Good morning 👋
When I was still in college and still trying to break into VC, there were a small handful of blogs that I kept reading over and over again because of the quality of the writing and the usefulness of the content.
Leo Polovets (@lpolovets) was one of those writers, and he is the GP of Humba and Susa Ventures.
Leo is one of the smartest, most humble, and most liked GPs I have met since I started, and he has spent the past 12 years honing his craft as one of the best seed investors in the world.
I wanted to ask him about:
Common misconceptions people have about running a fund
Using transparency to your advantage as a GP
What he looks for in LPs
The case for allocating into venture as an asset class
Thoughts on attributing luck to seed investing
Here’s what he had to say …
