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Nico Mizrahi

Co-Founder at Pattern Ventures

Nico Mizrahi is a Co-Founder and General Partner at Pattern Ventures, a fund of funds focused on partnering with top-tier emerging managers in early-stage venture capital.2 He has over 20 years of experience in finance and venture management, with a diverse background that includes:

  1. Co-founding Pattern Ventures in May 20232
  2. Previously serving as Partner, Management Committee Member, and Portfolio Manager at FPA (First Pacific Advisors) for over 16 years2
  3. Working as an Associate and Senior Analyst at Bear Stearns Asset Management (BSAM)2
  4. Being an active Angel Investor since 20112

Mizrahi's educational background includes studying Finance at California State University-Northridge and attending Crossroads School for Arts & Sciences.2 He is based in Los Angeles, California.2

At Pattern Ventures, Mizrahi focuses on identifying and supporting promising emerging venture capital managers, particularly those managing smaller early-stage funds with exciting strategies and limited capacity for new LPs.1 His approach combines his extensive experience in fund of funds investing with a data-driven methodology to discover hidden talent early in the venture capital space.1

Mizrahi is also known for his advocacy of underserved youth and mental health, serving on the boards of OUR House Grief Support Center and College Match Los Angeles.1

Highlights

Feb 16 · linkedin

We are extremely excited to share our latest report, "The Importance (and Shortcomings) of a Data-Driven Approach in Venture Capital".

Venture investing is uniquely well-positioned for robust data-driven approaches: Data has the potential to enhance every component of the investment process (for GPs and LPs), and allocators, in particular, can unlock significant benefits from better-leveraging data.

Back-tested research and relevant KPIs: Our research suggests that at least a handful of KPIs are highly correlated with future fund performance, and we are excited to share more details below. For example, funds generating a score of greater than ~30% on our KPIs are 8x more likely to generate a 5x+ return than the absolute probability of a fund generating a 5x+ return.

Unlocking and expanding breadth of coverage: Our anecdotal experience suggests that ~40% of funds we are actively engaged with and who we consider to be in the top decile of funds either have no institutional LPs or are not actively or broadly marketing their funds.

Shortcomings of a data-driven approach: Data-driven approaches will increasingly help allocators get to the “right” funds for the right reasons (hopefully at the right time). From there, it will be up to their internal underwriting processes and (GP-facing) products to determine whether or not they can be granted access to the best funds. Data analysis cannot replace these critical components of the fund investment process alone.

Path forward: If you are a fund manager curious to learn how your prior angel investments or funds rank, you can contact us directly or submit relevant investment information to us via HARDCAP. If you are an allocator interested in learning more about how to integrate a data-driven approach into your fund investment process, feel free to reach out to our team.

#emergingmanagers #venturecapital

May 2 · linkedin

I’m happy to share that I’m starting a new position as Co-Founder & General Partner at Pattern Ventures!

Related Questions

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How does Nico Mizrahi's background in finance influence his approach at Pattern Ventures?
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How does Nico Mizrahi's experience at Bear Stearns Asset Management shape his current role?
What are Nico Mizrahi's main responsibilities as a General Partner at Pattern Ventures?
Nico Mizrahi
Nico Mizrahi, photo 1
Nico Mizrahi, photo 2
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Location

Los Angeles, California, United States