VC10X - Building a $1.5B VC Empire on Individual Investors: The Alumni Ventures Story

Today we're joined by Mike Collins, founder and CEO of Alumni Ventures, a firm that's quietly built one of the most unique and successful venture capital models in the industry. Mike has scaled Alumni Ventures to over $1.5 billion in assets under management by doing something most VCs thought was impossible—building a venture firm primarily around individual investors. ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com Alumni Ventures website - https://www.av.vc/ Mike Collins on LinkedIn - https://www.linkedin.com/in/mike-collins-362100/ 🎙️ Hosted by Prashant Choubey Follow Prashant on X - https://x.com/ChoubeySahab Follow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahab In our conversation, Mike shares: - How he validated and scaled Alumni Ventures to over $1.5 Billion in AUM & over 20 funds - Network-driven approach to deal sourcing and value add - How their referral network generates 3.2x multiples on invested capital - How a team of 45 investment professionals manage over 20 funds - His bold predictions about the profound period of innovation and disruption we're entering & lots more.. Timestamps: (00:00) Introduction (03:27) Mike's background and early career in venture capital (10:32) Finding product-market fit for Alumni Ventures (14:47) Organizational structure with 10 investment teams (20:24) Investment decision-making process (21:30) Referral network and deal flow generation (25:14) Flat fee model and LP alignment (30:16) Investor base composition (33:38) Potential expansion to institutional investors (36:19) Operational challenges in scaling the firm (39:08) Current venture ecosystem and AI's impact (42:42) Liquidity and exit strategies (48:37) Investment sectors and regions (51:04) Investment stages and check sizes (52:19) How founders can connect with Alumni Ventures (54:02) Closing remarks and wrap-up For sponsorship or guest appearance requests, write to prashantchoubey3@gmail.com Subscribe to VC10X on Youtube, Spotify, Apple Podcasts.