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Venture Firms vs Asset Management Firms
This chapter discusses whether venture firms will evolve to become asset management firms or not. It explores unique partnership structures and argues that while these firms exist, they are not likely to be the norm in the venture industry.
In this episode of Turpentine VC, Ali Hamed, Partner at CoVenture, joins Erik Torenberg to discuss the advantages of investing across asset classes, CoVenture’s inflection points, the importance of being liked in venture, and asset classes Ali hopes to invest in in the future. If you’re looking for an ERP platform, check out our sponsor, NetSuite:http://netsuite.com/turpentine
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RECOMMENDED PODCAST: History 102 with WhatifAltHist
Every week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.
Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihm
Apple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913
YouTube: https://www.youtube.com/@History102-qg5oj
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Join our free newsletter to get Erik's top 3 insights from each episode: https://turpentinevc.substack.com/
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RELATED SHOWS: The Limited Partner
If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner
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X / TWITTER:
@AliBHamed (Ali)
@coventurevc (CoVenture)
@eriktorenberg (Erik)
@Turpentinemedia
@TurpentineVC
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TIMESTAMPS:
(00:00) Intro
(01:25) CoVenture in a Nutshell
(03:22) How CoVenture Succeeds in Credit
(06:50) Hard Conversations VCs Should Be Having
(10:01) How CoVenture Differentiates
(11:16) Venture Firms Getting Into Multiple Asset Classes
(14:19) Team Building and CoVenture's Future
(23:37) Future of CoVenture Continued
(28:24) Ali on Crypto
(31:07) Why LPs Are More Comfortable Giving Money to Big Brand VCs
(35:50) The Future of Venture
(37:41) The Evolution of Coventure
(44:27) Starting Over in 2024
(52:51) Wrap
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Listen to the best highlights from the podcasts you love and dive into the full episode