E49: Top Tier Capital Founder David York on 30 Years in Venture

David York, Founder of Top Tier Capital Partners, sits down with David Weisburd to discuss Top Tier Capital's history of success, the value of partnership, and generational transfers. They also delve into their experiences with Limited Partners, the risks and rewards of backing GP "spinouts", and share reflections on David York’s 30 years in the VC industry. (0:00) Introduction and Portfolio construction strategy (0:15) Why top tier is a better partner and concerns about future company DNA (1:39) Deep dive into Portfolio construction (3:08) Strategies for different funds and minimizing the J curve (4:26) Analyzing Europe's valuation and tech growth (7:24) The role of branding for fund to funds and GP relationships (10:06) Advice for new institutions and maintaining relationships with LPs (14:54) Sponsor: Deal (15:25) The potential in spinouts and the third, third, third strategy (18:22) The significance of pension funds and anchor investors (21:29) Key lessons and insights from David York's experience (22:02) Venture capital ownership dynamics and top-tier investment scarcity (23:49) Final thoughts on Portfolio construction and chaos management (25:25) Announcement of new 10X Capital newsletter