Highlights from this week’s conversation include:Jason’s background as an LP (0:27)Learning as an LP (3:00)Deal Flow and Decision Making (4:54)LP Archetype and Relationship Building (9:07)Venture Investment Strategy (10:55)Communication and Strategy (14:48)Different Investor Preferences (16:25)Predatory Behavior in Acquisitions (18:49)Insider Segment: Advice for Entering the Venture Capital Industry (23:53)The Future of Venture Capital (26:40)Jason's Fund Strategy (30:39)Defining Success and Legacy (32:45)Early Success and Process (35:14)The Future of Startups (40:31)LPs and GPs Relationship (43:10)Jason's Philosophy on Success (46:44)Jason's Process and Parting Advice (49:29)Jason Calacanis is an American Internet entrepreneur, angel investor, and podcaster known for his keen insights into the tech startup ecosystem. With a net worth of approximately $100 million, he invests in over 100 startups annually through Launch.co. Calacanis also educates aspiring founders at Founder University and hosts the popular podcasts “All in Podcast” and "This Week in Startups." His notable investments include Uber and Robinhood.Armstrong International is a specialist financial services executive search firm with 30 years'​ experience across Public and Private Markets. Our consultants possess deep subject matter expertise within; Fixed Income, Equities, Private Equity, Private Debt, Digital (Data Science & Technology), Private Wealth, Corporate Finance, Real Estate, Infrastructure, Emerging Markets, Credit, FX, Emerging Markets & Commodities We are trusted by some of the world's leading financial institutions, who use us for 3 primary reasons: industry expertise, speed of hire, and ease of doing business. We like to innovate and have been at the forefront of some of the most profitable and exciting changes in the industry, including the technology revolution and the ever-expanding world of Private Markets.Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week’s conversation include:Themes from Allocators (1:29)Opportunities and Market Trends (5:49)Debate on Venture Returns and Fund Strategies (8:22)Opportunity and Market Bifurcation (13:13)Game: FMK - Fund Manager Scenarios (15:24)Discussion of the value of a founder's experience and relationships (19:35)Investor Archetypes (20:48)Flight Risk of GPs (22:55)VC Contraction (25:50)LPs and Founders' Perspective (29:06)Sourcing, Selection, and Support (32:23)Support for Founders (33:11)The AI tool for due diligence (34:05)First-time fund manager's dilemma (35:19)What LPs should ask GPs (38:14)Nostalgia in the VC industry (42:17)Reflection on the industry's inflection point (44:34)Final thoughts and takeaways (45:27)Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week’s conversation include:Eric’s background in venture and investing (0:02)Lessons from a Bottom Decile Experience (2:20)Motivation to Enter the Venture Capital Space (3:45)Challenges for New LP Allocators (6:08)Supporting Emerging Managers (7:35)Specialists vs. Generalists (10:53)Judging New Fund Managers (16:24)Attributes for Winning in Fund Management (18:57)Insider Segment: Building Teams in Venture Capital (21:00)Starting in Venture Capital (27:02)Future of Venture Capital (28:14)Finding Family Offices (31:16)Investing through fund of funds (34:32)Engagement with LPAC (38:02)Follow-on strategy and tiered investment (40:24)Challenges and advice for emerging managers (45:03)Eric Sippel is an esteemed philanthropist and investor. He currently runs his family office and is an active investor and adviser to real estate, venture capital, and hedge funds. Previously, he was the COO of Eastbourne Capital Management, a multi-billion dollar hedge fund firm, and a Partner at Shartsis, Friese & Ginsburg, where he was a nationally recognized hedge fund and venture capital lawyer.  Eric graduated from Stanford Law with Distinction and Wesleyan University with Honors in General Scholarship. Eric has served on many nonprofit boards, including his current role as Chair of Goodwill of San Francisco, San Mateo, and Marin Counties.Armstrong International is a specialist financial services executive search firm with 30 years'​ experience across Public and Private Markets. Our consultants possess deep subject matter expertise within; Fixed Income, Equities, Private Equity, Private Debt, Digital (Data Science & Technology), Private Wealth, Corporate Finance, Real Estate, Infrastructure, Emerging Markets, Credit, FX, Emerging Markets & Commodities We are trusted by some of the world's leading financial institutions, who use us for 3 primary reasons: industry expertise, speed of hire, and ease of doing business. We like to innovate and have been at the forefront of some of the most profitable and exciting changes in the industry, including the technology revolution and the ever-expanding world of Private Markets.Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week’s conversation include:Boris’ Reasoning for Investing in Emerging Managers (0:57)Wrong Reasons for VC Investment in Emerging Managers (3:15)Funding Strategy at Version One (4:28)Motivation for GP Level Investments (5:27)Areas of Interest for Investments (6:59)Relationship with Fund Managers (8:24)How One Tweet Generated an Overwhelming Response (11:56)Insider segment: Building Successful Teams with Ownership and Accountability (14:13)Trends in VC (24:32)Climate and Tech Funds (26:48)Investing in Climate (28:55)Fundraising Strategies (29:53)Advice for Emerging Managers (32:10)Fundraising Tactics (35:40)The LP Investment Mindset (37:53)Importance of Conviction in Risky Asset Classes (39:28)Success Stories and Non-traditional Paths (40:02)Selecting Emerging Managers (41:13)Final thoughts and takeaways (43:33)Boris Wertz is an entrepreneur turned investor. He is Co-Founder of AbeBooks, which sold to Amazon. And an early-stage investor and founding partner at Version One. Their Current portfolio of 100+ investments, includes Ada, Booster Fuels, Coinbase, Dapper Labs, Jobber, Outreach, Shippo, and Uniswap.versionone.vcArmstrong International is a specialist financial services executive search firm with 30 years'​ experience across Public and Private Markets. Our consultants possess deep subject matter expertise within; Fixed Income, Equities, Private Equity, Private Debt, Digital (Data Science & Technology), Private Wealth, Corporate Finance, Real Estate, Infrastructure, Emerging Markets, Credit, FX, Emerging Markets & Commodities We are trusted by some of the world's leading financial institutions, who use us for 3 primary reasons: industry expertise, speed of hire, and ease of doing business. We like to innovate and have been at the forefront of some of the most profitable and exciting changes in the industry, including the technology revolution and the ever-expanding world of Private Markets. www.armstrongint.comSwimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week’s conversation include:The Venture Landscape (0:23)Investing in Venture (3:18)The Evolution of Venture (5:16)Rise of Key-Nodes (8:38)Challenges and Opportunities for Key-Nodes (12:36)Criteria for Micro VCs (18:35)Selecting and Supporting Venture Capitalists (18:51)Examples of Successful Fund Managers (25:14)Misconceptions in Working with Organizations (27:38)Insider Segment: The Role of Technology in AltAssets (31:25)The syndicate vs fund structure (36:08)Misconceptions about venture capital (37:26)Selecting and evaluating early stage funds (39:32)Challenges in selecting venture capital managers (41:44)Novel strategies and considerations in venture capital (44:31)Hype cycles and emerging trends in venture capital (45:54)Connecting with Frank and Morgan Creek Capital (48:20)Final thoughts and takeaways (49:57)Morgan Creek Capital Management, LLC is an SEC-registered investment adviser founded with a vision of offering institutional and family office investors the same forward-looking strategies that made the large university endowments its leadership had previously managed so successful: integrating alternative investments into traditional equity and fixed income portfolios. Morgan Creek provides a customized outsourced investment office to clients in need of a targeted solution, as well as discretionary strategies to assist clients in building investment programs based on the University Endowment Model. Many members of our senior investment team have a fiduciary pedigree, having previously worked at some of the top university endowment programs in the country (Notre Dame, UNC-Chapel Hill, Duke and Stanford), and with this experience of allocating capital across all asset classes, the firm has built a global network with access to what we believe to be top-tier investment managers.Canopy is a fintech company on a mission to democratize access to private investments. We believe early access to world-changing projects should not be limited to the ultra-wealthy. By automating the process of private investment with a technology-first approach, we are building a future where investing in alternative assets is simple and streamlined for both managers and individual investors alike. Learn more at www.heycanopy.com/. Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week’s conversation include:Sarah's background in innovation and corporate partnerships (1:02)Challenges with Corporate Partners and Innovation (5:06)Strategic Corporate LPs and their Sustainability (7:23)Recognizing a Different Business Model (9:54)Insider Segment: The Role of SPVs and Opportunity Funds (15:56)Venture studio landscape (17:57)Advantages of company creation (19:12)Criteria for Selecting Fund Managers (22:09)Backed funds and their qualities (23:56)Mistakes in company creation (26:37)Gender disparities in company creation (32:09)Benchmarking founder worth (35:11)Early exits and company creation (36:02)High potential asset class (38:27)Final thoughts and takeaways (39:14)Vault Fund was founded in 2021 and invests exclusively in company creation entities (“company creators”), otherwise known as venture studios. Vault defines a company creator as an entity that serves as the founder or co-founder across their portfolio. Investing in this space since 2015, the leaders of Vault Fund strongly believe that company creation funds have business model advantages to scale innovation and build high quality, resilient companies that create portfolio level alpha more efficiently. Learn more at www.vaultfund.com. Canopy is a fintech company on a mission to democratize access to private investments. We believe early access to world-changing projects should not be limited to the ultra-wealthy. By automating the process of private investment with a technology-first approach, we are building a future where investing in alternative assets is simple and streamlined for both managers and individual investors alike. Learn more at www.heycanopy.com/. Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Nate Leung from Sapphire Partners dives into VC partnerships, fund evaluation, and market trends. Discusses the impact of liquidity on secondaries, the importance of long-term relationships, and the outlook on the venture landscape. Insights on assessing managers and increasing specialization in allocators

Highlights from this week’s conversation include:Avanish’s background and experience in venture (1:16)Diligence and Relationship Building (3:21)Allocation and Time Horizon (5:32)Insider Segment: Exploring the Canopy Platform with John Lang (8:17)Investment Comfort and Expertise (15:23)LP Investments in Venture Capital (18:47)Venture Partner Role (20:18)Portfolio Construction and Investment Philosophy (23:51)Trends in AI and Cybersecurity (26:40)International Market Opportunities (29:51)Bullish on Venture Capital and Macro Events (32:11)Final thoughts and takeaways (35:38)Avanish Sahai is a former technology executive with experiences in product, marketing, and ecosystems. He has held leadership positions at both early-stage and established companies including Oracle, Salesforce, ServiceNow, and Google Cloud. Avanish has served on the boards of tech companies HubSpot, Birdie.ai, and Scribe, as well as of nonprofits World Affairs and BayBrazil. Born in India, raised in Brazil, Avanish is a venture partner at Synapse Ventures, a corporate Brazilian Fund of Funds. Canopy is a fintech company on a mission to democratize access to private investments. We believe early access to world-changing projects should not be limited to the ultra-wealthy. By automating the process of private investment with a technology-first approach, we are building a future where investing in alternative assets is simple and streamlined for both managers and individual investors alike. Learn more at www.heycanopy.com/. Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week’s conversation include:David’s background and journey to founding Top Tier (1:38)Confidence in Fund to Fund Strategy (6:35)Technology Consumption and Venture Capital (11:53)Insight into the Secondary Market (15:22)Private Equity Secondary Space (17:23)Investing in Emerging Managers (22:33)Seed Investing and Portfolio Construction (25:42)Understanding Underlying Portfolios (29:18)Generalist vs. Specialist Strategies (31:11)The technology stack reinvention (00:34:41)Venture capital and exciting changes (35:42)Insider Segment: SVB's commitment and offerings (40:29)Advice for emerging managers (41:19)Venture capital allocation and duration (45:06)Minority-based managers and diversity (47:28)Connecting with Top Tier (52:29)Top Tier Capital Partners is a venture capital specialist managing niche-focused funds of funds, secondaries, and co-investment strategies. We make primary and secondary investments in venture capital funds and co-invest in select portfolio companies. Our team creates diverse portfolios that are built to spot emerging trends early and to deliver optimal venture returns. Learn more at ttcp.com.Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world’s most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.comSwimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week’s conversation include:Sam’s journey into VC (1:33)Underwriting for financials and human beings (4:04)Value add and vision for the firm (7:54)Opportunity in non-trendy categories (12:09)Lessons from Climate 10 (13:17)Insider segment: State of markets for the innovation economy (15:39)Venture Ecosystem Model (19:23)Underwriting and Conviction Building (21:54)Advice for Allocators (24:09)LP's Management Process (26:43)Predictions for the Venture Asset Class (29:31)US Managers and International Markets (32:47)Final thoughts and takeaways (33:39)Sam Sadowsky is a Partner at Twelve Hundred, an early-stage investment platform investing in fund managers and founders building companies shaping the future of humanity. The long-term vision of Twelve Hundred is to be a systemic value creator by becoming a leader at partnering from the Seed stage towards regional, global and planetary impact.Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world’s most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.comSwimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.