What do people in industry think about Abdiel Capital? Returns seem off the charts (especially this year).
I know they take undergrad interns but they never seem to return, often have good jobs after but curious if this is because its not desirable or because the fund is very small and selective with its hiring.
Anyone have any concrete information on the fund?
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They invest in nascent business models with big tailwinds - investing ahead of the S-curve. Seems pretty elite guys with Harvard degrees. Heard good things about them.
Good "comp" for Abdiel would be Whalerock (run by Alex Sacerdote), Atreides Management (run by Gavin Baker), Hayden Capital (run by Fred Liu) and some of the Tiger cubs like Coatue and Tiger Global.
Hayden capital? Are you fking kidding me?
Nascent business models with big tailwinds is good descriptor. Would also add: businesses undergoing a misunderstood transition in biz model or quality of moat + very focused on finding management teams who are both growth and capital return minded.
They had a very non traditional interview process. Instead of doing a standard multiweek case study like most of the other L/S, they wanted me to do a qualitative research project on a specific market and wanted to see how I approached a few expert calls. I walked away from that process with a high opinion of them. They definitely differentiate.
Abdiel in a heartbeat. They have to be the hottest shop around. The returns are indeed off the fucking charts - who else is returning 80% 4 years straight? They're up 1500% all time in 4 short years...
Abdiel, Shawspring Partners, and CAS Investment Partners are already all-time GOATs at this point. The returns are impossible to believe unless you've seen them with your own eyes. Just purely insane.
Stellar time traveling shop
Easy now! The word stellar can't be used on WSO unless you're describing a stellar distressed shop.
Name rang a bell in my head... turns out I read about them on WhaleWisdom a while ago. Definitely was impressed. According to the article, "Abdiel Capital was #1 among the top performing hedge funds over the last year... with a 123.96% return for the year ending Sept. 30, 2020." These guys have either been super lucky or are seriously onto something.
Those guys at Abdiel FUCK real hard
Uhh, there are a couple ways to interpret this. What exactly do you mean lol