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.
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(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
How I Invest with David Weisburd