E70: How VC Fund of Funds Work with Alex Edelson

Alex Edelson, Founder of Slipstream Investors, sits down with David Weisburd to discuss the benefits and tradeoffs of investing in venture capital fund of funds. They also touch on Slipstream’s investment thesis, portfolio construction, and due diligence process. (0:00) Introduction to Alex Edelson and Slipstream's investment strategies (1:40) Slipstream's portfolio construction and time diversification (3:26) Overcommitting and trade-offs in fund of funds strategy (6:29) Reasons and ideal diversification for investing in a fund of funds (8:46) Fund manager diligence process (12:21) Sponsor: 10xcapitalpodcast.com (13:43) Importance of founder references and long-term institutional commitments (18:10) Valuing honesty, transparency, and relationship building in GPs (19:22) Outro, final thoughts, and upcoming guest announcement (19:35) Sponsor: Wealthfront (20:10) Sponsor: Fundrise