From his vantage point overseeing some 3,000 underlying portfolio companies, David York sees profit-taking ahead in the venture capital asset class as well as an exciting convergence of “the cloud” and corporate buying.
The CEO and Managing Partner of San Francisco-based venture fund of funds Top Tier Capital Partners shared this and many other insights about the direction of VC in an exclusive interview with Privcap. Topics discussed include IPO and trade-sale prospects for portfolio companies, the need for corporations to put cash to work in acquisitions, the implications of cheaper startup costs, advances in healthcare technologies, the impact of “Reg A” changes in the Jobs Act, and why York is excited about a coming information transformation at corporations.
View the full video here - http://www.privcap.com/
CEO, Managing Director
Top Tier Capital Partners
David is the CEO and Managing Director of Top Tier, responsible for the management, development, and growth of the firm’s fund of funds and co-investment offerings. Beginning in 2000, he led the fund of funds team at Paul Capital, developing an extensive network of relationships with private equity fund managers. He serves on the advisory boards of eight venture capital funds and has extensive operational experience, having founded and managed four different trading desks while on Wall Street. David’s Wall Street career spans two decades, including posts at Chase H&Q, Volpe Welty & Co. and Drexel Burnham Lambert. He began his career as an Executive Consultant at Paine Webber. Mr. York received his B.S.E. in Industrial and Systems Engineering from the University of Southern California.