How I Invest with David Weisburd

In this episode of How I Invest, I connect with Gregor von dem Knesebeck, Co-Founder and Managing Partner of Blue Future Partners. Gregor shares the story of building a successful fund-of-funds focused on venture capital, emphasizing brand building, portfolio construction, and navigating the unique challenges of venture investing as a family office. This episode provides insights into venture capital portfolio strategies, the power law of returns, and best practices for fund allocation. A valuable listen for emerging fund managers, family offices, and anyone exploring fund-of-funds strategies.

Highlights:

Building Blue Future Partners: How Gregor and his brother co-founded the firm and learned the importance of brand building for success in venture capital.

Family Office Venture Allocation: Exploring the ideal venture capital allocation, ranging from 1–2% in Europe to 10–20% in U.S. endowments.

Three Pillars for Venture Investing: Fund-of-funds, direct investments, and investing in funds—and the pitfalls of skipping steps.

Portfolio Construction: Blue Future Partners’ concentrated strategy—focusing 80% of capital on 10–12 names within a 15–20 fund portfolio for each vintage.

Managing LP Relationships: Avoiding "tourist LPs" and small check investors that lead to inefficiencies and time-consuming micromanagement.

Venture’s Power Law: Understanding why a few outsized returns drive the portfolio and how it contrasts with private equity’s return dynamics.

Long-Term Venture Horizons: Why venture requires a 20-year investment horizon, cyclicality, and resilience to market downturns.

Lessons Learned: The difficulties of timing vintages, managing global complexity, and balancing personal sacrifices with business growth.

Value Add for LPs: Blue Future’s initiatives such as the Family Office Academy and GP Accelerator Program to support education, fundraising, and matchmaking in the venture ecosystem.

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Guest Bio: Gregor von dem Knesebeck is the Co-Founder and Managing Partner of Blue Future Partners, a fund-of-funds specializing in venture capital. With a strong focus on European and U.S. markets, Gregor combines his passion for technology with his expertise in fund management to support GPs and LPs in building sustainable, high-performing portfolios. Blue Future Partners emphasizes long-term partnerships and aims to create outsized returns through a curated portfolio of top-tier venture funds.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at dweisburd@gmail.com.

We’d like to thank @Carta for sponsoring this episode!

#VentureCapital #VC #Startups #OpenLP #AssetManagement

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SPONSOR: Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

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Stay Connected: X / Twitter: David Weisburd: @dweisburd Gregor von dem Knesebeck: @gregorio

LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/ Gregor von dem Knesebeck: https://www.linkedin.com/in/gregorvdk/

Links: Blue Future Partners: https://www.bfp.vc/

Questions or topics you want us to discuss on How I Invest? Email us at dweisburd@gmail.com.

(0:00) Episode preview (1:45) Building Blue Future Partners (3:51) Family office venture asset allocation strategies (5:20) Challenges for family offices in venture capital (7:19) Portfolio construction (9:27) Fund of funds time diversification and LP management (10:20) Sponsor: Carta (13:08) Adding value to LPs through a fund of funds (14:25) Lessons learned (16:03) Early mistakes and personal sacrifices in VC (18:58) Closing remarks

In this episode of How I Invest, I sit down with Elizabeth Browne, Managing Director and Co-Head, Sponsor Solutions Group & Elevate at GCM Grosvenor. Elizabeth shares her deep expertise in GP seeding—a niche yet growing area in private equity—covering topics such as structuring deals, the challenges of building institutional-grade asset management firms, and how to identify and support future industry leaders. This episode is a must-listen for anyone intrigued by the nuances of private equity, the intersection of investing and firm-building, and the future of the seeding market.

Highlights:

What is GP Seeding? Elizabeth explains GP seeding as taking an ownership interest in the management company of an asset management firm and its dual purpose: providing launch capital for new firms or growth capital to undercapitalized ones.

The $300 Million Threshold: The importance of reaching this critical fund size to attract institutional LPs and hire top talent, as well as managing the fixed costs of building a private equity firm.

Investor vs. Firm Founder: Distinguishing the skillsets required to be a great investor versus building a lasting and scalable asset management firm—including operational, compliance, and regulatory expertise.

Core Attributes of Great Firm Founders: Hustle, grit, sector expertise, and the ability to manage team dynamics, alongside a strong investment track record.

Structuring Seed Deals: Avoiding common pitfalls such as static or misaligned participation terms and instead focusing on revenue-sharing constructs tied to performance.

The Evolving Seeding Market: From the role of single-family offices in the early days of GP seeding to the institutionalization of the space, including a projected $80 billion in the GP stakes market.

Scaling a Support Model: How GCM Grosvenor’s Sponsor Solutions balances its high-touch approach with a carefully curated portfolio of eight to nine investments.

The Importance of Relationship-Driven Investing: Why great managers seek true partners who provide strategic value beyond capital, and how GP referrals have been a surprising source of deal flow for Elizabeth’s team.

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Guest Bio:

Elizabeth Browne is the Managing Director and Co-Head, Sponsor Solutions Group & Elevate at GCM Grosvenor, focusing on GP seeding and strategic partnerships with emerging asset management firms. With decades of experience in private equity, Elizabeth is passionate about identifying and supporting the next generation of industry leaders. She brings a hands-on approach to helping founders build institutional-grade firms, emphasizing long-term partnerships and sustainable growth strategies.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at dweisburd@gmail.com.

We’d like to thank @ReedSmith for sponsoring this episode!

#VentureCapital #VC #Startups #OpenLP

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SPONSOR:

Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, Reed Smith delivers smarter, more creative legal services that drive better outcomes for their clients. Their deep industry knowledge, long-standing relationships and collaborative structure make them the go-to partner for complex disputes, transactions, and regulatory matters. Learn more at www.reedsmith.com.

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Stay Connected:

X / Twitter: @dweisburd (David Weisburd)

LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/ Elizabeth Browne: https://www.linkedin.com/in/elizabeth-browne/

Links:

GCM Grosvenor: https://www.gcmgrosvenor.com/

Questions or topics you want us to discuss on How I Invest? Email us at dweisburd@gmail.com.

(0:00) Episode Preview (2:06) Minimum fund size and differences between a good investor and a good firm founder (7:49) The apprenticeship nature of investing and identifying the next great manager (11:04) Track record risk vs. new business risk in institutional management (14:48) Sponsor: Reed Smith (19:05) Deal types and manager relationships; investment diversification strategies (23:44) Hedging strategies and structuring seed transactions (28:30) Economic participation incentives for performance (33:31) Challenges and scaling strategies for emerging managers (37:59) Comparing partnership to transaction-oriented founding approaches (42:04) Closing remarks

In this episode of How I Invest, David Weisburd speaks with Ron Diamond, a renowned expert in the family office space and the founder of Diamond Wealth. Together, they explore the transformative role family offices are playing in private markets, the impending $84 trillion wealth transfer, and the challenges of professionalizing family office operations. Ron also shares his insights on governance, structural alpha, and strategies for raising grounded, ambitious children in wealthy families. A must-listen for anyone interested in the future of family offices and their potential to disrupt private equity and venture capital.

Highlights:

The $84 Trillion Wealth Transfer: Over the next 20 years, baby boomers will pass down $84 trillion to the next generation, with family offices poised to be major beneficiaries.

Professionalizing Family Offices: Ron discusses why many family offices lack the talent to compete with top firms like KKR and Blackstone and emphasizes the need for better compensation models to attract and retain top-tier talent.

The Rise of "Private Capital": Sophisticated family offices are rebranding to "private capital" to differentiate themselves from the fragmented, inefficient traditional family office structure.

Structural Alpha and Tax Strategies: Ron explains how concepts like private placement life insurance (PPLI) and tax-loss harvesting can significantly boost after-tax returns, making them essential tools for family offices.

The Family Office Initiative at Booth: Ron details his work at the University of Chicago Booth School of Business, creating an ecosystem to educate and empower family offices through research and networking.

Raising Grounded Children in Wealthy Families: Ron highlights the importance of modeling humility, instilling gratitude, and avoiding entitlement to ensure the next generation thrives.

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Guest Bio:

Ron Diamond is the founder and chairman of Diamond Wealth, a leading family office advisory firm. He represents over 100 family offices with a collective net worth exceeding $30 billion. A pioneer in the family office space, Ron is passionate about professionalizing the industry, educating the next generation, and helping families leverage patient capital to disrupt traditional private equity models. He is also the co-founder of the Family Office Initiative at the University of Chicago Booth School of Business.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email David Weisburd at dweisburd@gmail.com.

We’d like to thank @Carta for sponsoring this episode!

#VentureCapital #VC #Startups #OpenLP #AssetManagement

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SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com

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Stay Connected:

Twitter: @dweisburd (David Weisburd) @RonDiamond (Ron Diamond)

LinkedIn: David Weisburd: linkedin.com/in/dweisburd/ Ron Diamond: linkedin.com/in/ronalddiamond

Link: Diamond Wealth: https://www.diamondwealthstrategies.com/

(0:00) Episode Preview (1:49) Compensation Issues in Family Offices (2:23) Turning Family Offices into Profit Centers (4:23) Case Study of a Successful Family Office (5:23) Branding and Private Capital in Family Offices (7:28) Why Family Offices Fail Across Generations (10:30) Governance and Tax Strategies in Family Offices (13:24) Sponsor: Carta (15:48) Tax-Efficient Investment Strategies (19:07) Cultivating Values in Ultra-Wealthy Heirs (23:27) University of Chicago's Family Office Initiative (27:35) Academic Interest in Family Office Management (30:55) Comparing Family Offices and Private Equity (33:20) Strategies for Improving Family Office Returns (36:07) The Role of Relationships in Family Offices (38:19) Closing remarks

In this episode of How I Invest, David Weisburd is joined by Teddy Gold, the Founder and CEO of 3i, a membership-based platform that connects elite investors. Teddy discusses key insights into private equity, venture capital, and niche investing strategies. He shares his experiences with scaling asset management, navigating the complexities of private credit, and the power of leveraging networks to uncover investment opportunities. A must-listen for those interested in the intersection of high-level investment strategies and the value of relationship-driven networks.

Highlights:

Scaling Asset Management: Some strategies (like venture capital) are harder to scale, while others (like Blackstone’s approach) have proven successful at large scales.

The Principal-Agent Problem: Large institutions may prioritize minimizing risk, leading to missed opportunities, while smaller specialized funds often outperform.

Specialty Finance & Private Credit: Reducing management fees can boost returns, but smaller funds face scalability challenges.

Aircraft Engine Investing: A successful example of niche investing, where 3i members capitalized on aircraft engine teardown investments.

The Power of Membership Networks: 3i’s model thrives on a high-quality, skilled network that sources and executes investment opportunities.

Lessons Learned in Relationship Building: Early mistakes taught Teddy the importance of personal connections and relationship management in building a successful network.

Teddy’s Vision for 3i in the Next 5–10 Years: Expanding in key cities and maintaining high membership standards for long-term growth.

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Guest Bio:

Teddy Gold is the CEO of 3i, a premier investment network that connects family offices, fund managers, and excited entrepreneurs. 3i focuses on sourcing, vetting, and funding private market deals with the expertise of its highly skilled members. Teddy is committed to building a high-quality, scalable investment ecosystem that emphasizes personal relationships and expertise. With years of experience in venture capital and private equity, Teddy brings invaluable insights into the evolving world of alternative investments.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at dweisburd@gmail.com.

We’d like to thank @ReedSmith for sponsoring this episode!

#VentureCapital #VC #Startups #OpenLP #AssetManagement

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SPONSOR:

Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, Reed Smith delivers smarter, more creative legal services that drive better outcomes for their clients. Their deep industry knowledge, long-standing relationships and collaborative structure make them the go-to partner for complex disputes, transactions, and regulatory matters. Learn more at www.reedsmith.com.

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Stay Connected: X / Twitter: @dweisburd (David Weisburd) @teddygoldtweets (Teddy Gold)

LinkedIn David Weisburd: https://www.linkedin.com/in/dweisburd/ Teddy Gold: https://www.linkedin.com/in/teddygold/

Links 3i: https://www.3imembers.com/

Questions or topics you want us to discuss on How I Invest? Email us at dweisburd@gmail.com

(0:00) Episode Preview (2:31) Growth strategies and avoiding adverse selection in 3i (5:21) Raising funds and criteria for first-time fund managers (8:00) Sponsor: Reed Smith (10:03) Trust breakdown in institutions and venture capital fee structures (14:10) Specialty finance insights and private credit learnings (17:30) Asset management cyclicality and network value (20:46) CEO mistakes and the importance of personal relationships (22:02) Closing remarks

Najada Kumbuli, Vice President, Head of Investments at Visa Foundation sits down with David Weisburd to discuss what makes a first-time fund manager a breakout success, why storytelling matters in impact investing, and why this is the most challenging fundraising market since 2001.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at dweisburd@gmail.com.

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SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

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X / Twitter: @dweisburd (David Weisburd) @Visa (Visa) @najadakumbuli (Najada Kumbuli)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
Najada Kumbuli: https://www.linkedin.com/in/najada-kumbuli-68816614/ Visa: https://www.linkedin.com/company/visa/

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Links: Visa: https://www.visa.com

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Questions or topics you want us to discuss on How I Invest? Email us at dweisburd@gmail.com

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TIMESTAMPS:

(0:00) Episode Preview (2:24) Launching Visa Foundation's investment program and learning new markets (3:54) Venture fundraising dynamics and LP decision-making processes (6:21) Identifying genuine LP interest and navigating rejections (11:39) Sponsor: Carta (12:22) The LP learning curve on GP investment theses (17:48) Insights and surprises from working at Visa Foundation (20:50) Closing remarks

In this episode of How I Invest, we’re joined by Michael Kakenmaster, Director of Investments at Loyola University Chicago. Michael shares his journey and expertise in managing university endowment portfolios, with a focus on private markets and hedge fund strategies. He offers valuable insights on how to build sustainable, diversified portfolios and the strategies that have led to success in his role. We also discuss the evolving landscape of venture capital and how institutions like Loyola are adapting to market changes.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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X / Twitter: @dweisburd (David Weisburd) @LoyolaChicago (Loyola University Chicago)

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LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/
Michael Kakenmaster: https://www.linkedin.com/in/michael-kakenmaster-cfa-76212912/ Loyola University Chicago: https://www.linkedin.com/school/loyola-university-chicago/

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Links: Loyola University Chicago: https://www.luc.edu/

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Questions or topics you want us to discuss on How I Invest? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (0:44) Overview of opportunistic investments and helicopter lease funds (3:32) History, challenges, and due diligence in the helicopter leasing market (8:37) The impact of unique ideas and characteristics of a top investment committee member (10:31) Managing Loyola's endowment and building a venture capital program (14:32) Lessons from allocator friends and criteria for hedge fund managers (18:12) Beliefs in market efficiency and retrospective insights (20:45) Closing remarks

Hansen Ringer, Managing Director at Sepio Capital sits down with David Weisburd to discuss the asset class that delivers equity-like returns without the market risk, what distressed credit reveals about market cycles and investor behavior, and what happens when stocks and bonds move together.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

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SPONSOR:

Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, Reed Smith delivers smarter, more creative legal services that drive better outcomes for their clients. Their deep industry knowledge, long-standing relationships and collaborative structure make them the go-to partner for complex disputes, transactions, and regulatory matters. Learn more at www.reedsmith.com.

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X / Twitter: @dweisburd (David Weisburd) @Hansenringer –

LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
Hansen Ringer: https://www.linkedin.com/in/hansenringer/ Sepio Capital: https://www.linkedin.com/company/sepiocap-/

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Links: Sepio Capital: https://www.sepiocap.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (2:44) Decision-making factors and sector allocation strategies (6:42) Public market insights and stock-bond correlation (10:51) Avoidable asset classes and diversification benefits (13:18) Sponsor: Reed Smith (13:43) Hedge funds from an institutional perspective (15:41) Role of managed futures and GP-led secondaries (21:21) Liquidity considerations in investment strategies (24:10) Structured deals and fund performance analysis (26:45) Evaluating private equity managers' prowess (28:38) Sponsor: Carta (31:48) Treasuries, cash, and lessons from Sepio Capital (35:04) Adapting to new investment spaces and LP investing mistakes (37:53) Partnership dynamics and the value of off-list references (41:56) Closing remarks

Victor Mayer, Managing Director, Head of Private Wealth at Pantheon sits down with David Weisburd to discuss why top GPs are rushing to evergreen funds, how Pantheon balances small-cap potential and large-cap stability, and the benefits of Pantheon’s no-cost co-investment deals.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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X / Twitter: @dweisburd (David Weisburd)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
Victor Mayer: https://www.linkedin.com/in/mayervictor/ Pantheon: https://www.linkedin.com/company/pantheon-ventures/ –

Links: Pantheon: https://www.pantheon.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (1:32) Evergreen fund franchise and its purpose (3:11) Evergreen structure and future outlook (6:21) Tax implications and target customers for evergreen funds (8:10) Addressing adverse selection in evergreen funds (10:07) Pantheon's investment strategy for bio funds (14:19) Identifying top buyout managers for Pantheon's portfolio (16:39) Portfolio construction in small to middle market buyouts (17:52) Fee structures in various investment vehicles (20:06) Co-investment performance tracking methods (22:24) Co-invest strategy and deal selection (26:16) Venture capital evergreen structures (28:54) Comparing small buyout and venture capital for LPs (32:09) Exploring large cap funds and small cap opportunities (34:23) Closing Remarks

James Langer, Chief Executive Officer and Chief Investment Officer at Redmont Wealth Advisors sits down with David Weisburd to discuss how Reason small cap stocks are crushing large caps, the academic approach to outperforming with small cap strategies, and the history of top stocks since 1926.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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X / Twitter: @dweisburd (David Weisburd)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
James Langer: https://www.linkedin.com/in/james-langer-65072b260/

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Links: Redmont Wealth Advisors: https://www.redmontwealth.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (1:04) Eugene Fama's influence and the Fama-French three-factor model (3:14) Impact of the Fama-French model on investment strategy (6:28) Intuition behind small cap value outperformance (8:48) Practical application of theoretical investment strategies (10:32) Indexing approaches: Equally weighted vs. market capitalization (12:06) James Langer's experience and Redmond's investment strategy (16:35) Comparing active management and indexing across market segments (22:06) Indexing tools and active investing impacts (24:59) Effective investment through management alignment (28:03) Portfolio analysis and proprietary tools (29:41) Closing remarks

Chris Dion, Co-Chief Investment Officer and Managing Partner at Brockenbrough sits down with David Weisburd to discuss what makes small buyout funds resilient, how small buyouts outperform big private equity deals, and why the deal leader matters more than the firm.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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X / Twitter: @dweisburd (David Weisburd)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
Chris Dion: https://www.linkedin.com/in/christopher-dion-cfa-7286165/ Brockenbrough: https://www.linkedin.com/company/brockenbrough/

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Links: Brockenbrough: https://www.brockenbroughinc.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (1:23) Client-First Approach in Asset Management (3:03) Evolution of Broganbro's OCIO Practice and Endowment Model (6:31) Skills and Decision-Making in Large Endowments (9:26) In-depth Analysis of Small Buyouts (15:36) Small vs. Large Buyouts and Venture Capital (17:55) Challenges for LPs in Small Buyout Focus (19:17) Comparing Operational Focus in Buyouts (20:42) Closing Remarks

Christopher Zook, Founder, Chairman, & Chief Investment Officer at CAZ Investments sits down with David Weisburd to discuss the cost of keeping the wrong person on the team, the crucial mistake CEOs make when building a strong culture, and the secret behind faster growth and success.

The 10X Capital Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

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X / Twitter: @dweisburd (David Weisburd) @ChristopherZook (Christopher Zook) @caz_investments (CAZ Investments)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/ Christopher Zook: https://www.linkedin.com/in/christopher-zook/ CAZ Investments: https://www.linkedin.com/company/caz-investments-lp/

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Links: CAZ Investments: https://cazinvestments.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (2:13) Underwriting and Involvement in Sports Teams (8:00) Key Themes Among Top Institutional Investors (10:23) Compounding in Business and Asset Management (15:20) Sector Specialization and Managing Downside Risk (21:06) Insights from 'The Big Short' (24:44) Navigating Market Misconceptions (26:14) Sponsor: Carta (30:03) Corporate Culture and Principles at CAS (32:23) Enforcing a Culture of Excellence (37:08) The Difference Between Managing and Coaching (39:25) Strategies for CEO Turnover and Employee Fit (41:34) Hiring, Firing, and Culture Maintenance (44:06) The Role of Reviews and Evaluations in Leadership (48:46) Aligning Stated and Actual Corporate Culture (49:02) Legislation Impacting Investment Access (51:27) Staying Updated with CAS and Final Takeaways (52:08) Closing Remarks

Jake Paul and Joey Levy, Co-Founders of Betr, sits down with David Weisburd to discuss Jake Paul’s bold vision for the future of sports betting and how the company seeks to become the market leader in the space.

The 10X Capital Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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X / Twitter: @dweisburd (David Weisburd) @jakepaul (Jake) @joeyslevy (Joey)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/ Joey Levy: https://www.linkedin.com/in/joey-levy-5b4b00a0/

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Links: Betr: https://www.betr.app/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (0:52) Jake Paul's rise in boxing and the importance of self-belief (2:28) Jake Paul's focus and ambitions outside the ring (4:21) The inception of Jake Paul's sports betting company (6:28) The influence of psychedelics on personal and professional growth (7:37) Marketing strategies and embracing controversy (10:50) Joey Levy on partnership dynamics and equal ownership (13:35) Dedication to the success of Betr (16:23) Betr’s mission, market opportunity, and expansion (20:26) Strategies for customer acquisition and cost efficiency (24:05) The identity of Betr: Media company or betting company (25:04) Financial insights on Betr’s performance (27:31) Betr’s journey to a $100 billion valuation (29:40) Joey Levy's personal drive and background (31:43) Closing remarks

Dean Duchak, Chief Investment Officer at KFF sits down with David Weisburd to discuss the lessons learned from 13 years at KFF, how to create a culture of collaboration in endowments, and Dean’s perspective on diversifying investment strategies.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

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X / Twitter: @dweisburd (David Weisburd) @KFF (KFF)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/ Dean Duchak: https://www.linkedin.com/in/deanduchak/ KFF: https://www.linkedin.com/company/kfforg/

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Links: KFF: https://www.kff.org/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (2:41) Diversification and macroeconomic impacts on assets (7:07) Exploring thematic investing strategies (8:29) Sponsor: Carta (9:21) GP relationship-building for macro insights (11:54) Evaluating GP performance versus salesmanship (15:14) Pros and cons of managing a smaller endowment (17:17) Focus on venture capital in private allocation (20:47) The contrarian stance on venture capital liquidity (22:24) Investigating the persistence of venture capital returns (23:58) Asset gathering concerns and tax policy implications (27:22) Strategies for portfolio diversification (29:43) Approaching investments in new asset classes (31:27) KFF's key lessons and insights (33:09) Developing skills for new institutional investors (36:50) Closing remarks

David Sawyer, Chief Operating Officer & Managing Partner at Legacy Knight : Multi-Family Office sits down with David Weisburd to discuss the top mistakes investors make in GP stakes, why middle-market GP stakes could be a game-changer for investors, and how GP stakes outperform traditional investments in 2024.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

–

SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

–

X / Twitter: @dweisburd (David Weisburd) @legacyknightmfo (Legacy Knight:Multi-Family Office) @DavidPSawyer (David Sawyer)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/ David Sawyer: https://www.linkedin.com/in/david-sawyer-a70ab912/ Legacy Knight: https://www.linkedin.com/company/legacy-knight-multi-family-office/

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Links: Legacy Knight:Multi-Family Office: https://legacyknight.com/

–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

–

TIMESTAMPS:

(0:00) Episode Preview (2:40) Understanding GP Stakes Investing (4:46) Succession Planning with GP Stakes (6:27) Evaluating GP Stakes Investments (12:11) Revenue Streams in GP Stakes (19:26) Sponsor: Carta (20:34) Investor Mistakes and Valuation Metrics (23:33) Middle Market GP Stakes: A Growing Landscape (25:37) Emerging Trends in GP Solutions Funds (26:41) Value Addition and Governance in GP Stakes (29:26) Due Diligence Processes in GP Stakes (32:58) Opportunities in Upper Middle Market Firms (35:54) Attractive Asset Classes for GP Stakes (38:23) New Entrants and Evolution in Portfolio Construction (41:49) Closing remarks

Ben Challgren, Principal at Top Tier Capital Partners sits down with David Weisburd to discuss what makes a top-performing fund, the surprising role of local managers in European venture success and the secrets to spotting a winning startup before it’s big.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

–

SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

–

X / Twitter: @dweisburd (David Weisburd) @TTCP_SF (Top Tier Capital Partners)

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LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/ Ben Challgren: https://www.linkedin.com/in/ben-challgren-aa0b2b98/ Top Tier Capital Partners: https://www.linkedin.com/company/top-tier-capital-partners/

–

Links: Top Tier Capital Partners: https://ttcp.com/

–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

–

TIMESTAMPS:

(0:00) Episode Preview (2:17) Exploring secondary opportunities in the market (5:03) Strategies for assessing new fund managers (7:31) The impact of ecosystems on venture success (10:01) Client categories for venture fund of funds (12:33) Sector-specific vs. generalist investment strategies (14:06) Sponsor: Carta (21:14) Relationship dynamics with top-tier funds (24:03) Addressing concerns regarding market beta (25:11) The evolving landscape of fund of funds and new strategies (26:43) Chasing pure alpha in fund of funds investing (27:43) Understanding power laws in fund investing (30:05) Closing remarks

Charles Hudson, Managing Partner at Precursor Ventures sits down with David Weisburd to discuss how to support first-time fund managers, innovative strategies for sourcing deals in venture capital and tips for success on building relationships with limited partners.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

–

SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

–

X / Twitter: @dweisburd (David Weisburd) @PrecursorVC (Precursor Ventures) @chudson (Charles Hudson)

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LinkedIn: Precursor Ventures: https://www.linkedin.com/company/precursor-ventures/ Charles Hudson: https://www.linkedin.com/in/chudson/
David Weisburd: https://www.linkedin.com/in/dweisburd/

–

Links: Precursor Ventures: https://precursorvc.com/

–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

–

TIMESTAMPS:

(0:00) Episode Preview (2:13) Startup experience and its impact on success (4:54) Portfolio construction and startup valuations (7:20) Fundraising challenges for new founders (10:50) Realistic targets and total addressable market (12:04) Investing in ideas or founders: A critical look (13:00) Feedback openness as a success predictor (16:03) Sponsor: Carta (16:49) Pre-seed investment strategies for high returns (18:43) Case study: Carrot Fertility's market opportunity (21:08) Staying informed: Information diet and cultural trends (24:27) Screen Door's role in supporting emerging managers (27:13) Crafting a differentiated investment pitch (28:52) Screen Door's portfolio strategy discussion (31:00) Transitioning from large platforms to independent GPs (35:26) Skill development outside of established firms (38:30) Closing remarks

Scott Richland, Chief Investment Officer at Caltech sits down with David Weisburd to discuss key portfolio secrets inside Caltech’s $4.5B endowment strategy, the importance of strategy discipline in asset management and how direct investments are chosen behind Caltech's opportunistic bucket.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

–

SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

–

X / Twitter: @dweisburd (David Weisburd) @Caltech (Caltech)

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LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/ Scott Richland: https://www.linkedin.com/in/scott-richland-459a415/ Caltech: https://www.linkedin.com/school/california-institute-of-technology/

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Links: Caltech: https://www.caltech.edu/

–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

–

TIMESTAMPS:

(0:00) Episode Preview (0:54) Portfolio Construction and Allocation (2:19) Team Structure and Investment Strategy (3:05) Advantages of Caltech's Endowment Size (4:21) Taxable vs. Non-Taxable Portfolios (5:55) Evergreen Funds and Their Benefits (7:08) Governance Structure and Investment Process (9:55) Sponsor: Carta (18:33) Macro Trends and Market Opportunities (22:01) Historical Market Downturns: Lessons Learned (22:43) The 2020 Market Drawdown: A Different Beast (23:24) Managing Emotions and Portfolio During Downturns (24:47) Reevaluating Investments: Best Practices (25:35) Human Nature in Investing: Avoiding Common Pitfalls (27:50) Asset Allocation and Direct Investments (30:12) Exploring New Investment Themes (35:25) The Role of Active vs. Passive Management (39:15) The Importance of Reducing Portfolio Volatility (40:59) Balancing Drawdowns and Expected Value (43:35) Leadership and Team Management (47:06) Reflections on a 14-Year Career at Caltech (49:10) Closing remarks

Kunal Sood, Managing Director at Pantheon sits down with David Weisburd to discuss how US institutional investors can access Indian venture capital and private equity, key trends shaping India's unicorn startup ecosystem for global investors and how to leverage local expertise to navigate asia-pacific private markets.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

–

SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

–

X / Twitter: @dweisburd (David Weisburd)

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LinkedIn: Pantheon: https://www.linkedin.com/company/pantheon-ventures/ Kunal Sood: https://www.linkedin.com/in/kunal-sood-9582494/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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Links: Pantheon: https://www.pantheon.com/

–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

–

TIMESTAMPS:

(0:00) Episode Preview (1:16) Pantheon's investment focus (2:02) Differentiation of Pantheon and synergies between asset classes (4:16) The importance of relationships in asset management; Defining the mid-market (6:11) Growth equity, market conditions, and revisiting the opportunity set in India (7:04) Sponsor: Carta (9:24) Update on Indian infrastructure and investing in emerging markets (12:18) Opportunities in Japan, Australia, and calibrating strategies for different markets (17:25) Reflections on 11 years at Pantheon and conclusion (18:25) Closing remarks

David Weisburd speaks with Ryan Serhant, founder and CEO of Serhant, about the explosive growth following the Netflix debut of *Owning Manhattan*. They discuss how the show has transformed the business, increasing market diversification, website traffic, and lead engagement. Ryan also shares his insights on scaling a real estate business, the importance of culture in a distributed workforce, and why he sees Serhant as more than a brokerage—defining it as a sales as a service company with an innovative approach to training and technology. Throughout the conversation, Ryan reflects on his personal journey, the challenges of transitioning from broker to CEO, and the responsibility of building a brand tied to his own name.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd) @Serhant_ (Serhant) @RyanSerhant (Ryan Serhant)

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LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/
Serhant: https://www.linkedin.com/company/serhant/ Ryan Serhant: https://www.linkedin.com/in/ryanserhant/

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Links: Serhant: https://serhant.com/

—

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

—

Timestamps:

(0:00) Episode Preview (1:16) Metrics and Growth (4:02) Sales Philosophy and Training (12:48) Balancing Roles and Responsibilities (14:34) Challenges and Successes in Real Estate (20:28) Scaling and Team Building (21:22) Understanding Personal User Manuals (21:40) Building the Right Team (22:54) The Importance of Company Culture (23:54) Leveraging Technology and AI (24:12) Becoming a Level Five Leader (25:39) The Power of Personal Branding (28:23) Defining and Building a Brand (31:13) The Thousand Minute Rule (33:05) Overcoming Challenges and Staying Focused (36:33) Final Thoughts and Reflections

Justinas Milašauskas, Investment Manager at Willgrow sits down with David Weisburd to discuss the risks and rewards of investing in spinouts, top lessons learned from investing in venture and private markets and lessons on investing in emerging managers and navigating fragmented markets.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

-–

SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

-–

X / Twitter: @dweisburd (David Weisburd) @justi_nas (Justinas Milašauskas)

-–

LinkedIn: Willgrow: https://www.linkedin.com/company/willgrow-uab/ Justinas Milašauskas: https://www.linkedin.com/in/milasauskas/ David Weisburd: https://www.linkedin.com/in/dweisburd/

-–

Links: Willgrow: https://willgrow.com/

-–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

-–

TIMESTAMPS:

(0:00) Episode Preview (1:45) The strategic advantage of operating businesses in portfolio construction (3:19) Investment cadence and the importance of recognizing one's weaknesses (5:25) Evaluating fund managers and the significance of their cap table (6:26) Sponsor: Carta (7:09) Investment strategies for spinouts and emerging managers (9:40) The evolution of emerging managers and ticket sizing lessons (11:12) Transition from public markets to private markets and the current investment climate (12:47) Differentiating as an LP and perspectives on European investment geography (14:24) Insights on investing in emerging managers and advantages of family office capital (15:54) Closing remarks

Alex Hormozi, entrepreneur and founder of Acquisition.com, joins David Weisburd to share his journey of building a $150 million net worth. He discusses the lessons learned from losing his fortune twice, the importance of controlling revenue streams, strategic risk-taking in business, insights into scaling businesses, and the mindset required for long-term success. Hormozi also explains how he leverages his social media presence to drive deal flow and growth for Acquisition.com.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd) @AlexHormozi (Alex Hormozi)

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LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/ Alex Hormozi: https://www.linkedin.com/in/alexhormozi/

—-

Links: Acquisition: https://www.acquisition.com/

—-

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

—-

Timestamps

(0:00) Episode Preview (0:39) From Management Consultant to Gym Mogul (4:14) The Big Exit and New Ventures (5:09) The Birth of Acquisition.com (6:00) The Power of Social Media and Brand Building (7:16) Investment Strategies and Business Models (17:33) Skill Acquisition and Compounding (27:08) Transactional vs Relational Business Dynamics (31:15) Understanding Opportunity Costs and A-Players (31:51) The Importance of Reinforcement Loops (32:16) Unlocking Discretionary Effort (33:21) Power of Immediate Rewards (34:23) Behavioral Conditioning in Business (35:37) Hiring for Attitude and Intelligence (38:02) The Role of Trauma in Behavior (39:30) The Meta Skill of Learning (40:40) Aligning Incentives and Delegation (41:17) The Founder Mode and Soft Skills (44:32) Operationalizing Culture and Feedback (46:47) Personal Growth and Business Strategy (57:53) Closing remarks

Francesca Cornelli, Dean at Northwestern University - Kellogg School of Management sits down with David Weisburd to discuss how private equity firms handle CEO turnover, why private equity firms benefit from enlightened disagreement and diverse opinions, and the importance of mentorship in private equity.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

-–

X / Twitter: @dweisburd (David Weisburd) @KelloggSchool (Northwestern University - Kellogg School of Management)

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LinkedIn: Northwestern University - Kellogg School of Management: https://www.linkedin.com/school/kellogg-school-of-management/ Francesca Cornelli: https://www.linkedin.com/in/francesca-cornelli/ David Weisburd: https://www.linkedin.com/in/dweisburd/

-–

Links: Northwestern University - Kellogg School of Management: https://www.kellogg.northwestern.edu/

-–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (1:13) Path to becoming dean of Kellogg School of Business and defining its culture (4:20) Practical tips for enlightened disagreement and commonality in negotiations (5:47) Impact at London Business School and research in private equity (7:18) Insights on private equity from academic research (11:24) CEO turnover in private equity and case studies (14:36) Industry-academia collaboration and future of business education (17:35) Closing remark

Mark Shoberg, CIO & Partner at Capital Creek Partners sits down with David Weisburd to discuss the keys to successful institutional investing, how large should an endowment be for optimal returns, and how to build the perfect investment platform for family offices and endowments.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

–-

X / Twitter: @dweisburd (David Weisburd) @shoberg (Mark Shoberg) @CapitalCreekTX (Capital Creek Partners)

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LinkedIn: Capital Creek Partners: https://www.linkedin.com/company/capital-creek-partners/ Mark Shoberg: https://www.linkedin.com/in/mark-shoberg/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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Links: Capital Creek Partners: https://www.capitalcreek.com/

–-

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

--

TIMESTAMPS:

(0:00) Episode Preview (2:19) Comparing solo and team approaches in investment management (4:18) Venture investments and the allure of spinouts (6:57) Analyzing the pros and cons of anchoring a fund (8:29) Exploring first call alpha and the dynamics of LP relationships (11:29) Balancing economic arrangements between LPs and GPs (14:29) The critical role of partnerships in successful investing (17:06) Strategies for portfolio construction in large endowments (18:15) Delving deeper into market timing and portfolio allocation (21:40) Tailoring real estate investments for tax-exempt entities (24:26) Understanding scale in endowments and its impact (28:38) Introducing Capital Creek Partners and their objectives (30:04) Customized portfolio construction for diverse clients (31:51) The art of sourcing managers and managing legacy relationships (34:57) Closing remarks

Travis Shore, CIO at University of Illinois Foundation sits down with David Weisburd to discuss how CIOs can adapt to the next big change in time, the critical mistakes made in mastering risk in uncertain markets, and identifying which strategy may save your endowment in the next crisis.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

–-

X / Twitter: @dweisburd (David Weisburd) @uofi_foundation (University of Illinois Foundation)

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LinkedIn: University of Illinois Foundation:https://www.linkedin.com/company/universityofillinoisfoundation/ Travis Shore: https://www.linkedin.com/in/travis-shore-cfa-34a05712/ David Weisburd: https://www.linkedin.com/in/dweisburd/

-–

Links: University of Illinois Foundation: https://uif.uillinois.edu/

-–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

--

TIMESTAMPS:

(0:00) Episode Preview (1:28) Evolution of University of Illinois endowment and investment philosophy (3:09) Navigating herd behavior and the financial crisis impact on strategy (6:32) Evaluating venture managers and approach to asymmetric risks (8:34) Investor vs. allocator roles and decision-making in teams (11:18) Leadership principles and the value of iterative decision meetings (14:28) Developing institutional knowledge and asset allocation flexibility (17:49) Managing market cycles, risk, and liquidity (22:21) Adapting to market changes and liquidity management strategies (25:36) Governance's impact on endowment performance and board relations (30:36) Addressing bias in growth strategies and investor re-ups (33:11) Transition challenges to a CIO role and asset allocator decision-making (36:41) Closing remarks

Albert Azout, Managing Partner at Level Ventures sits down with David Weisburd to discuss how to spot unicorn founders early in Venture Capital, what separates great fund managers from the rest, and digging deep into the role of data in unpacking venture fund performance.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

–-

X / Twitter: @dweisburd (David Weisburd) @levelvc (Level Ventures)

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LinkedIn: Level Ventures: https://www.linkedin.com/company/level-ventures/ Albert Azout: https://www.linkedin.com/in/albertazout/ David Weisburd: https://www.linkedin.com/in/dweisburd/

–-

Links: Level Ventures: https://levelvc.com/

–-

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

--

(0:00) Episode Preview (1:39) Data-driven approach to investing and predicting top-performing managers (3:20) Building social capital and early investment indicators (4:38) Follow-on investments, market timing, and macro factors (6:33) Ownership strategies and discipline in seed investments (8:13) Offensive strategy and value-add for GPs (10:18) Evolution of Level VC's value-add approach (13:16) Flywheel effect in investment networks (14:31) Learnings from Coda Capital and systematic sourcing (16:03) Recognizing great founders and contextual quality of GPs (17:07) Fund size control, co-investing, and portfolio construction (20:28) Collaboration, differentiation, and venture capital insights (22:11) Closing remarks

Rob Rahbari, Senior Investment Officer and Assistant Treasurer at University of Rochester sits down with David Weisburd to discuss the hidden potential that diverse fund managers offer, the missing ingredient in a successful investment strategy, and what role will diversity, equity, and inclusion play in the future of institutional investing.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd) @UofR (University of Rochester) @RobRahbari (Rob Rahbari)

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LinkedIn: University of Rochester: https://www.linkedin.com/school/university-of-rochester/ Rob Rahbari: https://www.linkedin.com/in/robrahbari/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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Links: University of Rochester: https://www.rochester.edu/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

--

TIMESTAMPS:

(0:00) Episode Preview (3:17) Portfolio construction and generalist strategy pros and cons (6:27) Macro factors and their impact on investments (7:37) Real assets, fixed income, and real estate strategies (8:52) Venture portfolio insights and GP relationship management (11:21) Selection criteria for new managers and common pitfalls (13:34) Addressing bias and complexity in investment strategies (15:40) Doug Phillips' unique approach to investing (18:13) Investing at the University of Rochester and IADEI initiative (20:51) Embracing market cycles and diverse managers (22:27) Closing remarks

Drew Myers, Co-Founder and Managing Partner at CrossLayer Capital sits down with David Weisburd to discuss the key to small funds thriving in pre-seed investing, how time diversification tame crypto volatility, and identifying persistent top quartile crypto funds.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd)

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LinkedIn: CrossLayer Capital: https://www.linkedin.com/company/crosslayer-capital/ Drew Myers: https://www.linkedin.com/in/drew-myers-8764aa22/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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Links: CrossLayer Capital: https://www.crosslayercap.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

--

TIMESTAMPS:

(0:00) Episode Preview (2:01) Investment strategy: emerging vs. established managers and fund structures (4:20) Identifying alpha in venture and liquid crypto investments, comparison to biotech (6:12) Diligence and alignment in GP-LP relationships; lessons from Makena Capital (10:37) Approach to VC China strategy and parallels in crypto; early market mistakes (16:01) Divergent interests between GPs and LPs; systematic frameworks and investment theses (18:27) Portfolio construction and diversity with idiosyncratic bets (22:12) Pre-seed investments and their impact on return profiles (24:11) Managing risk in volatile markets and differentiating managers (27:26) Persistence of top quartile returns and market cycle impacts (29:30) Advice for institutional LPs entering crypto; regrets and lessons at Crosslayer (33:33) Closing remarks

Michael Wallach, Vice President of Investment at Levy Family Partners sits down with David Weisburd to discuss the unexpected challenges of working at a family office, how to leverage expert insights to drive high-impact investments, and critical mistakes LPs should always avoid.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

–

X / Twitter: @dweisburd (David Weisburd)

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LinkedIn: Michael Wallach: https://www.linkedin.com/in/mike-wallach-8b75291/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

--

TIMESTAMPS:

(0:00) Episode Preview (1:51) Investment strategy and differentiation in alpha/beta strategies (3:34) Sourcing and diligence process for direct deals (6:31) Managing portfolio drawdowns and liquidity (8:12) Importance of data room contents for decision making (9:45) Emphasis on reputation in investment decisions (10:53) Asset class allocation and planning (11:47) Key takeaways from experiences at Levy Family Partners (14:21) Pain points for GPs and LPs' leverage points (15:57) Unique advantages and advice for family office operations (17:25) Closing remarks

Les Baquiran, Founder of Alpine Capital Advisors, sits down with David Weisburd to discuss insights on building LP relationships globally. In addition, they discuss reasons GP’s hire placement agents, benefits of family offices as LPs, and non-traditional structures LPs like to invest in.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd)

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LinkedIn: Les Baquiran: https://www.linkedin.com/in/les-baquiran/ David Weisburd: https://www.linkedin.com/in/dweisburd/ Alpine Capital Advisors: https://www.linkedin.com/company/alpine-capital-associates/

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LINKS: Alpine Capital Advisors: https://alpineca.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

--

(0:00) Episode Preview (2:22) Lessons learned working at Park Hill (5:31) The life cycle of working with a GP (8:02) Geographical reach and strategy for Latin America (11:54) Raising capital from LPs in different regions (19:12) Common problems LPs face in the current market (21:22) The impact of illiquidity on LP investment strategies (23:34) Examples of bad behavior by GPs (29:27) Building strong LP-GP relationships (33:10) Les Baquiran's LP roundtables and gatherings (36:47) The nuances of being a placement agent (40:25) Closing remarks

Tony Meadows, Partner at Sinefine sits down with David Weisburd to discuss what initial investment choice could make or break your portfolio, when to dive into early-stage investments, and how strategic timing can turn ordinary investments into extraordinary gains.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

–

X / Twitter: @dweisburd (David Weisburd)

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LinkedIn: Tony Meadows: https://www.linkedin.com/in/tonymeadows/ Sinefine: https://www.linkedin.com/company/sinefine/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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LINKS: Sinefine: https://www.sinefine.co/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (2:44) Asset class selection and adverse selection in investments (3:25) Partnering strategies and execution in co-investments (4:35) Governance, decentralization, and GP relationships (6:54) Portfolio construction and strategy within private equity (8:34) Impact of check size on venture capital investments (11:20) Pension funds' role and challenges in venture capital (13:10) Benefits, returns, and market coverage for pension funds (14:06) Building a venture capital portfolio for pension funds (15:51) Multistage funds, emerging managers, and fund twos (18:17) Outsourcing strategies and manager performance data (23:52) Criteria and challenges of investing with Sinefine (26:37) Gender dynamics in sourcing and generating alpha (31:16) Portfolio construction and diversification at Sinefine (35:16) Working with pension funds and compensation structures (39:14) Closing Remarks

John Gleeson, Founder & General Partner at Success Venture Partners sits down with David Weisburd to discuss the underappreciated secret to Venture Capital success, why operator LP’s outperform, and the math behind portfolio concentration.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd) @JohnGleeson10 (John Gleeson)

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LinkedIn: John Gleeson: https://www.linkedin.com/in/johngleeson10/ Success Venture Partners: https://www.linkedin.com/company/success-venture-partners/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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LINKS: Success Venture Partners: https://successvp.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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(0:00) Episode Preview (1:43) Introduction to Success VP and its founding story (3:43) The role of customer success in increasing startup value (6:00) Common mistakes founders make in customer success (7:40) Specialization in customer success roles (8:43) Metrics for balancing sales and customer success efforts (12:28) The importance of empathy and customer feedback in product development (14:54) Why customer success often gets less attention than sales in Silicon Valley (17:54) Success VP fund thesis and investment strategy (20:05) How Success VP gets into top deals and the value of customer success (23:31) Building operator LP capacity and leveraging networks (26:25) Portfolio construction and strategy alignment (29:28) Closing remarks

Steve McLaughlin, CEO at Financial Technology Partners sits down with David Weisburd to discuss the hidden values and success of top fintech companies, insider perspective on the work-life balance myth, and the powerful face-to-face strategies that elite companies swear by.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd) @FTPartners (Steve McLaughlin)

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LinkedIn: Steve McLaughlin: https://www.linkedin.com/in/stevemclaughlinftpartners/ FT Partners: https://www.linkedin.com/company/financial-technology-partners/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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LINKS: FT Partners: https://ftpartners.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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(0:00) Episode preview (3:45) Exclusively focusing on fintech and its challenges (5:16) How FT Partners differentiates from larger banks (11:41) Strategies for incentivizing employees and business growth (17:03) Scaling the organization and preserving culture (19:27) Utilizing data for operational insights and investor storytelling (22:33) Case studies: Revolut's valuation and the role of bankers (27:09) Insights on valuing companies in the fintech space (30:31) Work-life balance and the importance of in-person interactions (33:33) Delegating responsibilities and evolving business focus (36:02) The significance of team and client relationships in fintech (37:16) Closing remarks

Renee Hanna, Managing Director of Investments at Baylor University sits down with David Weisburd to discuss how Baylor balances allocation between public and private investments, how its private investments are built around returns hurdles, and thoughts on appropriately sizing commitments.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd)

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LinkedIn: Renee Hanna: https://www.linkedin.com/in/renee-hanna-cfa-474749a/ Baylor: https://www.linkedin.com/school/baylor-university/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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LINKS: Baylor University Endowment: https://investments.web.baylor.edu/baylors-university-endowment

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (2:32) Growth and Evolution of Private Investments (4:15) Long-term Sector Focus and Diversification Strategies (7:31) Investment Durations and Venture Fund Selection (9:19) Smaller Venture Funds: Alignment and Incentives (13:13) Venture Capital: Correlation and Diversification (17:02) Manager Assessment: Referencing and Qualitative Factors (18:05) Investing in Spinouts: Benefits and Challenges (19:53) Career Reflections and Starting at Baylor Pre-Crisis (21:57) Beating Ivy League Endowments and Governance Role (24:34) Closing Remarks

Marius Weber, Founding Partner, and Jocke Martelius, Investment Solutions Manager of Alpha Q Venture Capital sits down with David Weisburd to discuss the comparison between US and European VC markets, strategies for conducting due diligence on emerging VC funds, and the impact of political and economic factors on European VC.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd) @alphaqvc (Alpha Q Venture Capital)

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LinkedIn: Marius Weber: https://www.linkedin.com/in/mariusweberaqvc/ Jocke Martelius: https://www.linkedin.com/in/jocke-martelius-6226035a/ Alpha Q Venture Capital: https://www.linkedin.com/company/aqvc/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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LINKS: Alpha Q Venture Capital: https://www.aqvc.com/

-- Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

(0:00) Episode Preview (1:00) Founding and background of AQVC (4:05) Benchmarking, quantitative and qualitative fund evaluation (8:18) Data standardization and capital formation challenges (10:55) Evolution and best practices in fundraising communication (17:27) Maintaining LP relationships (23:59) Insights from diligence of impact funds (26:07) Timeframe and economics for GPs to achieve wealth (28:12) Product differences for high net worth and family office network (32:31) AQVC's value to GPs (35:47) Constraints in the European VC ecosystem (36:51) Closing remarks

Iyan Unsworth, Vice President of AXA Venture Partners sits down with David Weisburd to discuss about on how a Fund of Funds backed by one of the world's largest insurance companies is revolutionizing the venture capital landscape.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd)

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LinkedIn: Iyan Unsworth: https://www.linkedin.com/in/iyan-unsworth-1016a896/ AXA Venture Partners: https://www.linkedin.com/company/axavp/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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LINKS: AXA Venture Partners: https://www.axavp.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS:

(0:00) Episode Preview (2:25) Key Investment Regions and Geographical Distribution of AVP's Portfolio (4:01) Ideal GP Characteristics and Decrease in Funding for First-Time Funds (7:42) Full-Time Commitment and Historical Performance of Venture Capital (9:02) Principal-Agent Problem and Market Contraction Analysis (11:07) Profiles and Importance of Partnership in Emerging Managers (12:04) Evaluating Teams, Dynamics, and Performance in Venture Capital (15:00) Sensitivity in Performance Discussions and Incentive Reassignment (18:54) Conservative Fund Strategies and Transparency in Track Records (20:05) Complexities of Deal Attribution in Diligence Processes (22:03) Discussion on Secondaries (24:22) Closing Remarks

Dave Neumann, investor at Molten Ventures, sits down with David Weisburd to discuss fund of funds deployment strategies, how GPs should approach fund size and interesting power law data derived from Molten’s 2,500 underlying portfolio companies. (2:08) Identifying successful managers and the prime years of a GP's career (4:00) Common mistakes of GPs (6:45) The venture capital ecosystem and strategies for success (8:10) Concentrated vs. diversified portfolios in VC (9:43) Molton Ventures' investment strategy and portfolio insights (13:15) Closing remarks and the future of venture capital

Jamie Biddle (Founding Partner and CEO) & Steve Kim (Partner, Investment Strategy and Risk Management) of Verdis Investment Management, sit down with David Weisburd to discuss how Verdis has managed to invest into 41 unicorns by indexing early-stage venture capital funds, how they came up with the venture index thesis, and the practical considerations of executing on their venture index strategy. They also discuss the purpose of venture in a diversified portfolio, the benefits of QSBS for taxable investors, and avoiding adverse selection in venture capital. (0:00) Episode preview (1:18) Overview of Verdis (3:18) Shifting investment focus and tax considerations in asset selection (4:39) Verdis’s approach to venture capital (5:24) Indexing early-stage venture capital (7:22) Key factors influencing venture capital returns (8:35) The role and tax benefits of venture investments in a portfolio (11:02) Performance of the venture capital index strategy (13:23) Family office dynamics (14:26) Follow & subscribe to the 10X Capital Podcast (14:47) Unicorn capture rate and venture capital power laws (16:32) Comparing generalist and sector-specific funds (18:48) Loss ratios and execution of the venture index strategy (21:10) Developing and reflecting on the venture index thesis (25:45) Key learnings from Verdis & investing as a family office (26:52) Practical constraints on over-allocating to venture (29:39) Closing remarks

Michael Miller, CIO at Crewcial Partners, sits down with David Weisburd to discuss how nonprofit institutions invest, how they think about portfolio construction, and how they manage liquidity. (0:00) Episode preview (1:14) Overview of Crewcial Partners (2:18) Portfolio breakdown across private assets (3:23) Investing in asset classes when they’re out of favor (4:41) Managing portfolio liquidity (6:42) Optimization of private and public equity exposure (7:33) Role of fixed income in the portfolio (8:44) Diversification strategies of top LPs (10:00) Investing discretionary and nondiscretionary assets (11:12) Embracing inefficiency (13:25) Securing GP allocations (15:22) Manager selection (17:27) Understanding LP psychology and priorities (19:01) Political activism in VC (22:25) Fund distributions and liquidity (24:44) Investment committee dynamics at nonprofits (27:20) Follow & subscribe to the 10X Capital Podcast (27:41) Managing fund investment concentration risks (30:07) Pros & cons of spinouts (31:59) Advantages to investing in funds early (34:45) The importance of non-conformity for high returns (35:55) Closing thoughts

Mikhail Blancovitch, Co-Founder of Unicorn Strategic Capital, sits down with David Weisburd to discuss strategies for raising capital from different types of LPs, how fund managers can craft a compelling story that resonates with LPs, and sources of growth for alternative asset AUM. (0:00) Episode preview (1:12) Overview of Unicorn Strategic Capital (2:29) Emerging managers & sector specialists (3:59) Portfolio strategies in Latin America (5:24) Comparing portfolio strategies by geography (6:39) Which institutional investors are most innovative (8:55) Reputation dynamics (9:35) Raising $6B from institutional investors (12:32) Follow & subscribe to the 10X Capital Podcast (12:53) Strategies for building LP relationships (14:11) Importance of meeting LPs in person (17:13) Crating and telling compelling stories to LPs (21:29) Sources of growth for alternative asset AUM (23:31) Impact of generational wealth transfer on investments (24:19) Client selection criteria (26:04) Perfecting the fund manager pitch

Justin Dyer, Chief Investment Officer of AWM Capital, sits down with David Weisburd to discuss how AWM manages investments for professional athletes. Justin details AWM’s adherence to liability-driven portfolio construction, how it invests in venture and unique considerations when investing capital for athletes. (0:00) Introduction to Justin Dyer and AWM Capital (2:25) Wealth management challenges for athletes (4:45) Venture capital investment preferences at AWM Capital (7:07) Fund of funds structure and geographical tilts in venture investments (10:31) Balancing concentration and diversification in venture capital (13:02) Portfolio simulation and flexibility in strategy (17:09) Venture fund diligence and the weight of references (20:52) The role of disruption in venture capital (23:03) Philosophies on money, happiness, and living a flourishing life (27:19) Final thoughts and reflections

Michael Ashley Schulman, Chief Investment Officer at Running Point Capital, sits down with David Weisburd to discuss Michael’s views on venture capital, manager selection across private asset classes, and risks/benefits of investing in spinout managers. (0:00) Episode Preview (1:31) Overview of Running Point Capital (3:36) Venture Capital Strategy, Challenges, and Metrics (6:08) Managing Capital Calls and Accessing Top VC Funds (10:06) Manager Selection Across Private Asset Classes (14:47) Follow & Subscribe to The 10X Capital Podcast (15:07) Risks and Benefits of Investing in Spinout Managers (17:36) Michael’s Personal Career Insights (20:04) Pre-Liquidity Tax Strategies (20:59) Final Thoughts and Closing Remarks

Fernando Saiz, Co-Founder of Azet Capital, sits down with David Weisburd to discuss Azet Capital’s fund of funds strategy in venture capital. Fernando shares his diligence process for selecting venture funds, what differentiates the funds Azet invests in vs. the ones they pass on, and Azet’s strategic value-add to venture GPs. (0:00) Episode preview (1:01) Intro to Azet Capital (2:40) Views on fund reserves and diligence process for fund investments (7:44) Evaluating emerging managers (10:40) Tools for benchmarking and selecting funds (13:44) LP relationships, co-investments, and fund of funds (17:12) Educating LPs on venture capital (20:07) Strategic reasons to take capital from LatAm (23:09) Value-add from seed stage managers (24:56) Final thoughts and closing remarks

Ryan Serhant is the Founder & CEO at SERHANT., a star in the Netflix show “Owning Manhattan” and Bravo show “Million Dollar Listing New York”, and a 3x bestselling author. In this episode, Ryan and David Weisburd discuss SERHANT.’s meteoric rise as a top real estate brokerage in New York City, Ryan’s unique approach to sales, sales training, and branding, and what it’s like for a founder scaling a business in hyper-growth. (0:00) Episode preview (1:50) The impact of new Netflix show “Owning Manhattan” on SERHANT.’s business (4:41) Sales-as-a-Service and sales training (7:44) Common sales mistakes (11:27) Why Ryan started SERHANT. (15:18) Reflecting on “Owning Manhattan” (19:34) Recognizing potential in people (21:54) Strategies for scaling in hyper-growth (26:45) Branding (33:12) The 1000-minute rule (34:52) Follow & subscribe to The 10X Capital Podcast (35:20) Handling setbacks and maintaining perspective (39:38) Business expansion, success, and finding balance (42:20) Closing remarks

Matt Farrell, Senior Investment Manager at WE Family Offices, sits down with David Weisburd to discuss how families with $50M-$1B+ invest their capital. They also cover balancing risk tolerance and liquidity needs, where alpha is in the market today, and characteristics of an ideal private fund manager. (0:00) Episode preview (0:51) Overview of WE Family Offices (3:05) Typical family office portfolio construction (6:12) Behavioral finance and illiquidity as a feature (9:36) Investment strategies for ultra high net worth families (13:33) Manager selection attributes and importance of transparency (16:22) Diligence process for spin-out managers (18:24) Approach to venture capital as an asset class (21:14) Follow & subscribe to The 10X Capital Podcast (21:34) General guidance on co-invest (23:37) Value-add for venture capital managers (25:07) Hierarchy of the reference process

Mike Maples, Founding Partner at Floodgate, sits down with David Weisburd to discuss Mike’s new book “Pattern Breakers: Why Some Start-Ups Change the Future”. This is a masterclass on early-stage venture investing. Mike shares his views on identifying ideas and founders that led to his early investments in Lyft, Twitter, and Okta. They also cover how Mike thinks about fundraising from LPs, his learnings from legendary LP David Swensen, and the power and importance of pursuing non-consensus ideas. (0:00) Episode preview (1:23) Introduction to "Pattern Breakers" (2:22) The role of startup capitalists (5:01) The Twitter story and insights on early-stage investing (7:24) The importance of founder future fit (15:33) Product market fit: deciding when to pivot vs. stay the course (21:54) Insights empowering new business models (27:21) Creating movements and the role of passion (32:02) Building relationships with LPs (37:14) Advice for new VCs raising money (39:10) The importance of pursuing non-consensus ideas (43:18) 10X Capital Podcast Newsletter (43:40) Lessons from David Swensen (47:14) Benefits of a compatible partnership (49:06) Circle of competence and competitive advantage in VC (51:41) How to find Mike’s new book "Pattern Breakers"

Dr. Russell Read, current CIO at 10X Capital, and former CIO at CalPERS, CIO of Alaska Permanent Fund and CIO of the Gulf Investment Corporation sits down with David Weisburd to discuss his extensive career as a premier investment professional. They dive into how large scale pensions allocate to private markets, how those plans structure co-investment programs and design a theoretical allocation strategy. (1:06) Introduction of Dr. Russell Read and his role at CalPERS (1:47) Diversifying investments internationally (3:24) Challenges of allocating to private markets (4:25) Venture capital investment strategies (5:35) Structuring co-investment programs (7:33) Alaska Permanent Fund's success story (11:49) Addressing understaffing in pension funds (13:27) Utilizing external resources effectively (15:03) Economics of co-investment opportunities (17:23) Strategies for new Sovereign Wealth and pension funds (19:40) Impact of fund size on alternative investment success (21:52) Discussing liquidity premium and retirement funding reforms (24:08) 10X Capital's strategic approach to asset management (25:04) Investment objectives variation among organizations (27:35) Re-evaluating the 60/40 investment model

Justin Pollack, Managing Director at PineBridge Investments, sits down with David Weisburd to discuss PineBridge’s investment thesis. They also breakdown the secondary markets, discuss the structural differences between private equity & public market investing, and ways to analyze spinouts. (1:12) Introduction of Justin Pollack and PineBridge Investments (1:55) Evolution and growth of the private equity market (4:39) Secondary market dynamics (12:02) Differentiating strategies in secondary investing (15:33) Emphasis on downside protection in secondary markets (19:12) Fund of funds and emerging manager strategies (22:29) Adapting private equity strategies to fund growth (26:18) PineBridge's approach to venture capital (27:26) Evaluating spinouts (30:31) Identifying traits of top-performing fund managers (34:05) Closing remarks

Josh Porter, Co-Founder & General Partner at FirstLook Partners, sits down with David Weisburd to discuss FirstLook’s process for evaluating and selecting emerging managers. They also cover typical terms for co-invest, managing conflicts of interest, and the importance of strong personal relationships in venture capital. (0:00) Episode preview (0:11) FirstLook’s strategy (1:12) Co-investment dynamics (3:06) Typical co-invest terms (4:33) Managing conflicts of interest (6:24) Impact of personal background on investment decisions (9:10) Fostering relationships and trust in venture capital (11:28) Importance of trust and honesty in VC (12:27) Key criteria for selecting managers (15:33) 10X Capital Podcast Newsletter (15:54) Investment diligence and adding value (20:18) Insight into hiring for venture roles (21:34) Lessons learned and time management (23:26) Closing remarks

Dionne Chingkoe and Samer Yousif of Insight Partners sit down with David Weisburd to discuss Insight’s direct and fund of funds investment strategies. They cover the importance of adding value beyond capital to both founders and emerging managers, the landscape of multi-stage VCs investing in emerging managers, and check size driving fund strategy for GPs. Insight Partners’ 20/20 Vision Capital Fund supports diverse-led, top-tier, early-stage venture funds providing growth and seed capital to companies in the US and abroad. Insight believes that partnering and investing with these GPs is an effective way to drive much needed diversity in the venture capital industry. (0:00) Episode preview (0:56) Insight Partners’ strategy (2:08) Providing value-add and flexible capital (3:48) Samer Yousif's journey to Insight (6:09) Adding value to emerging managers (8:39) How emerging managers differentiate (12:09) Check size driving fund strategy (16:14) Evaluating GP performance (17:38) Closing remarks

Venus Phillips, Managing Director at Kresge Foundation, sits down with David Weisburd to discuss the Kresge Foundation’s venture strategy. They cover mission-driven investing, opportunities and risks investing in China and India, and building true partnerships between general partners and limited partners. (0:00) Episode preview (0:34) Introduction to Venus Phillips and Kresge Foundation (1:21) Mission-driven investing (2:19) Revitalizing Detroit (3:36) Kresge’s venture strategy (4:04) Opportunities and risks investing in China & India (7:41) Accessing premier venture funds (10:38) Building LP relationships (18:46) Closing remarks