Small managers and mainstream strategies are key to Protégé's success
Tue Mar 2, 2010
The competition for seeding from Protégé is tough, but the rewards are well worth it
The competition for seeding from Protégé is
tough, but the rewards are well worth it
Managers looking to New York's Protégé
Partners for seed capital face an unusually tough uphill slog.
They will be competing not only with rival startups but with
other small managers for Protégé's money.
Jeffrey Tarrant and Ted Seides
It is this group of managers that Protégé
targets, in the belief that small hedge funds are better
investments than large ones, for all sorts of reasons. Because
there is no dedicated pool of seed capital "our bar is higher
for seeds," concedes Ted Seides, co-founder and senior managing
director of investments at Protégé.
Winning a seed mandate from Protégé is even
more competitive because the partners generally prefer those
start-ups that follow mainstream strategies. This is a
ISSN: 2151-1845 / CDC10004H
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