Listen "Raising a $30 million venture fund in 30 days - Sahir Ali "
Episode Synopsis
Sahir Ali is a the founding general partner of Modi Ventures, an early stage venture fund investing in tech-bio startups. He is also an LP in multiple funds including Draper Associates and Khosla Ventures. He is an accomplished entrepreneur and investor. We discuss his path to launching a venture fund, founder selection, decision making and more!Rishad Usmani: https://www.linkedin.com/in/rishadusmani/Healthtech Investors: https://www.healthtechinvestors.com/ Sahir Alir: https://www.linkedin.com/in/sahirzeeshan-ali/Modi Ventures: https://www.modivc.com/2:10 Why launch a venture fund?5:40 Hyper vs diligence7:40 Product vs founder11:34 Niche down or shotgun approach 14:40 Single gene mutation therapeutics 19:10 LP relationships24:00 Decision making framework28:10 Portfolio construction 37:40 What is the ideal emerging manager?45:30 Process vs outcomes, incentives49:40 Digital therapeutics52:52 Momentum investing57:35 Structure vs intuition1:01:55 First mover advantage1:06:40 War time vs peacetime ceo1:10:10 What's different about healthcare1:11:30 Can an outsider be successful in healthcare?1:14:40 What is your contrarian truth?1:18:40 Is VC a game of picking the best founders or making them?1:22:40 Intelligence vs consciousness
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