Michael Ashley Schulman, Chief Investment Officer at Running Point Capital, sits down with David Weisburd to discuss Michael’s views on venture capital, manager selection across private asset classes, and risks/benefits of investing in spinout managers. (0:00) Venture as part investment, part psychology (0:18) Early stage venture and QSBS tax benefits (1:37) Running Point Capital Advisors and private/public allocation (3:03) Family offices vs. institutional investors (4:16) Evaluating investments: IRR vs MOIC (6:08) Managing liquidity and capital calls with software (7:00) Strategies for accessing top venture capital GPs (9:26) Due diligence and GP decision-making processes (14:16) Investing in spinouts: benefits and risks (17:36) CIO's prior experiences and final thoughts on Running Point Capital (20:11) Tax strategies and timing in M&A deals