Konstantine Buhler from Sequoia, a veteran in venture capital and AI investment, joins Ana Marshall from the Hewlett Foundation, where she provides insights on VC dynamics. They discuss the current landscape of venture capital, where many firms are hesitating to raise new funds amidst economic challenges. The conversation shifts to Cisco's ambitious $1 billion AI fund, and they explore how AI technologies are reshaping investment strategies and startup valuations, emphasizing the critical role of nurturing early-stage startups for long-term success.

Ana Marshall, CIO of the $14 billion William and Flora Hewlett Foundation and author of 'The Climb to Investment Excellence,' shares her insights on investment management. She draws compelling parallels between extreme climbing and navigating the institutional investment landscape. Topics include the significance of collaboration and adaptability, the intricate process of portfolio construction, and the psychological challenges faced by investors. Marshall also emphasizes the value of mentorship and continuous learning in the pursuit of investment excellence.

Konstantine Buhler, Ana Marshall, and Jason Calacanis discuss VCs not raising funds, challenges for new fund managers, capital deployment, emerging managers, Cisco's $1B AI fund, AI applications, M&A vs. IPO investments, and Lightning round on latest investments

Ana Marshall, Vice President and Chief Investment Officer at The William and Flora Hewlett Foundation, shares her journey overseeing a $10.5 billion portfolio. She discusses her passion for investing, the nuances of managing charitable funds, and learning from mistakes. Topics include the evolution of investment strategies, the importance of cultural perspectives in global markets, and fostering effective team dynamics. Ana emphasizes trust and collaboration while navigating risk and asset management, along with valuable life lessons from her travel experiences.

Ana Marshall serves as the CIO for The William and Flora Hewlett Foundation, managing a $13 billion portfolio. In this conversation, she dives into the challenges of inflation and private equity dynamics. Ana discusses the complexities of investing in China and navigating emerging markets. She shares insights on evolving ESG strategies and the importance of adaptive investment approaches. Finally, she reflects on her vision for the next five years, emphasizing the need for diverse perspectives and proactive risk management to stay ahead in a shifting landscape.