Shows
Superclusters - The Emerging LP PodcastTimeless VS Just-In-Time Lessons | Earnest Sweat & Alexa Binns | Superclusters | S6PSE1The holiday season has always been a great time to celebrate the movers and shakers in our world. This season we're celebrating my personal favorites in the LP world. To start this mini-holiday series off, Earnest Sweat and Alexa Binns runs one of the most popular podcasts on venture capital limited partners, Swimming with Allocators. I was also fortunate enough to be on their podcast as well as a bonus crossover episode.You can find Earnest on his socials here:LinkedIn: https://www.linkedin.com/in/earnestsweat/X / Twitter: https://x.com/EarnestSweat
2025-12-1541 min
Swimming with AllocatorsFrom Consumer Insights to AI Upside: How LPs Win in the Next DecadeThis week on Swimming with Allocators, Elizabeth Egan of TIFF Investment Management shares her journey through the investment industry, offering insights from her experiences as both an LP and GP, and highlighting the valuable lessons learned from her time in the consumer sector. The conversation also explores TIFF’s focused approach to private markets, why brand and network effects matter in venture investing, and the necessity of diligence and unique perspectives to identify emerging managers in a competitive landscape. Key takeaways include the importance of building long-term relationships, the critical role of GP talent density, and how LPs can ge...
2025-12-1044 min
Swimming with AllocatorsRethinking Fundraising: What LPs Really ValueThis week on Swimming with Allocators, Apurva Mehta, Co-Founder and Managing Partner at Summit Peak Investments, joins Earnest and Alexa to share his unique journey from institutional portfolio management to building a venture fund of funds. The discussion covers building strong networks and communities for allocators and GPs, adapting to the evolving and increasingly crowded venture landscape, and maintaining discipline in fund size and valuations. Key takeaways include the importance of deep relationships and responsiveness, rigorous diligence in a noisy market, and the advantages of staying nimble to deliver consistent returns and foster long-term partnerships. Also, don’t miss Sh...
2025-11-2649 min
Swimming with AllocatorsThe Venture Compass: Authenticity, AI, and the Power of CongruenceThis week on Swimming with Allocators, Jay Rongjie Wang, Founder and CEO of Primitiva Global, shares her journey from her pioneering upbringing shaped by her mother’s tech entrepreneurship to becoming a leading venture investor bridging Silicon Valley, Hong Kong, and Shanghai. Jay discusses the importance of authenticity and “congruence” in investment decisions, her “impossible triangle” theory for evaluating AI opportunities, and cross-border fundraising strategies. Listeners will gain actionable insight into aligning personal strengths with business practices, understanding global LP/GP dynamics, and balancing boundless curiosity with focused execution in the rapidly evolving world of tech and venture capital. Also, don’...
2025-11-1945 min
Swimming with AllocatorsDDQ: Due Diligence, Debate, and Differentiation: A Deep Dive into Today’s Venture Landscape with Earnest Sweat and Alexa BinnsThis week on Swimming with Allocators, it’s time for another discuss, debate, and question episode as Alexa Binns and Earnest Sweat dive into the evolving venture capital landscape, examining themes like LP confidence in selecting managers versus direct deals, the changing roles of fund-of-funds, the impact of AI and storytelling for differentiation, and rising pressures on women and diverse founders. The conversation also debates whether venture is still truly venture as mega funds grow, highlights the importance of authentic branding, and explores whether geographic hubs like San Francisco are essential. Listeners will take away insights on how LPs an...
2025-11-1250 min
Swimming with AllocatorsCompounding Capital Across Cycles: A Masterclass in Venture AllocationThis week on Swimming with Allocators, Vivek Jindal, CIO at Caprock, shares his journey from risk manager to leading allocator, offering valuable insights into building all-weather, customized portfolios for ultra-high-net-worth families. The conversation covers the evolution of venture investing, the art and science of risk management, the growing role of secondary markets, manager selection, and the importance of diversification and due diligence. Listeners will gain key takeaways on how to compound capital over decades, adapt to market changes, and identify fund managers’ unique superpowers for long-term success. Also, don’t miss our insider segment as Shane Goudey highlights Sidley’s expa...
2025-11-0544 min
Swimming with AllocatorsSimple, Not Easy: The Mindset Behind Sustainable WealthThis week on Swimming with Allocators, Peter Lazaroff, Chief Investment Officer at PlanCorp, joins Earnest and Alexa to discuss his cautious approach to investing, emphasizing minimizing mistakes, favoring rules-based strategies, and the importance of aligning investment decisions with individual client goals. The conversation covers reasons for skepticism about venture capital and alternatives, the significance of customization in wealth management, and evolving relationships between LPs and GPs. Listeners will gain insights into managing risk, the importance of purpose in portfolios, key strategies for long-term wealth-building, and so much more. Also, don’t miss Sidley’s Shane Goudey reflects on the shif...
2025-10-2937 min
Swimming with AllocatorsNavigating the Supercluster: Finding Signal in Venture’s NoiseThis week on Swimming with Allocators, David Zhou, Founder of the Superclusters podcast and seasoned investor, joins Alexa and Earnest to discuss the art of venture capital from the LP perspective. Topics include how allocators differentiate true signal from noise, the value of qualitative insights vs. quantitative data, strategies for evaluating fund managers, and the importance of founder relationships. The conversation also touches on best practices for standing out in VC, the evolution of the industry, and actionable advice on track records and building a lasting reputation. Listeners will gain practical wisdom and fresh perspectives on navigating today’s ve...
2025-10-2240 min
Swimming with AllocatorsThe Human Side of Venture: Lessons from a Pastor-Turned-LPThis week on Swimming with Allocators, Benedikt Langer, pastor turned family office investor and creator of “Embracing Emergence,” shares his journey and investment philosophy focused on backing exceptional people rather than just deals. He discusses the challenges and lessons of transitioning from direct investing to supporting emerging managers, the value of qualitative insights and reputation, and the importance of building trust and community within venture capital. Listeners will gain actionable perspectives on selecting partners, developing authentic investment approaches, the evolving landscape for LPs in the years ahead, and so much more.Highlights from this week’s conversation includ...
2025-10-1540 min
Swimming with AllocatorsThe Future Starts Small: Why Emerging Managers Drive Venture ReturnsThis week on Swimming with Allocators, Michael Downing, serial entrepreneur and venture investor, shares his journey from founding startups to building MDSV Capital, while diving into the essential role of emerging manager funds in today’s venture landscape. The discussion covers the evolution of venture capital, key strategies for both LPs and GPs, the importance of innovative sourcing and community-building, and how the Promontory platform fosters stronger connections and investment outcomes. Listeners will take away insights on industry shifts, the value of supporting innovative early-stage funds, practical guidance for thriving amid changing venture dynamics, and so much more....
2025-10-0842 min
Swimming with AllocatorsPatient Capital, Bold Bets: Constructing a Venture Book That WorksThis week on Swimming with Allocators, Joshua Berkowitz of Berkocorp joins Earnest and Alexa to share his journey transitioning his family office from real estate to venture capital, offering candid insights on building relationships with top VC and PE managers, the importance of patience and long-term thinking, and the realities of portfolio construction. The discussion covers how to underwrite exceptional managers, the value of GP and LP recommendations, and the evolving landscape of venture, especially the rise of young founders and AI-driven startups. Listeners will also hear from Shane Goudey from Sidley on trends in fund formation and the...
2025-10-0136 min
Swimming with AllocatorsProfit With Purpose: Capricorn’s Playbook for GP Stakes & ImpactHighlights from this week’s conversation include:
Michaela’s Career Journey and Entry into Impact Investing (1:06)
Lessons from Early Impact Experiences (3:36)
Misconceptions about Impact Investing and Returns (6:39)
Lessons from Clean Energy Investments (10:11)
Venture and Asset Class Inclusion in Impact (12:03)
Capricorn’s Ecosystem Building and Value Add (15:59)
Current Client Questions and Market Backlash (17:49)
Strategies and Dislocations in Capital Markets (19:39)
Marie-Celine’s Background and Role at Capricorn (22:40)
Asset Class Commitments (25:10)
GP Engagement and Inflection Points (26:49)
Investment Excellence and Entrepreneurial Teams (29:01)
LP Relationships and GP Support (31:17)
Mission Alignment for GPs (34:02)
Due Diligence, Regulatory Risk, and Diversification (35:49)
Connecting with Capricorn and Parting Thoughts...
2025-09-2439 min
Swimming with AllocatorsAccess, Conviction, Returns: Inside A Top Level Venture PlaybookThis week on Swimming with Allocators, Earnest and Alexa welcome Aram Verdiyan, partner at Accolade Partners. Aram shares his journey into venture capital and the principles behind Accolade’s top-performing fund-of-funds strategy. The discussion also covers the importance of access to elite managers, the value of portfolio concentration over diversification, and how disciplined, conviction-driven investing leads to superior returns. Aram delves into Accolade’s early and significant commitment to blockchain, the evolving landscape of liquidity and secondaries, and the firm’s hands-on approach to supporting GPs. Key takeaways include the need for LPs and VCs to focus on long-term relati...
2025-09-1739 min
Swimming with AllocatorsAllocating in an AI Era: The Endowment Model ExplainedThis week on Swimming with Allocators, Earnest and Alexa welcome Lara Banks, Managing Director at Makena Capital Management. Lara shares her journey from real assets to venture capital and offers an inside look at Makena’s approach to manager selection, portfolio construction, and the evolving role of LPs. The discussion also covers the endowment model, the impact of AI and market shifts on venture and private equity, and the growing importance of grit, adaptability, and unique value for emerging managers. Listeners will gain insights into current challenges like illiquidity, the rise of secondaries, and the need for cross-pollination between ve...
2025-09-1039 min
Swimming with AllocatorsDDQ: Is Trying to Differentiate Just Dumb?This week on Swimming with Allocators, it’s time for another debate, discuss, and question episode as Earnest and Alexa dive into the complexities of venture capital from both LP and GP perspectives, focusing on how fund managers can differentiate themselves and the art of due diligence. They also discuss the realities of fund and startup failure rates, the evolving importance of marketing and narrative in VC, and the challenges smaller LPs face in achieving true diversification. Listeners will gain insights into what LPs look for when selecting funds, the significance of relationships and track record, and practical advice fo...
2025-09-0345 min
Swimming with AllocatorsCycles, Convergence, and Capital: Investing Wisdom from Six ContinentsThis week on Swimming with Allocators, Earnest and Alexa welcome Vishnu Amble, Founding Director, Trustee, and Investment Committee Member at GreenBear Group. Vishnu shares insights from his global investment career, discussing his transition from traditional finance to leading a mission-driven family office. The conversation explores the importance of building strong networks, lessons from backing both startups and fund managers, and the critical role of alignment and long-term relationships between LPs and GPs. Vishnu also highlights the impact of technology and outsourcing on investment efficiency, offers perspectives on energy and infrastructure trends, and emphasizes the need for persistence, clear objectives...
2025-08-2733 min
Swimming with AllocatorsBacking the Next Generation: GP Seeding and Co-Investment InsightsThis week on Swimming with Allocators, Earnest and Alexa welcome Jason Howard, Founder and Managing Partner of New Catalyst Strategic Partners. Jason shares his journey from finance and entertainment to launching a firm focused on GP seeding and supporting emerging managers in private markets. The discussion covers New Catalyst’s innovative approach to providing seed capital, operational support, and strategic partnerships, as well as insights into co-investment, secondary markets, and the challenges facing new fund managers. Key takeaways include the importance of alignment, scalable capital, and cross-industry lessons in building sustainable investment firms, along with practical advice for both GP...
2025-08-2043 min
Swimming with AllocatorsConcentration Over Diversification: A New Era for Crypto Fund-of-FundsThis week on Swimming with Allocators, Earnest and Alexa welcome Diego De Colombres, founding general partner of Dissent Capital. Diego shares his journey from equity research to launching a specialized crypto fund of funds. The discussion also explores the importance of backing emerging managers, building concentrated portfolios in a volatile market, and the evolving strategies required for success in crypto venture capital. Key takeaways include the value of specialization over generalization, the risks of over-engineered fund structures, and the growing significance of trends like stablecoins and the intersection of crypto and AI. Listeners will gain insights into how disciplined...
2025-08-1344 min
Swimming with AllocatorsHow to Think Like a CIO: Strategy, Structure, and Staying PowerThis week on Swimming with Allocators, Earnest and Alexa welcome Brian O'Neil, a veteran CIO with over four decades of investment experience, who provides a candid overview of the current venture capital landscape. Brian discusses the challenges facing venture capital, including excessive funding, prolonged private company lifecycles, and the shift from growth-at-all-costs to profitability. He also emphasizes the importance of diversification, understanding investment portfolios, and the need for patience when approaching venture investments. Key insights include the difficulty of finding top-quartile venture funds, the potential of AI and personalized medicine, and the critical role of relationship-building for emerging managers...
2025-08-0638 min
Swimming with AllocatorsHow Institutional Investors Think and What Emerging Managers Must KnowHighlights from this week’s conversation include:
Wendy’s Origin Story and Entry into Allocator World (1:17)
Early Lessons as an Allocator (3:59)
Gravitating Toward Private Assets (6:39)
Founding Ivy Invest: The Problem and Vision (8:06)
Trends and Tailwinds in Asset Management (11:01)
Challenges Bridging Institutions and Individuals (13:55)
Bridging Institutional and Individual Experiences (16:47)
Is Retail Capital a New Institutional Staple? (19:58)
Why Early-Stage Venture “Math Still Works” (24:00)
Institutional Governance and Fund Size Trends (27:14)
Advice for Emerging Managers Approaching Institutions (29:45)
Where Alpha Will Come From in Venture (33:13)
Intangibles and Differentiation in Early-Stage Managers (36:26)
Final Thoughts and Takeaways (39:56)
Ivy Invest brings institutional-quality portfolios to individual investor...
2025-07-3042 min
Swimming with AllocatorsFinding the North Star: The Balance Between Strategy and ReturnsThis week on Swimming with Allocators, Earnest and Alexa welcome Jon Wolkin, Managing Director of Deloitte Ventures. Jon shares his journey from investment banking to corporate venture, highlighting Deloitte's $150 million fund strategy that balances direct and fund investments across key technology verticals like AI, future of work, and health tech. The discussion reveals critical insights into corporate venture capital, emphasizing the importance of having a clear "North Star" strategy, understanding long-term value creation, and navigating the complex ecosystem of innovation. Key takeaways include the need for corporations to move quickly, provide strategic value beyond capital, and remain adaptable in...
2025-07-2334 min
Swimming with AllocatorsYou Can Do Both: Investing for Mission and PerformanceThis week on Swimming with Allocators, Earnest and Alexa welcome Quincy Brown, Managing Director at FEG Investment Advisors. With 29 years of experience, Quincy discusses how his firm serves mission-driven organizations by integrating responsive investing strategies, focusing on diverse and emerging managers, and balancing financial performance with social impact. Key topics include the evolution of ESG investing, technology's role in creating new investment opportunities, and the importance of understanding client missions. Quincy also emphasizes that organizations can achieve both financial returns and social objectives by taking a long-term, strategic approach to investing, particularly in venture and private equity sectors. The...
2025-07-1639 min
Swimming with AllocatorsInside LTV Capital’s Playbook for Backing Atypical Venture ManagersThis week on Swimming with Allocators, Earnest and Alexa welcome Farhan Lalji and Dario de Wet, Co-Founders of LTV Capital. During the conversation, Farhan and Dario discuss their unique approach to investing in emerging fund managers. They share insights into evaluating new venture capital funds, emphasizing the importance of understanding a manager's "why," network strength, and hustle factor. The conversation also explores the challenges of venture capital scaling, the potential of managers with atypical backgrounds, and the evolving landscape of startup exits. Key takeaways include the value of investing in smaller, innovative funds, the need for differentiation in a...
2025-07-0947 min
Swimming with AllocatorsThe Creative Investor: Navigating Tech, Defense, and Deep Tech InvestmentsThis week on Swimming with Allocators, Earnest and Alexa sit down with Clare McLaughlin, Partner at TLI Bedrock. Clare shares her unexpected path from art history and professional harpist to VC, along with her distinctive lens on early-stage investing in sectors like material science, defense, and deep tech. She highlights the importance of founder execution, financial storytelling, and aligning investments with personal values. The episode also explores the evolving role of family offices and the need for transparency and long-term thinking. Also, don’t miss our insider segment with Jason Kropp of Sidley on tax optimization strategies and smart st...
2025-07-0255 min
Swimming with AllocatorsInvesting Beyond the Coastal ElitesThis week on Swimming with Allocators, Earnest and Alexa welcome Brian Brackeen, Managing Partner at Lightship Capital. Brian shares his unconventional journey from tech founder to venture capital allocator. He discusses his vision for democratizing venture capital by investing in overlooked regions like the Midwest and challenging traditional investment biases, and emphasizes the importance of founder-focused investing, leveraging AI in fund management, and creating opportunities beyond coastal tech hubs. Key insights include his critique of performative DEI efforts, the potential transformative impact of AI across industries, and his belief that smaller funds in underserved regions can generate significant returns...
2025-06-2548 min
Swimming with AllocatorsVenture Capital's Next Wave: Strategies for Emerging Fund ManagersThis week on Swimming with Allocators, Earnest and Alexa welcome Evan Finkel and Charlotte Palmer from Integra Global Advisors. Evan and Charlotte discuss their approach to venture capital investing, focusing on emerging managers while also sharing insights into evaluating new fund managers, emphasizing the importance of transparency, unique investment theses, and consistent communication. The conversation also covers challenges in the current VC landscape, including the competitive fundraising environment and the need for succession planning. Key takeaways include the value of building strong LP-GP relationships, the potential of smaller funds to generate alpha, and the critical role of motivation and...
2025-06-1152 min
Swimming with AllocatorsDDQ: IPOs, AGMs and Hamilton Lane’s New Venture FundHighlights from this week’s conversation include:
Current IPO Drought Discussion (1:12)
Assessing Venture Capital Allocations (4:01)
AGM Season Insights (9:17)
Leveraging AGMs for Impact (12:47)
Debate on LP Due Diligence Frameworks (15:27)
Democratization of VC Access (20:32)
Hamilton Lane Product Introduction (21:54)
Emerging Manager Programs Challenges (24:25)
Vanguard's Private Equity Recommendation (26:39)
Technological and Economic Shifts (28:12)
Climate Fund Investment Discussion (33:12)
Market Dynamics and Differentiation (36:20)
Future of Venture Capital and Parting Thoughts (39:05)
Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats...
2025-05-2840 min
Swimming with AllocatorsInvesting Against the GrainHighlights from this week’s conversation include:
Introduction of Guests (0:13)
Raudline’s Journey to Allocator (1:18)
Kevin's Non-Traditional Path (2:37)
Lessons from the Allocator Perspective (4:03)
Balancing Process and Creativity (9:54)
Raudline’s Firm Inspiration (11:15)
Kevin's Firm Motivation (13:57)
Building Founder Relationships (19:10)
Embracing Discomfort for Growth (24:04)
Changes in LP Expectations (30:28)
Growth Through Discomfort (34:31)
Characteristics of a Good Investor (37:30)
Timing in Venture Capital (41:03)
Evaluating Opportunities (44:24)
Rethinking Fund of Funds (48:22)
Impact of Technology on Investment (51:08)
Building Relationships in Venture Capital (54:55)
Final Thoughts and Closing Remarks (1:00:00)
Daraja Capital is a mission-driven investment firm focused on empowering diverse and emerging fund managers across the private markets. By pro...
2025-05-141h 01
Swimming with AllocatorsBeyond the Game: Leading Family Offices of Professional AthletesHighlights from this week’s conversation include:
Justin's Journey into Finance (1:11)
Changes in Investment Management (4:59)
Institutionalization of RIAs (7:47)
Overview of AWM Capital's Services (11:22)
Athletes as Clients (15:16)
Engaging Athletes as LPs (16:21)
Educating Clients on Private Markets (20:19)
Regulatory Shifts in Venture Funds (24:23)
Insider Segment: Emerging Managers and Diverse Perspectives (27:38)
Complex Fund Agreements (31:02)
Venture Capital Strategy Insights (33:11)
Evolution of Partnerships (36:16)
Due Diligence Criteria Overview (40:14)
Stewardship of Capital (44:08)
In-Person Connections (47:58)
Challenges for Emerging Managers (51:00)
Human-Centered Capital Allocation (55:39)
Final Thoughts and Takeaways (57:18)
AWM Capital is a multi-family office dedicated to providing comprehensive wealth management services to professional athletes, business owners, and multi-generational fa...
2025-04-3059 min
Swimming with AllocatorsThe Untapped Potential of Corporate Venture Capital in Canada with Paula Cruickshank of BDC CapitalHighlights from this week’s conversation include:
Differences Between Canada and the US (1:17)
Canadian Ecosystem Growth (3:32)
LP Network Composition (4:36)
Gap in Corporate Investment (8:12)
Paula's Journey at BDC Capital (10:54)
Government Support for VC (14:05)
Advice for Attracting Capital (18:56)
Venture Ecosystem Growth in Canada (22:08)
Insider Segment: Evolving Role of Legal Counsel (24:57)
Impact of Legal Partnership (29:01)
Measuring Success in Ecosystem Building (30:34)
The Camel Metaphor (34:48)
Challenges in Scaling (37:24)
Resilience in Funding (39:49)
Investment Criteria for Canadian Funds (42:36)
Advice for Investing in Canada (46:08)
Final Thoughts and Takeaways (47:39)
BDC Capital is the investment arm of the Business Development Bank of Canada (BDC), dedicated to supporting Ca...
2025-04-1649 min
Swimming with AllocatorsIs the Future of Venture Capital in the Hands of Emerging Managers? Featuring Laura Thompson of Sapphire Partners and OpenLPHighlights from this week’s conversation include:
Laura's Journey to Allocator (1:05)
Differentiators of Sapphire Partners (6:35)
Advice for New Allocators (9:54)
Shifts in Manager Selection Focus (11:41)
Understanding the Underwriting Process (14:57)
Balancing Emerging and Established Managers (16:09)
Characteristics of Successful Emerging Managers (18:04)
The Importance of Fund Size and Strategy (20:11)
Insider Segment: Trends in Venture Structures (27:11)
Consolidation of Relationships in Fundraising (29:02)
Emerging Managers and LP Categories (32:09)
Evaluating Established Firms (35:26)
Portfolio Construction Guidance (38:38)
Reserves Strategy in Venture Capital (41:20)
Challenges of Co-Investment Strategies (43:40)
Sapphire's Resources for LPs (45:11)
Importance of Feedback and Strategy (48:20)
Final Thoughts and Takeaways (49:56)
Sapphire Partners has been investing in early-stage venture ca...
2025-04-0252 min
Swimming with AllocatorsThe Secret Sauce of Allocating: Endurance is Key with Lockwood Holmes of Vincimus CapitalHighlights from this week’s conversation include:
Lockwood's Background and Journey (0:46)
Vincimus Capital Overview (2:09)
Democratization of Private Markets (3:51)
Transition to Private Equity (4:52)
Influence of Shackleton's Endurance (7:43)
Current Market Opportunities (8:40)
Criteria for Ideal Clients (14:26)
Opportunities in Larger Investments (17:09)
Slow Dating in Manager Selection (20:26)
Evaluating Deal Opportunities (22:07)
Insider Segment: SVB's Approach to Innovation (26:10)
Diversification in Venture Capital (31:07)
Investment Buckets (36:02)
Philanthropy in Wealth Management (39:00)
Fund Manager Dynamics (41:55)
The Importance of Patience in Investment (46:28)
Connecting with Contacting Vincimus Capital and Final Thoughts (48:22)
Vincimus Capital is an investment platform and community founded upon shared values and trusted relationships. As a team of ca...
2025-03-1950 min
Swimming with AllocatorsInvesting for Justice: How Capital Drives Change with Ian Fuller of Westfuller AdvisorsHighlights from this week’s conversation include:
Ian’s Journey in Wealth Management (0:41)
Founding Westfuller Advisors (5:05)
Challenges in Early Days (10:36)
Current Differentiation and Pitch (12:18)
Long-term Strategic Asset Allocation Model (14:37)
Ownership Lens Focus (16:57)
Advocacy for Due Diligence (18:16)
Economic Mobility and Career Decisions (22:32)
Insider Segmeng: Catalyst 2045 Initiative Overview (25:59)
Investment Focus Areas (28:32)
Challenges in Supporting Underrepresented Founders (32:16)
Future of Values-Aligned Investing (35:04)
Investment in Generative AI (40:56)
Incremental Impact in Investment (43:46)
Active Ownership and Corporate Stewardship (46:43)
Building Long-Term Partnerships (48:39)
Final Thoughts and Takeaways (50:55)
Westfuller Advisors is a values-driven investment advisory and wealth management firm dedicated to providing advice, strategy, and investment management for...
2025-03-0553 min
Swimming with AllocatorsCapital Formation Secrets: Unlocking the Power Law in Venture Capital with Meghan Reynolds of Altimeter CapitalHighlights from this week’s conversation include:
Meghan's Background and Journey (1:18)
Capital Formation Insights (7:39)
Lessons from Goldman Sachs (9:05)
Advice for Emerging Managers (11:11)
Importance of Client Experience (17:00)
The Competitive Landscape of Venture Capital (19:14)
Changing GP and LP Relationships (23:29)
Creativity in Investor Relationships (28:19)
Insider Segment: Florida’s Diverse Venture Ecosystem (31:10)
Challenges and Opportunities in Florida Startups (35:40)
Talent Access and Flexibility (39:08)
Institutional Reporting Challenges (41:02)
Trust and Transparency in Fundraising (45:23)
Institutional LP Process Advice (49:35)
Power Law in Venture Capital (54:35)
Understanding Capital Allocation (56:49)
Fund Sizes and Venture Capital Dynamics (1:00:12)
Final Thoughts and Takeaways (1:05:10)
Altimeter Capital Management is a leading investment firm specializing in t...
2025-02-191h 06
Swimming with AllocatorsInvestment Strategies Through Cycles with Samir Kaji of AllocateHighlights from this week’s conversation include:
Samir’s Background and Journey (0:31)
Founding Allocate (1:09)
Emerging Managers Focus (4:26)
Market Cycles and Investment Strategies (8:11)
Current Market Trends (12:22)
Illiquidity in Venture Capital (14:04)
Misconceptions About Venture Capital (16:05)
Direct Investments vs. Fund of Funds (19:51)
Operational Needs of Wealth Advisors (22:13)
Building Infrastructure for Investment (24:16)
Insider Segment: Nico Toro of Silicon Valley Bank (27:00)
Customization in Different Markets (28:55)
Understanding Local Ecosystems (30:07)
Opportunities in Fintech (32:26)
Consolidation in Private Equity (36:49)
Investment Strategies for Family Offices (40:43)
Responsible Participation in Venture Capital (44:50)
Ideal Investor Profile (47:05)
Market Growth and Challenges (50:04)
Current Investment Climate (52:00)
Connecting with Samir and Final Thoughts (53:12)
Allocate is a pla...
2025-02-0555 min
Swimming with AllocatorsBuilding Europe’s First Tech-Focused Fund of Funds with Ertan Can of Multiple CapitalHighlights from this week’s conversation include:
Insider Segment: SVB’s Role in the Innovation Economy (1:14)
Challenges for Emerging Managers (4:31)
Global Innovation and Connectivity (6:15)
SVB's Offerings Beyond Financing (8:41)
Treasury Services and Liquidity Solutions (10:59)
Ertan Can’s Background and Journey into VC (13:45)
The Birth of Multiple Capital (17:41)
Pan-European Portfolio Strategy (20:38)
Investment Jurisdictions and Structures (24:06)
Opportunities for US Investors (28:27)
Exit Markets and Valuation Benefits (30:01)
The Rise of European Startups (33:08)
Identifying Outliers in the Ecosystem (35:10)
Focus on Small and Seed-Stage Funds (38:31)
Adapting to Market Changes (42:26)
Advantages of Solo GPs (45:24)
Future of the European Market (50:27)
The Randomness of Venture Success (54:25)
Final Thoughts and Ta...
2025-01-221h 03
Swimming with AllocatorsDDQ: OCIO Acquisitions, Family Office Co-Investments, and 2025 PredictionsHighlights from this week’s conversation include:
Reflections on Season 2 (0:45)
Discussion on Industry Changes (2:18)
Concerns Over Capital Allocation (6:05)
Emerging Trends in Allocator Careers (8:18)
Co-Investments Trend (10:23)
Challenges of Co-Investing (12:43)
Allocator Self-Awareness in Co-Investing (17:52)
Debate on Valuation Processes (19:02)
Challenges of Fundraising (22:00)
Impact of AI on the Industry (23:21)
Targeting the Right LPs (25:02)
Predictions for 2025 (29:51)
Future Guests for the Podcast (32:08)
Recommended Reading (34:41)
Final Thoughts and Reflections (37:12)
Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in...
2024-12-0442 min
Swimming with AllocatorsThe Water Is Fine: Debunking Common Investment FearsHighlights from this week’s conversation include:
Bob’s Background and the Best and Worst of Running a Coffee Shop (0:11)
Transition to Nonprofit Work (1:59)
Formative Experiences in Finance (3:47)
Transforming Nathan Cummings Foundation (5:43)
Shifting Organizational Culture (7:36)
Convincing Skeptics of Impact Investing (11:53)
Defining Impact Investing (15:03)
Mission-Aligned Investing Toolkit (16:28)
Insider Segment: AI Solutions for Today’s Financial Institutions (18:43)
Custom AI Solutions (20:36)
Multi-Channel Strategies (22:39)
Investment Team Reflection (25:02)
Due Diligence 20 Pledge (27:49)
Accountability in Search Processes (32:02)
Impact America Fund Investment (35:53)
Understanding Allocator Decisions (37:26)
Pay It Forward Mindset (38:02)
Encouragement for Impact Investing (39:17)
Flexible Capital Initiative and Parting Thoughts (41:38)
Nathan Cummings Foundation is a multigenerational family foundation, root...
2024-11-2745 min
Swimming with AllocatorsYour Investor Path to GreatnessHighlights from this week’s conversation include:
The Story of the Ford Foundation (1:05)
Development of Mission Investment Criteria (4:08)
Results of the Investment Strategy (7:21)
Complexity of Impact Investing (10:16)
Importance of Long-Term Perspective (12:57)
Learning and Adapting in Impact Investing (17:08)
Quality Jobs Impact Investing (21:41)
Insider Segment: AI-Driven Solutions for VC Funds and Portfolios (24:09)
Successful Engagements and Outcomes (27:55)
AI Integration in Business Strategies (29:53)
Public Recognition of AI Efforts (33:29)
Capital Access Imbalance (35:14)
Impact of Diversity on Economic Growth (37:02)
Portfolio Diversity Challenges (40:39)
The Weaponization of Quotas (42:52)
The Role of Behavioral Insights (48:43)
Strategies to Reduce Bias (52:02)
Advice for Diverse Fund Managers (57:55)
Mergers and Consolidation Opportunities (1:00:14)
Fi...
2024-11-201h 07
Swimming with AllocatorsThe CIO Mindset Every VC NeedsHighlights from this week’s conversation include:
Sarah's Background and Career Journey (0:18)
Importance of Capital Allocation (5:09)
Investment Philosophy (8:30)
Manager Selection Framework (9:41)
Framework Adaptability (12:54)
Team-Based Decision Making (15:51)
Investment Edge and Sustainability (16:43)
Insider Segment: Enhancing Fund Thesis Through Custom AI Solutions (18:14)
Impact of AI on VC Firms (21:03)
The Role of Discipline in Fund Management (23:10)
Importance of Mentorship in the Industry (27:38)
Supporting Emerging Fund Managers (30:33)
Explorer Rating Platform (32:45)
Community Foundations' Impact (33:49)
Braving Our Savings (35:05)
Advice for Emerging Allocators (37:24)
NEPC, LLC is one of the industry’s largest independent, full-service investment consulting firms, serving more than 400 clients with over $1.7T assets unde...
2024-11-1340 min
Swimming with AllocatorsAdopting Marketing and Client Services Best Practices in VentureHighlights from this week’s conversation include:
Christina's Accidental Career Path (0:51)
Entry Into Hedge Funds (2:43)
Storytelling in Venture Capital (3:22)
Market Research Importance (5:54)
Lessons from Bridgewater (7:55)
Consulting at FBG (11:28)
Education's Role in Consulting (13:03)
Client Needs for Reliable Data (15:32)
Understanding Venture Goals (17:39)
DPI vs. IRR Narrative (18:43)
Insider Segment: Custom AI Model Training (21:10)
Data Security Risks (26:11)
Cost-Effectiveness of Custom Solutions (28:14)
Renaissance Venture Capital Overview (30:36)
Overview of Startup Event Success (35:07)
Investment Culture in Michigan (37:45)
Criteria for Fund Selection (39:11)
Importance of Risk Management (41:24)
Final Thoughts and Takeaways (44:15)
The Renaissance Venture Capital Fund was formed with the philosophy that venture capital is important fo...
2024-11-0646 min
Swimming with AllocatorsDo Most LPs Like Their Job? Featuring Grady BuchananHighlights from this week’s conversation include:
Grady Becoming a Limited Partner (0:52)
Networking and Mentorship (3:14)
Understanding LP Dynamics (5:29)
Job Satisfaction Among LPs (9:03)
Understanding Corporate Innovation Needs (13:57)
Connecting Startups with Limited Partners (15:22)
Value Addition in Fund Manager Selection (18:30)
Local Corporate LPs vs. State Money (20:22)
Outside-In Investment Approach (22:51)
Insider Segment: Implementing AI in VC and Portfolio Companies (24:14)
The Importance of Data and Culture (28:35)
Misuse of AI Terminology (30:54)
AI Playbook for Executives (32:59)
Key Qualities for GPs (34:51)
The Role of Co-Investment (37:04)
Avoiding Shiny Objects (38:58)
Final Thoughts and Takeaways for Allocators (40:38)
Grady Buchanan is an institutional and risk-based asset allocation professional. His fo...
2024-10-3044 min
Swimming with AllocatorsCapitalizing on Counter-Cyclical Valuations in VentureHighlights from this week’s conversation include:
Darren's Background and Career Journey (1:09)
Thesis on Private Markets (5:11)
History and Focus of Provenio Capital (6:42)
Investment Structuring for Clients (10:22)
Investment Process for New Managers (13:44)
Current Interests in VC Managers (15:08)
Building Relationships with VC Fund Managers (16:28)
Understanding Venture in Portfolio Context (18:26)
Insider Segment: Setting Institutional-Grade Back Offices (19:13)
Operational Diligence in Fund Management (24:10)
Minimum Investment Criteria for Clients (28:09)
Trends for Allocators to Watch (30:12)
Lessons Learned in Venture Investing (31:40)
Parting Thoughts on Venture Portfolio (33:01)
Current Opportunities in Early Stage Investments (34:34)
Provenio Capital: Our specialization and expertise is the sourcing and diligence of alternative in...
2024-10-2336 min
Swimming with AllocatorsThe “Approachable LP” Investing on Behalf of 120 FamiliesHighlights from this week’s conversation include:
Sean’s Background and Journey in VC (1:07)
First Deal Learning Experience (3:22)
Conviction in Allocating (5:08)
User-Friendly LP Approach (7:35)
Openness to Manager Relationships (11:19)
Overview of Gresham Partners (12:14)
Strategy on Smaller Investments (14:10)
Macro Trends Influencing Venture Strategy (15:57)
Influence of Families on Investment Strategy (19:52)
Capital Pool Structure (22:00)
Insider Segment: Best Practices for Emerging Managers (25:24)
Identifying Client Needs (27:34)
Distribution Trends (29:45)
Investment Process Transparency (31:55)
Adapting to Market Changes (33:48)
Miscommunication in LP-GP Relations (37:05)
Understanding GP-LP Dynamics (40:15)
Building Relationships in the LP Community (42:06)
Changes in Fund Strategies (45:28)
AI's Impact on Investments (48:17)
Final Thoughts and Takeaways (49:22)
Sean Warrington is the...
2024-10-1653 min
Swimming with AllocatorsTurning Around a Pension Fund with a Modern Venture StrategyHighlights from this week’s conversation include:
Anurag’s Background and Experiences in VC (1:05)
Understanding Venture Capital Dynamics (2:26)
The Importance of Transparency (5:33)
Expectations of Returns (9:06)
Emerging Manager Trends (11:30)
Family Offices and Investment Strategies (12:49)
Exploring Emerging Geographies (15:56)
The Importance of Risk in Venture (17:53)
Learning from Allocators (22:56)
Insider Segment: Trends in Fund Structures (25:48)
The Role of Fund Administrators (29:22)
Benchmark Data in Fundraising (30:18)
Investment Strategy Focus (32:17)
Current Regulatory Landscape (35:01)
Pension Fund's Venture Program Development (36:36)
Investment Decision-Making Processes (40:02)
Building Relationships with Pension Plans (42:06)
Differentiating Fund Proposals (43:45)
Overview of Race Global Conference (45:49)
Trends in Fund Proposals (47:01)
Criteria for Advising Family Offices (50:00)
Final Thoughts and...
2024-10-0954 min
Swimming with AllocatorsThe Remaining Massive Opportunities in Fintech with PayPal’s Lisha BellHighlights from this week’s conversation include:
Lisha's Background and Journey in VC (1:44)
Inspiration for Equity Charge (2:38)
Angel Investing Data (4:36)
Access to Venture Capital (6:02)
Role of LP Investing (9:32)
Advice for First-Time LPs (11:07)
Valuing Early Backers (15:04)
Economic Opportunity Fund at PayPal Ventures (16:14)
Team Collaboration and Initiative (17:24)
Advice for Other Organizations (20:00)
Insider Segment: How Adoro Provides Scalable Solutions for VC Firms (21:09)
Naming Adoro Advisors (23:27)
Evolution of Fund Administration (25:37)
Adoro's Unique Positioning (28:13)
Synergy with Portfolio Companies (30:51)
Building Synergistic Relationships (32:47)
Diversity in GP Representation (33:39)
Legacy of Racial Equity Movement (35:20)
Investment Strategy and Portfolio Balance (37:42)
Fintech Opportunities and Challenges (39:52)
Adoption of Financial Technologies (42:10)
Pod...
2024-10-0245 min
Swimming with AllocatorsElection 2024: What Tech Investors Are Missing When It Comes to Regulatory Risks and RewardsHighlights from this week’s conversation include:
Bradley's Background and Journey in Politics and VC (1:08)
Regulatory Challenges in VC (3:18)
Understanding Political Dynamics (4:18)
Investment Strategies in Regulated Industries (6:00)
Importance of Local Politics (9:33)
California AI Bill Overview (11:25)
Political Implications of the AI Bill (13:17)
AI in Government Processes (16:08)
Impact of AI on Legal Marketplaces (18:51)
Sector-Specific Growth in GovTech (20:38)
Political Influence on Tech Regulation (22:19)
FTC's Mixed Impact on Innovation (24:13)
Concerns Over Economic Policies (27:29)
Mobile Voting Discussion (29:27)
Impact of Low Primary Turnout (31:38)
Political Survival vs. Public Safety (32:36)
Mobile Voting Project Origins (34:15)
Building Secure Voting Tech (35:26)
Engaging Younger Generations (37:20)
Impact of Technology on Voting (38:12)
Fi...
2024-09-2541 min
Swimming with AllocatorsFundraising from Family Offices and Maximizing Those Relationships with Malcolm RobinsonHighlights from this week’s conversation include:
Malcolm’s Background and Experience (0:10)
Experience as an Allocator (2:43)
LP Perspective on Investment Risks (4:07)
Advantages of Smaller Check Writers (6:43)
Criteria for Assessing Fund Managers (8:44)
Exciting Opportunities in Healthcare and Deep Tech (12:09)
Challenges of Sourcing Family Offices (15:06)
Insider Segment: The Impact of AI on Hardware Ecosystems (18:30)
Interest in Hardware Financing (21:15)
Diversifying Capital Stacks (22:20)
Formation of the Black LP Association (24:12)
Growth of Diverse Emerging Managers (27:27)
Challenges in Fundraising (30:34)
Differentiation in Asian Markets (32:12)
Value Addition as an LP (37:05)
Internship Opportunities in VC (39:33)
Building a Talent Pipeline (42:04)
Final Thoughts on Market Opportunities (44:20)
Malcolm Robinson foun...
2024-09-1846 min
Swimming with Allocators30 Years of Lessons Learned Investing in Emerging Managers with Aakar VachhaniHighlights from this week’s conversation include:
Aakar's Career Journey (1:27)
Evolution of Fairview's Investment Strategy (2:56)
Impact of the Great Recession (3:06)
Fairview's Investment Activities (5:22)
Partnerships and New LPs (7:31)
Direct Co-Investment Strategy (8:30)
Differentiation from Other Fund of Funds (11:23)
Chip on the Shoulder Mentality (13:31)
Overlooked Opportunities in Diversity (15:01)
Emerging Managers and Deal Flow (16:46)
Insider Segment: Camber Road's Business Overview (00:17:37)
Navigating Large Funding Offers (19:30)
Strategic Work in Venture Capital (22:19)
Anticipating New Fund Formation (25:20)
Challenges of Starting a Fund (28:27)
Understanding GP Counseling (31:00)
Assessing Non-Traditional Managers (34:30)
Maintaining LP Relationships (37:05)
Current Investment Opportunities and Parting Thoughts (39:25)
Fairview curates dynamic relationships for institutional investors, providing un...
2024-09-1143 min
Swimming with AllocatorsHow MetLife Won Allocation in Top GPs with Matt CurtoloHighlights from this week’s conversation include:
Matt’s Background and Experience in VC (0:10)
Challenges in Venture Capital Allocations (2:20)
Understanding the Allocator's Perspective (4:32)
Technology's Impact on Allocators (7:02)
Direct Investments vs. Outsourced CIOs (10:04)
Using Third-Party Reports for Performance Measurement (14:14)
Understanding Performance Metrics (16:12)
Venture Capital Landscape (17:50)
Insider Segment: The Importance of Diversifying Funding Sources (19:31)
Extending Your Runway and Preserving Equity (22:06)
Engaging with Camber Road (22:57)
Insurance Allocators' Strategy (24:55)
MetLife's Venture History (26:40)
Innovation Office Impact (27:53)
New Pools of Capital (31:29)
Balanced Portfolio Insights (34:25)
Investment Strategies for New Investors (34:52)
The Challenge of Investor Sentiment (37:00)
The Importance of Manager Selection (40:09)
Contrarian Investment Strategies (41:36)
Final Thoughts and...
2024-09-0447 min
Swimming with AllocatorsHow Screendoor Underwrites First-Time Fund Managers with Lisa CawleyHighlights from this week’s conversation include:
Lisa's LP Career Journey (1:05)
Changes in the Venture Capital Landscape (4:21)
Introduction to Screendoor (6:16)
GP Advisory Services Explained (8:47)
Portfolio Construction Approach (13:20)
Analyzing Fund Ones (15:53)
Investment of Time (17:44)
Common Pitfalls for First-Time Managers (21:22)
Legal and Operational Considerations (25:14)
Insider Segment: Starting a New Venture (00:27:06)
Understanding Equipment Financing (30:07)
Lessons from the 2020-2022 Debt Cycle (31:55)
Importance of Diversifying Funding Sources (36:10)
The Value of Personal Stories in Fundraising (38:39)
The Future of Venture Capital Evolution (00:44:17)
Understanding Fund Management Challenges (46:17)
Challenges Faced by LPs (48:04)
Risk Management in Fund Commitments (50:16)
Encouragement for Younger LPs (51:27)
Final thoughts and takeaways (52:09)
Lisa Ca...
2024-08-2850 min
Swimming with AllocatorsFoundry's Approach to Investing in Early-Stage VC Funds with Jaclyn Freeman HesterHighlights from this week’s conversation include:
Jaclyn’s Background and Journey in VC (0:50)
Early Experiences in Venture Capital (1:55)
Finding Edge in Venture Investing (5:16)
Decision to Institutionalize Fund Investments (8:09)
Evolution of Foundry's Investment Strategy (10:38)
Building Networks in Venture Capital (15:16)
Initial Impressions of the Venture World (16:14)
Understanding the LP World (17:51)
Evaluating People in Venture (20:39)
Adapting to a Growing Number of Funds (23:01)
Insider Segment: Advice for Fund Managers (25:49)
Opportunities for Limited Partners (27:22)
Outlook for 2024 (28:28)
Transition to Direct Investing (32:08)
Importance of Manager Relationships (35:37)
Value of a Focused Strategy (39:10)
Future of Venture Capital (43:37)
Connecting with Jaclyn and Final Thoughts (44:10)
Jaclyn Freeman Hest...
2024-08-2146 min
Swimming with AllocatorsA Novel Solution for LPs to Access Emerging GPs Biggest Winners with Sunil PaiHighlights from this week’s conversation include:
Sunil’s background in venture capital (0:11)
First Contact with DFG (2:07)
Transition to AngelList (5:02)
Insights Leading to the Collective (6:57)
Shifts in Investment Strategy (10:05)
Insider Segment: Regulatory Changes Impacting VC (12:08)
Emerging Managers and Established Firms (15:31)
Angel Collective Opportunity Fund Overview (18:19)
Manager Selection Criteria (21:11)
Pitching to Founders (23:06)
Opportunity Funds in Context (27:15)
Rate of Deployment Expectations (28:25)
Emerging Manager Market Fit (30:12)
Starting as an Angel Investor (31:43)
Challenges for LPs in Small Funds (33:51)
Advice for Aspiring VCs (35:53)
Trends Among Emerging Managers (37:42)
Final Thoughts and Takeaways (39:46)
Angel Collective Opportunity Fund is a generalist opportunity fund composed of them...
2024-08-1442 min
Swimming with AllocatorsToday’s Opportunities and Landscape in Canadian Venture CapitalHighlights from this week’s conversation include:
John’s journey from operator to allocator (0:49)
Misalignment in the Market (3:30)
RBCx’s Venture Capital Approach (5:40)
Key Insights on Fund Investing (8:33)
Strategic Advantages of RBCx (10:14)
Advice for Corporates on Fund Practices (12:47)
Building Anchor Partnerships (14:00)
Insider Segment: Challenges for Emerging Managers (17:20)
Navigating Due Diligence Processes (19:04)
LPA Considerations for Institutional Investors (21:44)
Mortgage Challenges for Founders (25:59)
Surprises of Being an LP (27:37)
Understanding the Capital Food Chain (28:26)
Exit Value Insights (30:22)
Canadian Venture Market Dynamics (34:15)
Government Support in Early Stages (36:38)
Fundraising Trends in Canada (39:14)
Exit Value to Fund Size Ratios (41:09)
Future Outlook for Canadian Venture (42:06)
Canadian Life S...
2024-08-0751 min
Swimming with AllocatorsBuilding Relationships with Asian Limited Partners with Chris Shen of Revere VCHighlights from this week’s conversation include:
Chris Shen's Background and LP Career Journey (0:52)
US-China Geopolitics, History, and MacroEconomics (3:27)
Developing Relationships with Asian Allocators (8:02)
Flavor of GP and Navigating Family Offices in Asia (11:31)
Understanding LP Motivations (16:52)
Importance of Liquidity for Investors (18:35)
Working with Corporate Venture Capital Groups (22:15)
De-risking Perception for Corporates (24:28)
Diversity of VC Ecosystem (30:53)
Insider segment: Focusing on the Innovation Economy (32:01)
Learning the ropes of venture capital (38:18)
Advice for junior investors (40:30)
Personal experiences and growth in investing (43:27)
Asian American foundation and the Committee of 100 (45:33)
C100 organization (49:57)
Connecting with Chris and Final Takeaways (50:27)
Chris Shen has over 15 ye...
2024-07-3153 min
Swimming with AllocatorsOpportunities in Today’s Secondary Market with Christopher Johnson of Knightsbridge AdvisersHighlights from this week’s conversation include:
Christopher’s Background and Journey in Venture (0:13)
Venture Capital as a Place of Hope (4:33)
Macroeconomic Trends in Venture (5:50)
Activity in the Secondary Market (7:44)
Platforms and Working with Them (12:30)
LPs' Preferences in the Market (14:37)
The role of venture capital in the global economy (16:43)
Working with institutional LPs (17:38)
Tailoring services for different client types (19:00)
Structural approach to client services (22:19)
Navigating the slow-moving venture capital landscape (24:41)
Insider Segment: Vested’s API integration (27:29)
Cold emails vs. Warm intros (00:31:55)
Looking beyond current AI trends (33:45)
Meeting etiquette and deal pitches (35:29)
Long-term relationships in venture capital (39:07)
Transitioning within ventur...
2024-07-2449 min
Swimming with AllocatorsDDQ: Megafunds Are Back; Adjusting Your LP and VC Strategy Accordingly with Earnest Sweat and Alexa BinnsHighlights from this week’s conversation include:
The Series A Crunch (0:59)
Concentration of LP Capital in Mega Funds (4:22)
Partnership Questions in VC (12:24)
Start, Bench, Cut of Alternative Investment Products (21:34)
Emergence of Solo GPs and Potential Mergers (27:56)
Debate on the Potential of 2024 as a Breakout Vintage Year (30:28)
LP Update Strategies and Being a Better Ally (33:20)
The Power Law (41:22)
The Next Novel Approach (42:53)
Venture Capital's Future (44:30)
Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned va...
2024-07-1747 min
Swimming with AllocatorsVenture Capital for the State of California with Derrick Tang of IBank CaliforniaHighlights from this week’s conversation include:
Derrick’s background in venture capital (0:19)
Transition to public sector (2:27)
The Government's role in innovation (4:55)
Public perception of government in venture capital (8:40)
Government programs for venture capital (10:48)
Constraints of public funding (13:11)
Coordination among state programs (15:18)
Purpose of public venture funds (17:14)
Supporting Underrepresented Small Businesses (17:34)
Investing in Diverse Teams (22:41)
Insider Segment: Vested’s Differentiation from Competitors (24:59)
Considerations for Pre-IPO Shares (25:35)
Thought Leaders in the LP Community (27:11)
Allocation for Diversity and Climate (29:16)
Definition of Climate Justice (31:01)
Unique Aspects of Climate Investing (34:02)
Mission and Returns in Inclusive Investing (37:30)
Fund Size and Deployment (40:35)
Final thoughts and ta...
2024-07-1044 min
Swimming with AllocatorsStarting a Public Venture Program from Scratch with Peter TenerielloHighlights from this week’s conversation include:
Peter’s background and journey Into finance (0:58)
Strategy of Institutional LPs (2:30)
Bandwidth Constraints and Time Management (5:53)
Lessons Learned from Early Stage Programs (8:01)
Criteria for Fund Managers (10:11)
Transition to Institutional LP and Governance Structure (12:56)
Challenges Faced by Institutional LPs (16:10)
Excitement about certain investment strategies (19:24)
Overview of the Kauffman Fellows program (23:04)
Insider Segment: Vested's target audience and investor interest (24:32)
Ingredients for successful LP-VC partnership (30:45)
Role of limited partners in the future of venture capital (33:24)
Proud venture capital investment (35:49)
Investing with Creativity and Conviction (38:03)
Final thoughts and takeaways (38:50)
Peter Teneriello is a multifaceted prof...
2024-07-0340 min
Swimming with AllocatorsImpact Investing: Past, Present, and Future with Margot Kane of Spring Point PartnersHighlights from this week’s conversation include:
The Growth and Evolution of Impact Investing (0:47)
Misconceptions about Impact Investing (3:34)
Impact Investing in Political Climate (7:59)
Spring Point Partners' Mission (11:07)
Venture Capital and Impact Strategy (12:28)
Assessing and Vetting Fund Managers (14:41)
Impact Labeling for Fund Managers (16:47)
Fundraising Strength and Networked Wealth (19:13)
Silicon Valley Diversity (23:03)
Shared Ownership and Participatory Investment Models (28:31)
Insider Segment: Stock Option Funding (33:33)
Climate Investment Opportunities (42:13)
Intersection of Planetary and Human Well-Being (44:06)
Community Ownership in Renewable Energy (46:04)
Industries and Investment Trends to Avoid (49:47)
Applying Historical Frameworks to Investing (55:04)
Final Thoughts and Takeaways (57:02)
Spring Point Partners is a social impact or...
2024-06-2658 min
Swimming with AllocatorsQED Chronicles: Lessons Learned from a Top VC for Selecting New Managers with Alex EdelsonHighlights from this week’s conversation include:
Alex's experience as a VC turned LP (0:51)
Insights into evaluating smaller funds (2:20)
Characteristics of a good LP (6:44)
Role of an LP as a sounding board (8:06)
Constructing an LPAC (10:39)
Continuing relationships with funds (12:15)
Pitch to LPs for Slipstream Investors (14:17)
Evaluating Emerging Managers (18:53)
Sector-Focused Funds (24:05)
Insider Segment: Navigating Venture Capital’s Evolution (25:45)
Diversification of Investment Opportunities (28:35)
Future of Venture Capital (30:38)
Fund Management and Responsibilities (34:45)
Active Investing and Fund Sourcing (35:33)
Optimal Time for Venture Investment (37:08)
Final thoughts and takeaways (38:26)
Alex Edelson is the Founder and General Partner of Slipstream Investors. Before starting Slipstream, he w...
2024-05-2940 min
Swimming with AllocatorsExpanding Your Investment Strategy to Include Venture Capital with Kate NevinHighlights from this week’s conversation include:
The Origin Story of TSWII (1:04)
Kate entering the finance industry (6:07)
Family dynamics and alignment in investing (8:28)
Transition to private investments (00:11:02)
Exploring the full spectrum of investments (15:14)
Sourcing and Early Stage Investment (18:58)
Investing in Female Managers (22:26)
Innovating for Parity (24:02)
Insider Segment: Simplifying SPVs for fund managers (26:47)
Trends in Special Purpose Vehicles (29:53)
Negotiating Terms and Warehousing Deals (32:34)
Sustaining Interest in Venture Capital (35:59)
Investing in Diversity and Community Building (36:41)
Solving Big Problems and Impact Investing (40:00)
Sourcing and Supporting Emerging Managers (43:03)
Wealth Transfer and Women's Investing (50:32)
Encouraging Women to talk about money and investing (55:31)
Final th...
2024-05-221h 00
Swimming with AllocatorsThe Strategy for Selecting Top Co-Investments as a Limited Partner with Josh PorterHighlights from this week’s conversation include:
The LA venture ecosystem (0:43)
Unique investment opportunities in LA (3:54)
Leveraging entertainment and deep tech in LA (6:42)
The Partnership between Josh and Ankeet (7:47)
Finding the right partner (9:23)
The goal of FirstLook Partners (11:35)
Fee structure of fund of funds (15:47)
Strategy Shifts and Market Validation (18:13)
Co-Investment Strategy (20:05)
Investment Thesis and Co-Investment Opportunities (21:30)
Insider Segment: Fund Administration and the Rise of Hybrid Fund Models (24:42)
Product Development and Core Focus (27:18)
Future of Venture Capital and Hybrid Fund Models (31:36)
Sourcing new managers (36:46)
Criteria for manager selection (37:41)
Unique investment strategies (38:24)
Venture allocation and market dynamics (43:40)
Challenges in decision-making an...
2024-05-1548 min
Swimming with AllocatorsHow Should Fund Managers Approach Pension Plans in Private Market Investing? Featuring Edward ComerfordHighlights from this week’s conversation include:
Edward and Earnest’s Basketball Memories (0:47)
The importance of pension investments (5:42)
How fund managers should approach pension plans (7:59)
Unique challenges of pension plans (10:41)
Role of venture in the portfolio (13:02)
Impact of public markets on venture deployment (14:14)
Looking for new managers in 2024 (16:11)
Investment vehicles (18:17)
Insider Segment: Revolutionizing Venture Capital Operations (20:44)
Fund administration best practices (23:24)
Trends in SPVs (24:52)
Warehousing deals (28:33)
Comparison and tracking of managers (31:02)
DPI and Valuation Accuracy (32:50)
Liquidity and Capital Strategies (35:06)
Zombie Funds and Succession Planning (37:44)
Venture Capital and Portfolio Diversification (44:08)
Final Thoughts and Takeaways (45:38)
The San Francisco Employees’ Retirement System...
2024-05-0848 min
Swimming with AllocatorsPrivate Detective to Private Investments: Life Lessons from Caprock’s Chris SchellingHighlights from this week’s conversation include:
Chris’ background and expertise in private market investments (0:12)
Challenges of Venture Capital (2:14)
Multifamily Offices and Client Demographics (4:42)
Advice on Participating in Alternative Investments (6:16)
Sourcing of Fund Managers (8:22)
Behavioral Finance and Market Behavior (9:45)
Opportunities in Private Credit (12:37)
Behavioral Finance in Due Diligence (13:17)
Insider Segment: Matching Team Talent to Capital (15:59)
Valuing People and Operations in Startups (17:36)
Market Bubbles, Crashes, and Underwriting Strategies (19:10)
Networking, Learning, and Building Brand (24:39)
Impact of Institutionalization on Private Investments (26:31)
Negotiating with Fund Managers (29:36)
Adapting Criteria for Fund Managers (32:21)
Fun Fact: Chris’ Private Detective Days (33:15)
Final Thoughts and Takeaways (35:45)
Caprock...
2024-05-0139 min
The Sure Shot EntrepreneurFamily Office with Three Sisters Finds Alpha Through VCsAlexa Binns, a seasoned investor and marketer, takes us through her remarkable journey from non-profit roots to establishing herself as a venture capital investor, overseeing her family office alongside her three sisters. Drawing from her dual roles as an angel investor and limited partner, Alexa provides invaluable insights for founders and venture capitalists alike, enriching the conversation with her wealth of experience and perspective.In this episode:[2:03] Alexa’s path to venture capital: Discover how Alexa transitioned from her role in a non-profit organization to making her mark in the competitive world of venture capital....
2024-04-3030 min
Swimming with AllocatorsContinuous Improvement: How to 10x Your LP and VC Processes with Jason CalacanisHighlights from this week’s conversation include:
Jason’s background as an LP (0:27)
Learning as an LP (3:00)
Deal Flow and Decision Making (4:54)
LP Archetype and Relationship Building (9:07)
Venture Investment Strategy (10:55)
Communication and Strategy (14:48)
Different Investor Preferences (16:25)
Predatory Behavior in Acquisitions (18:49)
Insider Segment: Advice for Entering the Venture Capital Industry (23:53)
The Future of Venture Capital (26:40)
Jason's Fund Strategy (30:39)
Defining Success and Legacy (32:45)
Early Success and Process (35:14)
The Future of Startups (40:31)
LPs and GPs Relationship (43:10)
Jason's Philosophy on Success (46:44)
Jason's Process and Parting Advice (49:29)
Jason Calacanis is an American Internet entrepreneur, angel investor, and podcaster known for his keen insi...
2024-04-2452 min
Swimming with AllocatorsStart, Bench, or Cut: Which Emerging Manager Archetype Do You Want on Your Team?Highlights from this week’s conversation include:
Themes from Allocators (1:29)
Opportunities and Market Trends (5:49)
Debate on Venture Returns and Fund Strategies (8:22)
Opportunity and Market Bifurcation (13:13)
Game: FMK - Fund Manager Scenarios (15:24)
Discussion of the value of a founder's experience and relationships (19:35)
Investor Archetypes (20:48)
Flight Risk of GPs (22:55)
VC Contraction (25:50)
LPs and Founders' Perspective (29:06)
Sourcing, Selection, and Support (32:23)
Support for Founders (33:11)
The AI tool for due diligence (34:05)
First-time fund manager's dilemma (35:19)
What LPs should ask GPs (38:14)
Nostalgia in the VC industry (42:17)
Reflection on the industry's inflection point (44:34)
Final thoughts and takeaways (45:27)
Swimming with Allocators is a podcast that di...
2024-04-1747 min
Swimming with AllocatorsEric Sippel the Emerging Manager Mentor: Guidance from the Family Office Investor on Twelve LPACsHighlights from this week’s conversation include:
Eric’s background in venture and investing (0:02)
Lessons from a Bottom Decile Experience (2:20)
Motivation to Enter the Venture Capital Space (3:45)
Challenges for New LP Allocators (6:08)
Supporting Emerging Managers (7:35)
Specialists vs. Generalists (10:53)
Judging New Fund Managers (16:24)
Attributes for Winning in Fund Management (18:57)
Insider Segment: Building Teams in Venture Capital (21:00)
Starting in Venture Capital (27:02)
Future of Venture Capital (28:14)
Finding Family Offices (31:16)
Investing through fund of funds (34:32)
Engagement with LPAC (38:02)
Follow-on strategy and tiered investment (40:24)
Challenges and advice for emerging managers (45:03)
Eric Sippel is an esteemed philanthropist and investor. He currently runs his fami...
2024-04-1047 min
Swimming with AllocatorsThe Deck Deluge: Boris Wertz’s Journey Through 200 Decks from Emerging Managers Raising TodayHighlights from this week’s conversation include:
Boris’ Reasoning for Investing in Emerging Managers (0:57)
Wrong Reasons for VC Investment in Emerging Managers (3:15)
Funding Strategy at Version One (4:28)
Motivation for GP Level Investments (5:27)
Areas of Interest for Investments (6:59)
Relationship with Fund Managers (8:24)
How One Tweet Generated an Overwhelming Response (11:56)
Insider segment: Building Successful Teams with Ownership and Accountability (14:13)
Trends in VC (24:32)
Climate and Tech Funds (26:48)
Investing in Climate (28:55)
Fundraising Strategies (29:53)
Advice for Emerging Managers (32:10)
Fundraising Tactics (35:40)
The LP Investment Mindset (37:53)
Importance of Conviction in Risky Asset Classes (39:28)
Success Stories and Non-traditional Paths (40:02)
Selecting Emerging Managers (41:13)
Final thoughts and takeaways (43:33)
Bo...
2024-04-0346 min
Swimming with AllocatorsWhy Invest in Early-Stage Key-Node VCs with Frank TannerHighlights from this week’s conversation include:
The Venture Landscape (0:23)
Investing in Venture (3:18)
The Evolution of Venture (5:16)
Rise of Key-Nodes (8:38)
Challenges and Opportunities for Key-Nodes (12:36)
Criteria for Micro VCs (18:35)
Selecting and Supporting Venture Capitalists (18:51)
Examples of Successful Fund Managers (25:14)
Misconceptions in Working with Organizations (27:38)
Insider Segment: The Role of Technology in AltAssets (31:25)
The syndicate vs fund structure (36:08)
Misconceptions about venture capital (37:26)
Selecting and evaluating early stage funds (39:32)
Challenges in selecting venture capital managers (41:44)
Novel strategies and considerations in venture capital (44:31)
Hype cycles and emerging trends in venture capital (45:54)
Connecting with Frank and Morgan Creek Capital (48:20)
Final thoughts and ta...
2024-03-0651 min
Swimming with AllocatorsHow Company Creation Funds Outperform Traditional Venture Capital with Sarah AndersonHighlights from this week’s conversation include:
Sarah's background in innovation and corporate partnerships (1:02)
Challenges with Corporate Partners and Innovation (5:06)
Strategic Corporate LPs and their Sustainability (7:23)
Recognizing a Different Business Model (9:54)
Insider Segment: The Role of SPVs and Opportunity Funds (15:56)
Venture studio landscape (17:57)
Advantages of company creation (19:12)
Criteria for Selecting Fund Managers (22:09)
Backed funds and their qualities (23:56)
Mistakes in company creation (26:37)
Gender disparities in company creation (32:09)
Benchmarking founder worth (35:11)
Early exits and company creation (36:02)
High potential asset class (38:27)
Final thoughts and takeaways (39:14)
Vault Fund was founded in 2021 and invests exclusively in company creation entities (“company creators”), otherwise known...
2024-02-2841 min
Swimming with AllocatorsFrom the Other Side: What Sapphire Partners Wishes More VC Managers Knew Featuring Nate LeungHighlights from this week’s conversation include:
Nate’s background and journey in VC (0:46)
Sapphire’s Approach (1:36)
Emerging Managers Program (4:30)
Criteria for Evaluating Managers (8:02)
Assessing Established Fund Managers (11:58)
Partnership Dynamics (14:48)
Market Trends and Observations (16:50)
Increasing Specialization in Allocators (17:54)
Impact of Liquidity on Secondaries (18:56)
Perception and Reality of Secondaries (22:18)
The Partnership Principle in Investments (24:34)
Trends in Fund Formation (28:39)
Building Long-Term Relationships (32:43)
Early Investments and Relationship Building (33:20)
Outlook on Venture Landscape (35:10)
Criteria for Engagement (37:33)
Sapphire Partners has been investing in early-stage venture capital funds since 2012 and seeks to identify and support the “New Elite'' managers across the US, Europe and Isra...
2024-02-2138 min
Swimming with AllocatorsTranslating Silicon Valley Venture for Brazilian Multifamily Offices with Avanish SahaiHighlights from this week’s conversation include:
Avanish’s background and experience in venture (1:16)
Diligence and Relationship Building (3:21)
Allocation and Time Horizon (5:32)
Insider Segment: Exploring the Canopy Platform with John Lang (8:17)
Investment Comfort and Expertise (15:23)
LP Investments in Venture Capital (18:47)
Venture Partner Role (20:18)
Portfolio Construction and Investment Philosophy (23:51)
Trends in AI and Cybersecurity (26:40)
International Market Opportunities (29:51)
Bullish on Venture Capital and Macro Events (32:11)
Final thoughts and takeaways (35:38)
Avanish Sahai is a former technology executive with experiences in product, marketing, and ecosystems. He has held leadership positions at both early-stage and established companies including Oracle, Salesforce, ServiceNow, and Goog...
2024-02-1439 min
Swimming with AllocatorsVenture Capital: Build a Profitable VC Position through a Correction Featuring David York of Top Tier Capital PartnersHighlights from this week’s conversation include:
David’s background and journey to founding Top Tier (1:38)
Confidence in Fund to Fund Strategy (6:35)
Technology Consumption and Venture Capital (11:53)
Insight into the Secondary Market (15:22)
Private Equity Secondary Space (17:23)
Investing in Emerging Managers (22:33)
Seed Investing and Portfolio Construction (25:42)
Understanding Underlying Portfolios (29:18)
Generalist vs. Specialist Strategies (31:11)
The technology stack reinvention (00:34:41)
Venture capital and exciting changes (35:42)
Insider Segment: SVB's commitment and offerings (40:29)
Advice for emerging managers (41:19)
Venture capital allocation and duration (45:06)
Minority-based managers and diversity (47:28)
Connecting with Top Tier (52:29)
Top Tier Capital Partners is a venture capital specialist managing niche-focused funds of fund...
2024-02-0754 min
Swimming with AllocatorsThe Case for LP Allocation and GP Conviction in Venture with Sam SadowskyHighlights from this week’s conversation include:
Sam’s journey into VC (1:33)
Underwriting for financials and human beings (4:04)
Value add and vision for the firm (7:54)
Opportunity in non-trendy categories (12:09)
Lessons from Climate 10 (13:17)
Insider segment: State of markets for the innovation economy (15:39)
Venture Ecosystem Model (19:23)
Underwriting and Conviction Building (21:54)
Advice for Allocators (24:09)
LP's Management Process (26:43)
Predictions for the Venture Asset Class (29:31)
US Managers and International Markets (32:47)
Final thoughts and takeaways (33:39)
Sam Sadowsky is a Partner at Twelve Hundred, an early-stage investment platform investing in fund managers and founders building companies shaping the future of humanity. The long-term vision of T...
2024-01-3136 min
Swimming with AllocatorsStrategies for Overcoming Bias in Asset Management with Daryn Dodson of Illumen CapitalHighlights from this week’s conversation include:
Illumen Capital's Approach (0:48)
Research on Biases in Investment Process (1:23)
Influence of Historical Figures (3:37)
Previous Experiences Shaping Approach (5:39)
Illumen Capital's Strategy (7:19)
Challenges and Recommendations for Managers (10:07)
Personal Stories and Motivations (14:02)
Criteria for New Managers (16:36)
Learning from Fund One to Fund Two (20:27)
Bias reduction and systemic inequality in investing (21:01)
Challenges and opportunities for overlooked asset managers (25:49)
Insider segment: Future of venture and market trends (29:06)
Venture landscape and impact of interest rates (37:13)
The systemic inequality in investing (42:47)
Final thoughts and takeaways (44:58)
Illumen Capital is a Black-owned and led manager dedicated to achieving racial an...
2024-01-2446 min
Swimming with AllocatorsThe Future of Funding: Outlining the Female VC Advantage with Renata Aráuz-DeStefano of Pivotal VenturesHighlights from this week’s conversation include:
Renata’s journey into investing (1:21)
Impact of Previous Experiences on Renata's Role (4:22)
Pivotal Ventures' Unique Approach (7:56)
Relevance in Current Market (10:34)
Market Trends and Venture Trends (11:54)
Innovative Approaches in VC (15:17)
Challenges for Women in Fundraising (18:26)
Women-led funds facing challenges (19:14)
Supporting fund managers (21:12)
Tracking data points for managers (22:58)
Misconceptions about impact investing (24:51)
Remaining open-minded and evolving (26:30)
Final thoughts and takeaways (28:02)
Founded by Melinda French Gates, Pivotal Ventures accelerates social progress in the United States by removing barriers that hold people back. Pivotal Ventures expands opportunity and accelerates equality in the United States thro...
2024-01-1730 min
Swimming with AllocatorsDDQ: Discuss, Debate & Question VC Predictions for 2024 with Alexa Binns and Earnest SweatHighlights from this week’s conversation include:
Discussing the Changes in 2023 and Lessons Learned (0:02)
Mapping LP Slots and Strategic Time Spending (4:22)
Momentous Changes in the Venture Capital Asset Class (7:55)
Uncovering Unspoken Messages from Allocators (9:17)
Venture Capital Predictions for 2024 (12:21)
Expectations for Seed and Pre-Seed Investors in 2024 (17:24)
The counter to VC and America (21:10)
Consolidation in the VC ecosystem (22:58)
Managing a zombie fund (24:34)
The rise of consumer investors (28:50)
Vertical applications for AI (33:55)
VC firms reopening funds (37:41)
Questions allocators should ask VCs (40:18)
Expansion and Experience (41:13)
Generational Change (42:12)
Emerging Managers and DQ's (44:08)
Diversity in Venture Capital (45:55)
Progress and Challenges (48:17)
Final thoughts and takeaways (48:44)
...
2024-01-1051 min
Swimming with AllocatorsBeyond the Hype: Inside the Realities and Opportunities in Venture with Chris DouvosHighlights from this week’s conversation include:
Chris’ Journey to VC (1:49)
The Vision for Micro VC (4:50)
Perspective on Finding Good Firms (6:36)
The journey in venture capital (7:31)
Changes in micro VC strategy (8:24)
Finding differentiation in investments (11:07)
The Intimate Nature of Venture Capital (15:18)
Understanding Behavioral Footprint in Venture Capital (16:11)
The Struggles of Entrepreneurs in VC (17:21)
The challenges of diligence and developing relationships (25:42)
The principal-agent problem in financial markets (29:40)
Insider Segment: Law firms and changing services for GPs (30:37)
The future of venture (32:30)
Venture as a business of heartbreak (37:42)
Finding the Balance (38:59)
Considering Alternative Paths (40:41)
Ahoy Capital is a boutique fund mana...
2024-01-0346 min
Swimming with AllocatorsInvesting Ahead of the Curve: Wisdom from a Futurist with Roxane GooginHighlights from this week’s conversation include:
The Ten Year Treasury and its Role in Booms (1:51)
The End of an Era and the Impact of COVID-19 (5:09)
Shocking Revelation of the Ten-Year Yield (9:31)
Reset and Retooling (11:05)
LP Perspective on Venture (13:11)
Investing in Legacy Assets (15:21)
Insider Segment: New and Emerging Trends for LPA (16:37)
Raising capital in the current market (19:25)
Limited partner agreement terms (20:38)
Necessary skills for managers in the next decade (22:05)
The time of opportunity (29:50)
Safety is danger (30:52)
Roxane Googin is a world renowned authority on macroeconomic technology trends and the Chief Futurist of the fintech venture firm Group 11. Pr...
2023-12-2732 min
Swimming with AllocatorsMastering Venture Capital in Public Pensions with Tony MeadowsHighlights from this week’s conversation include:
Tony's background and entry into institutional investing (1:26)
Approaching co-investments and the process at PSERS (3:16)
Manager selection process and portfolio construction (6:07)
Constructing the private equity portfolio (10:45)
Timing and relationship with new managers (12:52)
Insider Segment: How could emerging managers benefit from general counsel? (15:27)
The importance of track record for LPs (16:48)
The first female-owned private equity fund (18:22)
The GP Selection Process (18:58)
Importance of Deal Flow and Proprietary Deal Flow (23:08)
LP to LP Relationships (24:42)
Consolidation in Distressed Markets (28:59)
Final thoughts and takeaways (00:29:42)
Tony Meadows, a seasoned Portfolio Manager with over 17 years of experience in in...
2023-12-2031 min
Swimming with AllocatorsThree Key Criteria for Evaluating Venture Capital Managers: Decision-Making, Specialization, and Operations with Michael Ashley Schulman of Running Point CapitalHighlights from this week’s conversation include:
The origin story of Running Point Capital (1:11)
Transition from public stocks to venture (4:30)
Running Point's unique investment philosophy (7:13)
Building a Due Diligence Network (8:57)
Fostering Long-Term Relationships (10:23)
Advice for Managers Launching Their First Fund (14:07)
Challenges and opportunities for family offices (19:21)
Criteria for selecting venture capitalist managers (21:42)
ESG vs. impact investing (24:18)
Building and Selling Companies in Challenging Times (30:35)
Final thoughts and takeaways (31:35)
Running Point Capital is a multifamily office that provides a comprehensive and personalized approach to financial management. Their team of experts, covering various disciplines, collaborates to address the diverse financial ne...
2023-12-1333 min
Swimming with AllocatorsHow Nomad's Thinking Has Changed in Manager Selection with Jordan Nel of Hummingbird VenturesHighlights from this week’s conversation include:
The background for Hummingbird and Nomad (1:10)
How to identify outlier venture funds (3:30)
The shift from winning to picking (6:16)
The signal in the track record (9:08)
Changing the venture landscape (12:26)
Competitive edge in venture investing (14:46)
Limited Partner expectations for reupping (17:56)
Scaling VC Funds and Staying Generalist (18:59)
Effective Communication and Brand Strategy (22:21)
The argument against most fund of funds (26:08)
Opportunities in deep tech (28:30)
Advice for fellow LPs and fund managers (31:26)
Hummingbird Ventures is a global generalist seed investment fund, investing in outlier founders at the earliest stage of their journey. With a mission to...
2023-12-0633 min
Swimming with AllocatorsThe Overlooked Alpha in This Next Decade of Venture with Claude Grunitzky and Adrienne Rees of The Equity AllianceHighlights from this week’s conversation include:
The Equity Alliance Origin Story (2:22)
Starting with a Proof of Concept Fund (4:41)
Investment Strategy and Manager Selection (6:23)
Platform Management and Supporting Emerging Managers (11:29)
The Equity Alliance's Special Sauce (12:58)
Tracking Data for Success (14:51)
Insider Segment: The Future of Venture Capital (18:04)
The reversion to a focus on cash (22:07)
Consolidation in the market and potential opportunity (23:57)
The pressure on diverse managers and the increase in overall quality (27:03)
The challenge for institutional LPs in investing in diverse emerging managers (30:23)
The benefits of a fund of funds strategy for institutional LPs (31:32)
The importance of authenticity when ta...
2023-11-2937 min
Swimming with AllocatorsHow 2023 Has Reshaped the Landscape for VC Firms with Winter Mead of Coolwater CapitalHighlights from this week’s conversation include:
The journey in institutional investments (2:04)
Perspectives on Venture Captial (3:50)
Becoming a coach for emerging managers (5:50)
The Manager Accelerator Program (9:18)
Functions of a VC Firm (12:42)
Insider Insight: Tim Flannery on the need for Electronic Subscription Documents (13:27)
Finding investors (16:45)
The Evolution of Venture Capital (19:37)
Supporting Emerging Managers (22:24)
The rise of fund formation (24:38)
Shift in market dynamics (26:36)
The selection process for managers (33:00)
Trends and shifts in the industry (35:19)
The mismanagement of portfolio construction and reserves (40:43)
The need for increased specialization in fund formation (41:35)
The potential rise of specialized venture funds (42:36)
Final thoughts and takeaways (45:45)
...
2023-11-2246 min
Swimming with AllocatorsInvesting in Change: Making the Case for Investing in Venture Capital Featuring Alifia Doriwala of RockCreekHighlights from this week’s conversation include:
The importance of outsourced CIO services (0:24)
Common mistakes fund managers make when fundraising (2:02)
The future of venture investing and sectors to get disrupted (6:35)
The importance of talking to people across different fields (8:36)
Managing portfolios with an asset allocation that includes private equity (10:28)
Changing views on venture investing among institutional investors (12:59)
The importance of understanding fund strategy (16:46)
The need for a premium return in private markets (17:20)
Vetting managers in the venture space (17:42)
Special Segment from Our Industry Expert: Tim Flannery of Passthrough (19:05)
The importance of focus in portfolio management (28:12)
Challenges for established fi...
2023-11-1537 min
Swimming with AllocatorsWelcome to Swimming with Allocators!Swimming with Allocators dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com. See you later, Allocator! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
for information about our collection and use of personal data for
...
2023-10-2302 min
DueDash Investability Podcast#2: Investor Alexa Binns from Halogen Ventures - Supporting women entrepreneurshipIn this episode, Parul is interviewing Halogen Ventures partner Alexa Binns. Halogen Ventures is an early-stage venture capital fund investing in consumer technology companies led by women. Learn how they support women entrepreneurship and what they want to see in founders they invest in.
2022-05-0329 min
Startup Success: A Podcast for Founders & InvestorsExpert Insights Into the Consumer Startup Ecosystem & the Interplay Between Equity & Debt w/ Alexa Binns & Marc ZablatskyA lot has changed in the consumer startup market over the last couple of years. For one, SaaS enterprise investors who had dipped their toes into the consumer space are now starting to back away.But venture funding isn’t the only way to grow a consumer brand and startup.In this episode, we’re joined by two experts in the consumer startup space, Alexa Binns, Partner at Halogen Ventures, and Marc Zablatsky, CFO and Managing Director of Burkland’s Consumer Group.They highlight some alternative financial avenues that are available to consumer startup founde...
2022-02-2221 min
Next Wave Leadership PodcastAlexa Binns, a Partner at Halogen Ventures, On: The Two Sides of Venture Capital, Partnering With Founders To Build Their Culture, and Making Decisions With Imperfect InfoAlexa Binns is an investor with an eye for consumer trends and new technology. She is a Partner at Halogen Ventures, an early-stage venture capital fund that focuses on women-led businesses. She has an extensive background in startups, working as a Sr. Associate at Maven Ventures and a Partner at Borden Binns. Her earlier work was in business development and digital media. She helped launch the Cheeky brand at Target and public health campaigns with MTV, Walgreens, and the NBA. In this episode… Venture capital is a field that requires an immense amount of leadership. It...
2022-01-0328 min
Curiosity WeeklyIt’s “Patient O,” Not “Patient Zero”Learn about how patient O became patient zero, what it takes for a species to evolve twice, and how pesky fruit flies keep getting into your garbage.
Please nominate Curiosity Daily for Best Technology & Science Podcast in the 2020 Discover Pods Awards! It's free and only takes a minute. Thanks so much! https://awards.discoverpods.com/nominate/
It's "Patient O," Not "Patient Zero" by Ashley Hamer
Researchers Clear “Patient Zero” From AIDS Origin Story. (2016, October 26). NPR.Org. https://www.npr.org/sections/health-shots/2016/10/26/498876985/mystery-solved-how-hiv-came-to-the-u-s
Worobey, M., Watts, T. D., McKay, R. A., Suchard, M. A., Granade, T., Teuwen, D. E., Koblin, B. A...
2020-10-0900 min