Log in

goodpods headphones icon

To access all our features

Open the Goodpods app
Close icon
How I Invest with David Weisburd - E1: Chris Douvos | Venture compared to other asset classes, the Solo GP phenomenon, and Chris's investing thesis

E1: Chris Douvos | Venture compared to other asset classes, the Solo GP phenomenon, and Chris's investing thesis

07/16/23 • 50 min

How I Invest with David Weisburd
David Weisburd and Erik Torenberg sit down with LP Chris Douvos, founder of Ahoy Capital and formerly Princeton Endowment.

If you’re ready to level-up your startup or fund with AngelList, visit https://www.angellist.com/tlp to get started.

RECOMMENDED PODCAST

Founding a business is just the tip of the iceberg; the real complexity comes with scaling it. On 1 to 1000, hosts Jack Altman and Erik Torenberg dig deep into the inevitable twists and turns operators encounter along the journey of turning an idea into a business. Hear all about the tactical challenges of scaling from the people that built up the world’s leading companies like Stripe, Ramp, and Lattice. Our first episode with Eric Glyman of Ramp is out now: https://link.chtbl.com/1to1000

RECOMMENDED PODCAST

Every week investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Subscribe to “The Riff” with Byrne Hobart and Erik Torenberg: https://link.chtbl.com/theriff

The Limited Partner Podcast is part of the Turpentine podcast network. Learn more: Turpentine.co

SPONSOR

The Limited Partner Podcast is proudly sponsored by AngelList. -If you’re in private markets, you’ll love AngelList’s new suite of software products. -for private companies, thousands of startups from $4M to $4B in valuation have switched to AngelList for cap table management. It’s a modern, intelligent, equity management platform that offers equity issuance, employee stock plan management, 409A valuations, and more. If you’re a founder or investor, you’ll know AngelList builds software that powers the startup economy. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.

(0:00) Episode Preview (0:56) Introducing The Limited Partner podcast (1:55) Why does Chris love venture? (3:12) What differentiates venture from other asset classes? (5:03) Risk premiums (7:40) Why is venture capital still a good asset class today? (8:50) Why does a fund of funds make sense? (10:50) Chris' fund manager thesis? (13:45) The ecosystems Chris finds potential managers to back in (16:47) Sponsor: AngelList (18:00) Will venture be needed as companies become easier to build? (23:05) Data scientists as the best investors in the next decade (25:10) Is AI a revenue-generator or a cost-cutter? (26:03) Solo GPs over the next few years (27:58) The lifecycle of a venture fund (33:45) Large fund sizes and their returns (35:15) Chris' reflections on crypto (37:14) Unintuitive venture capital hacks (40:41) Questions to ask fund managers before investing (43:01) Will we see another YC? (46:11) Advice for family offices or institutions direct investing alongside funds (47:35) #OpenLP and transparency in the LP ecosystem
plus icon
bookmark
David Weisburd and Erik Torenberg sit down with LP Chris Douvos, founder of Ahoy Capital and formerly Princeton Endowment.

If you’re ready to level-up your startup or fund with AngelList, visit https://www.angellist.com/tlp to get started.

RECOMMENDED PODCAST

Founding a business is just the tip of the iceberg; the real complexity comes with scaling it. On 1 to 1000, hosts Jack Altman and Erik Torenberg dig deep into the inevitable twists and turns operators encounter along the journey of turning an idea into a business. Hear all about the tactical challenges of scaling from the people that built up the world’s leading companies like Stripe, Ramp, and Lattice. Our first episode with Eric Glyman of Ramp is out now: https://link.chtbl.com/1to1000

RECOMMENDED PODCAST

Every week investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Subscribe to “The Riff” with Byrne Hobart and Erik Torenberg: https://link.chtbl.com/theriff

The Limited Partner Podcast is part of the Turpentine podcast network. Learn more: Turpentine.co

SPONSOR

The Limited Partner Podcast is proudly sponsored by AngelList. -If you’re in private markets, you’ll love AngelList’s new suite of software products. -for private companies, thousands of startups from $4M to $4B in valuation have switched to AngelList for cap table management. It’s a modern, intelligent, equity management platform that offers equity issuance, employee stock plan management, 409A valuations, and more. If you’re a founder or investor, you’ll know AngelList builds software that powers the startup economy. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.

(0:00) Episode Preview (0:56) Introducing The Limited Partner podcast (1:55) Why does Chris love venture? (3:12) What differentiates venture from other asset classes? (5:03) Risk premiums (7:40) Why is venture capital still a good asset class today? (8:50) Why does a fund of funds make sense? (10:50) Chris' fund manager thesis? (13:45) The ecosystems Chris finds potential managers to back in (16:47) Sponsor: AngelList (18:00) Will venture be needed as companies become easier to build? (23:05) Data scientists as the best investors in the next decade (25:10) Is AI a revenue-generator or a cost-cutter? (26:03) Solo GPs over the next few years (27:58) The lifecycle of a venture fund (33:45) Large fund sizes and their returns (35:15) Chris' reflections on crypto (37:14) Unintuitive venture capital hacks (40:41) Questions to ask fund managers before investing (43:01) Will we see another YC? (46:11) Advice for family offices or institutions direct investing alongside funds (47:35) #OpenLP and transparency in the LP ecosystem

Next Episode

undefined - E2: Jordan Stein | How Cresset Partners Raised $40B, Invested in Andreessen Horowitz + Founders Fund

E2: Jordan Stein | How Cresset Partners Raised $40B, Invested in Andreessen Horowitz + Founders Fund

David Weisburd sits down with Jordan Stein, Director of Venture Capital at Cresset Partners. a large multifamily office with over $45 billion in assets under management and a prolific limited partner and storied venture franchises, including Andreessen Horowitz, Lightspeed, and Founders Fund.

This podcast is proudly sponsored by Angellist. Visit www.angellist.com/tlp if you’re ready to level up your startup or fund.

RECOMMENDED PODCAST:

Founding a business is just the tip of the iceberg; the real complexity comes with scaling it. On 1 to 1000, hosts Jack Altman and Erik Torenberg dig deep into the inevitable twists and turns operators encounter along the journey of turning an idea into a business. Hear all about the tactical challenges of scaling from the people that built up the world’s leading companies like Stripe, Ramp, and Lattice. Our first episode with Eric Glyman of Ramp is out now: https://link.chtbl.com/1to1000

RECOMMENDED PODCAST:

Every week investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Subscribe to “The Riff” with Byrne Hobart and Erik Torenberg: https://link.chtbl.com/theriff

The Limited Partner Podcast is part of the Turpentine podcast network. Learn more: Turpentine.co

X:

  • @dweisburd (David)
  • @eriktorenberg (Erik)
  • @cresset_capital (Cresset)

LINKS:

SPONSOR:

The Limited Partner Podcast is proudly sponsored by AngelList. -If you’re in private markets, you’ll love AngelList’s new suite of software products. -for private companies, thousands of startups from $4M to $4B in valuation have switched to AngelList for cap table management. It’s a modern, intelligent, equity management platform that offers equity issuance, employee stock plan management, 409A valuations, and more. -If you’re a founder or investor, you’ll know AngelList builds software that powers the startup economy. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.

(0:00) Episode Preview (1:28) Allocating the venture capital space (5:29) Building his portfolio (8:56) Evaluating emerging managers (13:05) Main mistakes for first-time LPs (15:20) Sponsor: AngelList (16:27) Concerns of VC in 2023 (18:40) Range of allocators (23:30) Practices and mistakes in co-investing (27:04) Co-invest programs (31:03) Cresset Partners

Episode Comments

Generate a badge

Get a badge for your website that links back to this episode

Select type & size
Open dropdown icon
share badge image

<a href="https://goodpods.com/podcasts/how-i-invest-with-david-weisburd-273582/e1-chris-douvos-venture-compared-to-other-asset-classes-the-solo-gp-ph-33050158"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to e1: chris douvos | venture compared to other asset classes, the solo gp phenomenon, and chris's investing thesis on goodpods" style="width: 225px" /> </a>

Copy