Josh Porter, Co-Founder & General Partner at FirstLook Partners, sits down with David Weisburd to discuss FirstLook’s process for evaluating and selecting emerging managers. They also cover typical terms for co-invest, managing conflicts of interest, and the importance of strong personal relationships in venture capital.
(0:00) Importance of communication with LPs and First Look strategy
(1:13) Ideal co-investment deal dynamics and proactive process
(4:33) LP base profile and addressing conflicts of interest
(6:24) Josh Porter's background and investing philosophy
(10:15) Trust and competence in GP/LP relationships
(12:15) Trust and reference checks in the emerging manager space
(14:27) Diligence process and measuring commitment
(19:01) Value provision to non-funded managers
(20:18) Team expansion and desired qualities
(21:34) Key learnings and balancing fundraising with investing
(22:23) Importance of LP relationships and closing thoughts
(23:36) Call to action and subscription reminder
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