The New Rules of Venture: What Next-Gen LPs Should Know First

The New Rules of Venture: What Next-Gen LPs Should Know First

From Swimming with Allocators by Earnest Sweat, Alexa Binns

March 4, 2026 · 45 min

About this episode

Iliana Oris Valiente discusses the evolving landscape of venture capital and the challenges faced by next-gen family offices.

This week on Swimming with Allocators, Earnest and Alexa welcome Iliana Oris Valiente, a F500 corporate executive, independent LP, and founder of the Capital Decoded program, to explore the evolving landscape of venture capital. Iliana shares insights from her global background, discusses why generalists excel in the AI era, and outlines the challenges next-gen family offices face when entering VC. The conversation also covers the importance of clear investment thesis, trends in emerging markets, and the critical need for trust and education between GPs and LPs. Listeners will gain practical frameworks and actionable advice for navigating today’s rapidly changing investment world. Also, don’t miss Sidley’s Shane Goudey discussing current trends in venture capital fundraising, with an emphasis on where LP investment is coming from and the growing interest in co-investment opportunities. Iliana Oris Valiente, CPA, CA is an accomplished corporate executive, emerging tech pioneer, board member, author, and global citizen. She is a recognized media figure, having been featured from Bloomberg to The Financial Times, across TV and print. Iliana is an angel investor, fund LP, and…

People in this episode

Hosts: Earnest Sweat, Alexa Binns

Guest: Iliana Oris Valiente

Topics covered

  • venture capital
  • investment thesis
  • family offices
  • AI era
  • trust and education
  • emerging markets

Keywords

  • venture capital
  • family offices
  • investment thesis
  • AI
  • trust
  • emerging markets
  • co-investment

Mentioned in this episode

Organizations: Sidley Austin LLP, Capital Decoded, Bloomberg, The Financial Times

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