This week's episode of StrictlyVC Download features Hans Swildens, founder of Industry Ventures, talking about his company's deal with Goldman Sachs in Industry Ventures' 25th anniversary year.
Mr. Swildens traces the evolution of his relationship with Goldman over two decades, from LP investor to wealth platform partner to minority shareholder in 2019, and explains why the firm decided now was the right time to fully join Goldman's external investment group. He discusses how secondaries have become the “new IPO” for venture-backed companies, shares insights from managing one of the world's largest portfolios of over 150 seed-stage venture funds, and explains why the predicted wave of fund failures has not materialized in their portfolios. Mr. Swildens also explores the future of venture liquidity structures, from recurring funds to NAV loans, and why products that have been successful in private equity have not yet found their way into venture capital.
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