The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

458. Lessons from Top Allocators, David Swensen’s Principles for Investment, Insights on Private Equity Deals, and What Strategies are Timeless vs. Fleeting (Ted Seides)

Nov 4, 2024

Ted Seides, Managing Partner of Capital Allocators and author of 'Private Equity Deals,' shares invaluable insights into the evolving world of private equity. He discusses David Swensen’s investment principles and the importance of alignment between limited and general partners. The conversation touches on effective time management strategies inspired by military principles, as well as innovative asset allocation models that enhance risk assessment. Seides also explores key traits of successful dealmakers, emphasizing empathy and negotiation skills.

47:13

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Ted Seides

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Quick takeaways

Ted Seides emphasizes the transformative impact of David Swensen's investment principles on the allocation strategies within private equity.

The evolution of private equity has led to significant growth, presenting both challenges and opportunities for investors in today’s market.

Aligning interests between limited partners and general partners is crucial for fostering transparency and achieving successful long-term investment outcomes.

Deep dives

Tovala's Success and Retail Expansion

Tovala has emerged as a leading meal kit company, achieving nine figures in revenue and profitability over three consecutive months. The company is launching its most significant retail partnership to date with Costco, a move they perceive as a perfect fit given Costco's market reach and customer base. As part of their promotional strategy, Tovala is roadshowing across the country, offering samples to highlight the quality of their meals. This retail partnership exemplifies Tovala's commitment to bringing high-quality, easy-preparation meals to a wider audience.

Intro

2min

From Yale to Hedge Funds: A Personal Investment Journey

4min

The Evolution of Private Equity: Lessons and Trends

21min

Maximizing Time and Resources: The Art of Focused Effort

2min

Streamlining Venture Capital Operations and Decision-Making Strategies

5min

Strategic Resource Allocation in Private Equity

3min

Innovative Asset Allocation Strategies

10min

Exploring Insights and Personal Growth in Venture Capital

4min

Ted Seides of Capital Allocators joins Nick to discuss Lessons from Top Allocators, David Swensen’s Principles for Investment, Insights on Private Equity Deals, and What Strategies are Timeless vs. Fleeting. In this episode we cover:

Evolution of Private Equity and Its Role in the Economy
Challenges and Opportunities in the Private Equity Industry
Impact of David Swensen and His Philosophy
Key Insights on Allocation and Alignment
Team Structure and Decision-Making in Private Equity
Innovative Models and Persistence in Private Equity
Insights on Allocation of Time and Resources

Guest Links:

The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

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