Atreides Management LP, a $3 billion hedge fund led by Gavin Baker, is seeking to raise a vehicle dedicated to opportunistic venture wagers amid a challenging period for startups.
“It is easy to say ‘Be fearful when others are greedy and greedy when others are fearful,’ but much harder to do in practice,” Baker, 46, told clients in a letter seen by Bloomberg. “The next 9 to 12 months will be one of the best times in history to be greedy and deploy capital within venture.”
