YouSaid · the spoken record

Jamie Montgomery

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57
first
2021-12-30
most recent
2021-12-30
sittings or episodes
1
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podcast

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  1. “If you can own some of the great Titans, that obviously is a great tollhold, but even the great institutions that are now managing twenty, thirty or forty billion when some of the world's greatest venture capital firms have five or six hundred million early stage funds mean you're still only getting 10, 20, 30, 40 million. So you're now having to think about things differently on two dimensions. Portfolios are bigger. And so how do you start to find a next generation or other satellite players to complement an existing portfolio? And secondly, how do you think about building a venture portfolio where you are seeing increasing specialization? So to answer your question, there is a starting point, I'd say three things in my own opinion. One is a mix of core and satellite. So if you can access some of the great firms, that's terrific. And then you”

    2021-12-30 · Capital Allocators · Jamie Montgomery – March Capital (Manager Meetings, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “I'm curious in the big seats where you sat A lot of times you expect these venture portfolios to be filled with the Sequoias and the Axcels because you do have access and there's long, long histories of relationships there. How do you think about fitting in a march capital into a venture portfolio?”

    2021-12-30 · Capital Allocators · Jamie Montgomery – March Capital (Manager Meetings, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “And then lastly, as we're seeing venture capitalists start to become more focused rather than covering the entire waterfront. And so focusing on cybersecurity and all of things around protecting the enterprise, AI, and machine-led and algorithmic-led kind of applications, those areas of focus has also given them greater expertise and be able to build on that pattern recognition”

    2021-12-30 · Capital Allocators · Jamie Montgomery – March Capital (Manager Meetings, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “From an investment side. And that's where I think Jamie brings a lot of almost surprising amount of insight that when you've really seen hundreds and hundreds of companies and you've seen which have worked well and which haven't, and even having been a Wall Street analyst for 15 years myself, you know, one of those analysts that's always wrong with the quarterly estimates and everything else, that pattern set, that experience set, all the questions really has been a strong base to then build an investment strategy.”

    2021-12-30 · Capital Allocators · Jamie Montgomery – March Capital (Manager Meetings, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “There are three ways looking at some of the great, great venture capital investors. One area where you've seen great success is entrepreneurs that have built companies and understand what is involved across the multiple fronts you have to fight. Get hire great people, keep them, develop a strategy, a marketing, obviously, building a product and essentially running in 100 miles an hour. So there's the entrepreneur as the venture capitalist category two, you could argue to grown up in a great firm, whether it's Sequoia, one of the world's greatest or the Greylock excelled. The training and the exposure to that level of intellect, that level of ferocity, that level of thinking about and investing and the flow you get is just an extraordinary experience if you're able to do well on those platforms and it's extremely demanding and hard because the expectations are high. And then the third is having the pattern record.”

    2021-12-30 · Capital Allocators · Jamie Montgomery – March Capital (Manager Meetings, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Jamie had built Montgomery and managed the firm quite well through even the tech or the global financial crisis. And then ultimately sold the firm. And as he was thinking about his next chapter, he really was looking to invest in a lot of the businesses. When you have a lot of experience taking companies public, doing M&A where you're really seeing hundreds and hundreds of companies and dozens becoming joggernauts, really significant players and the amount of return and wealth creation that occurs there, that was the insight for him to take those skills and that pattern recognition and experience and transfer from being in the transaction world to the investing world.”

    2021-12-30 · Capital Allocators · Jamie Montgomery – March Capital (Manager Meetings, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “I was introduced to Jamie by John Conlin, who was the CEO of Robertson Stevens at the time, one of the four horsemen, one of the great investment banks of San Francisco, founded by Sandy Robertson and many others. Jamie was building a next generation boutique investment bank called Montgomery, a company, no relation to Tom Wisel's Montgomery Securities. And he was looking to build a firm to really help young companies get financing, think about their growth, and build something that really was a follow-on to those great firms.”

    2021-12-30 · Capital Allocators · Jamie Montgomery – March Capital (Manager Meetings, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source