Broadhaven Ventures' Michael Sidgmore on democratization of venture capital, why Alts are the future of private portfolios, and the role of wealth management firms.

Venture Unlocked: The playbook for venture capital managers

Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape.

Today we’re thrilled to bring you a very unique conversation with Michael Sidgmore, Co-Founder of Broadhaven Ventures and host of the Alt Goes mainstream podcast. Broadhaven Ventures is fintech focused and has invested in several platforms that make alternatives more accessible including, Republic, Party Round, iCapital, Alt, and of course our startup Allocate.

Additionally, Michael was an early employee at iCapital (currently valued at $4B), which enabled private wealth managers to offer top alternatives to their clients.

Michael is also a Venture Partner at Goodwater Capital, one of the top global consumer focused venture capital platforms in the world with over $2 Billion of assets under management.

We covered the broad topics of retail influence within alternatives, the future democratization of venture capital, and why a larger supply of LPs is coming.

A message from our sponsor:

Pacific Western Bank is a full service commercial bank with over $34 billion in assets. The venture banking team specializes in financial products and services for startups, venture-backed businesses, and their venture capital and private equity investors.

The experienced team is committed to the space and dedicated to delivering high-touch, tailored solutions, helping innovators take their business to the next level.

In the first half of the year, the venture banking team has booked over $800 million in new loan commitments to help support the community. No matter the size or stage of your business, you can expect guidance, resources and flexibility, making them the perfect team to support your evolving needs.

Turn your vision into reality with PWB. For more information, visit www.pacwest.com/lending-solutions, or follow us on LinkedIn and Twitter.

*Equal Housing Lender & FDIC insured

*Total assets & loans booked are as of June 30, 2021.

In this episode we discuss:

01:06 Why Michael got into investing

08:02 The world of alternatives

12:55 How the demand for alternatives assets has changed over the years

18:31 Navigating the challenges for people to access alternatives

24:19 The long term progression of alternative investments

29:29 Important thematic trends in the next generation of investors

34:09 What adding value to investments means to Broadhaven

37:52 Balancing the relationship between founders and VCs

41:43 Successfully scaling for value

Mentioned in this episodeBroadhaven Ventures

I’d love to know what you took away from this conversation with Michael. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you’d like to be considered as a guest or have someone you’d like to hear from (GP or LP), drop me a direct message on Twitter.

Podcast Production support provided by Agent Bee Agency

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com