses called Limited Partners, or LPs, LPs are the folks we raise our funds from, and it’s important to that we find investors that believe in our vision of the future and investing thesis. Our guest today is Dave Sachse, Founder and Managing Partner of the Sachse Family Fund, which does direct investments in early-stage companies as well as being an LP. We talk to Dave about how family offices are navigating the venture market.

About Dave Sachse:
Dave Sachse is a Tech investor and entrepreneur with experience as a corporate software product manager, startup founder, business development leader, and community builder. In addition to technology investing in the private and public markets, Dave is passionate about demystifying VC as an asset class and democratizing wealth generation.


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In this episode we discuss:

(02:25) Dave’s journey into tech
(04:49) Origins of the family office from the family business
(07:00) How Dave got his start in VC investing
(07:41) Types of companies that the Sacshe Family Fund Invests in
(08:53) The process of determining their investment thesis
(10:27) What their investment committee looks like and their due diligence process
(11:52) Assessing emerging managers and using quantitative and qualitative methods
(14:22) The timescale of VC investing and working with managers
(16:40) Dave’s view on GP commits
(19:59) Better metrics than IRR and MOIC to judge funds and managers
(23:17) LPs asking to delay capital calls
(25:32) Have we hit the bottom of the market and what does the near future hold
(28:07) Dave’s approach to the current market
(29:23) Why you should avoid pay-to-play pitch scenarios as a manager
(33:11) Biggest lessons from being an investor

Fast Favorites:

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  5. 📚- Favorite Book: Democratizing Knowledge by Elizabeth Yin and Hung Pham