This Week in Startups is brought to you by…

Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.

Northwest Registered Agent. When starting your business, it's important to use a service that will actually help you. Northwest Registered Agent is that service. They'll form your company fast, give you the documents you need to open a business bank account, and even provide you with mail scanning and a business address to keep your personal privacy intact. Visit http://northwestregisteredagent.com/twist to get a 60% discount on your next LLC.

LinkedIn Marketing. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to http://linkedin.com/angelpod

*

Today’s show:

Joshua Berkowitz joins Jason discuss the critical role of LPs in venture capital, his family office's diversification into the field (4:37), strategies for evaluating and selecting fund managers (14:26), and the intricacies of fund management and fundraising (30:41).

*

Timestamps:

(0:00) Berkocorp’s Joshua Berkowitz joins Jason

(4:37) Why family offices diversify into venture capital - higher returns, high dispersion of returns, and the entrepreneurial aspect

(9:32) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist

(10:59) Evaluating emerging managers - looking for exceptional strategies and execution

(14:26) Decision making processes at venture firms - consensus vs individual decision-making.

(19:56) What a VC fund has to do to be successful

(25:48) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist

(26:41) Pros and cons of GPs being very vocal/political on social media

(30:41) Quick disqualifications when evaluating new VC funds and challenges with GP "tourism"

(34:59) LinkedIn Marketing - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod

(36:20) What kills companies - "likely winners" vs "definitive winners"

(58:42) Clarity in the process for GPs raising funds from LPs

*

Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

*

Check out: https://www.berkocorp.ca/

*

Thanks to our partners:

(9:32) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist

(25:48) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist

(34:59) LinkedIn Marketing - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod

*

Follow at:

X:

https://twitter.com/berkowitz_josh

https://twitter.com/Jason

*

LinkedIn:

https://www.linkedin.com/in/jasoncalacanis

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason’s suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast