Joshua Berkowitz, Co-founder of Berkocorp, joins the podcast to discuss the critical role of LPs in venture capital and his family office's diversification into the field. They also talk about strategies for evaluating and selecting fund managers, as well as the intricacies of fund management and fundraising.

Joshua Berkowitz, Donald Stalter, and Jason Calacanis discuss Elon Musk's $6B funding for xAI, Sequoia's $6B AI round, PitchBook's report on Emerging Managers, SVB's venture portfolio, impact of investor attitude on founders, lightning round of last 3 investments, and more.

Joshua Berkowitz, an investor in venture capital as a family office, talks about the importance of IRR over TVPI as a metric for investors. They also discuss capital allocation, GP strategy fit, predicting fund returners, qualities of GPs, supporting emerging managers, effective portfolio construction, strategy creep, early-stage investing, and the benefits of family offices.