How I Invest with David Weisburd E53: Northwestern University - Harisha Haigh on Manager Selection
Mar 26, 2024
Harisha Haigh, an investment professional at Northwestern University, manages a substantial endowment focused on venture capital and crypto. In the conversation, she shares the art of relationship-building in VC, common pitfalls among top investors, and essential traits of successful venture managers. Haigh discusses Northwestern's investment strategies, highlighting the university's long-term approach to cryptocurrency and the significance of understanding market cycles. She also explores the complexities of manager selection and the dynamics shaping investment decisions.
AI Snips
Chapters
Transcript
Episode notes
Selling via Secondary Markets
- Venture capitalists should consider selling via secondary markets if a company's valuation increases tenfold.
- Crystallizing returns at this point is sensible, despite the inherent optimism of VCs.
Venture Fund Success and Exit Markets
- Evaluating a venture fund's success depends partly on the exit market's conditions.
- Venture capital investments are pro-cyclical, requiring a receptive market to realize gains.
Evaluating Venture Capital Manager Performance
- Evaluate why a venture capital manager is underperforming, specifically their capital allocation decisions.
- Consistently poor performance, especially from putting good money after bad, is a signal to divest.