427. Building a Billion Dollar Venture Capital Fund with Blackbird's Niki Scevak

Future Squared with Steve Glaveski - En podkast av Steve Glaveski

Niki Scevak is co-founder of Startmate, and founder and partner at Blackbird VC, Australia’s largest venture capital fund, with its 5th fund having raised AUD$1B (US$640M). Blackbird was an early investor in Canva, SafetyCulture, CultureAmp, BugCrowd, RedBubble, and many more, and has to date generated a net internal rate of return of 56%. 

 

Niki joined me today to discuss:

  • His life before Blackbird

  • Successfully raising his first fund back in 2012, without having a network or any startup successes of his own 

  • Getting beyond the trough of disillusionment

  • How Australian superannuation funds are opening their wallets to VC

  • Scaling culture

  • Generating deal flow

  • Advice for founders and budding VCs on raising capital in a down market

  • The AI investment landscape

  • The battle between AI-powered indie hackers and venture-backed startups

  • Whether sophisticated investor rules preventing retail investors from getting direct exposure to venture capital is just increasing the wealth gap 

  • Diversity, quotas, and Startmate’s merit-based selection criteria

  • And more. 

 

Show Notes:

Email Niki: [email protected] 

Web: www.blackbird.vc  

Twitter: https://twitter.com/nikiscevak?lang=en

Contact Steve on Twitter at: https://twitter.com/steveglaveski

Email Steve: [email protected] 


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