Virginia Ventures, LLC

Description

What prompted you to establish Virginia Ventures, LLC? We realized our body of previous work was unique. We had practical experiences involving marketing, business construction, business ownership, product knowledge and development and managerial experience. We knew the investment management industry was starved for someone that could precisely relate to them, and converse on their level as an owner or manager. Further, we felt there was a void in straight talk to fiduciaries concerning manager-related issues. We were confident our then 20 years of institutional experience in the industry would be value added to both groups. What is the practitioner experience behind the principals of the firm? In addition to our specific Wall Street experiences we have had experience in forming both traditional and alternative investment managers; working with high profile research organizations in the construction of operational capabilities platforms; engaged by international investment consulting firms to form their hedge fund practice group; founding and maturing a private equity firm specifically dedicated to the investment management industry; investing in technology critical to investment firms. All of these experiences have contributed to our body of knowledge. We never stop learning and applying today's teachings to tomorrows clients. Upon completion of a contract with a firm, do you continue to stay involved with the firm, and are you often asked to take on other projects that may stem from your initial task? We have had many follow on assignments. Firms get comfortable with our style and frequently request our input on other matters. If these are purely add-ons to the original assignment, many times we provide input gratis, as we see it as extended warrantee on our work, and part of client servive. How do you work with the "Synchrony Group" to gain marketplace reconnaissance? The Synchrony Group are our contacts in the institutional investment world, and provide us with intelligence on trends, predilections, and issues. We value these relationships, many of which span more than one decade. We are constantly "pinging" the Synchrony Group with brief ("100 Second Survey") inquiries or more in depth questionnaires and interviews on issues. Our goal is manifold. First, we feel the combination of our resident knowledge combined with the intelligence of the marketplace is an optimal set for our clients. Second, we encourage every client to participate in targeted conference calls to hear firsthand from practitioners in various subjects. Last, we always share our collated findings with those who take their time to participate. We think this is a winning formula for everyone. Do you collect any fees for recommending professionals in your "Consortia Group" and what is your due diligence process on each entity? No. We do not share in any revenue a Consortia Group member receives from our clients. We operate as a fiduciary, and believe that would present a conflict. Our due diligence is thorough on our Consortia Group members. It involves researching client work, reputational and a firsthand look at deliverables.

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