E26: Winter Mead of Coolwater on Building the YC for GPs

Winter Mead, Founder and CEO of Coolwater Capital sits down with David Weisburd to discuss the importance of emerging managers and how Coolwater Capital is building the YC for GPs.

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(0:00) Introduction and common mistakes by managers (0:58) Creation and insights from CoolWater Capital and Hal Capital (4:21) Venture vs. other asset classes and its evolution (8:39) Scaling and positive selection of managers at CoolWater (14:37) Sponsor: Bidav Insurance Group (17:23) Traits of successful emerging managers and psychological predictors (20:37) Investment strategies during COVID and CoolWater cohort overview (22:31) CoolWater's Explore, Build, and Club programs (24:42) Feedback from emerging managers and high NPS score (25:46) Fundraising mistakes and data room requirements for emerging managers (33:35) The role of compliance in fundraising (35:29) Portfolio construction strategies and follow-on policies (39:44) The impact of not doing pro rata investments (42:29) CoolWater's mission and building a community for emerging managers (44:06) Identifying committed GPs and understanding LP value-add (45:28) Networking, governance, and changing GP/LP relationship expectations (49:02) Skills for maintaining active LP relationships and closing remarks