Muthu Muthiah, CIO of Children’s Healthcare of Atlanta sits down with David Weisburd to discuss how he developed the governance, systems, and team to deploy $2 billion dollars at Inatai Foundation. They also delve into the endowment style investment philosophy, the importance of asset allocation relative to manager selection, and the venture strategy at Children’s Healthcare of Atlanta. (0:00) Introduction and career path to Children's Healthcare of Atlanta (2:39) Advice for the next generation and importance of being a generalist (5:28) Building strategy and governance at Innatai Foundation (11:15) Sponsor: Deal (13:08) Asset allocation and optimizing for goals (16:08) Systematic risks and biggest learnings in asset management (18:30) Transition to Children's Healthcare of Atlanta and impact of economic shifts (21:46) Venture investment philosophy and current portfolio (24:24) Balancing first-time and mature funds (26:04) Mission, impact, and aligning with LPs' causes at Children's Healthcare (27:19) Closing remarks and future plans

Erin Harkless Moore, Senior Director of Pivotal Ventures, sits down with David Weisburd to discuss Pivotal Ventures’ $1B mission to drive equality and returns. In addition, they discuss how Pivotal works to close the gender gap, ways to manage teams more thoughtfully and the capability of venture dollars to drive exponential impact. (0:00) Introduction to venture asset class strategy and Pivotal Ventures (2:10) Driving social progress through multi-sector approach (4:03) Lessons from Printco and collaborative workforce strategies (7:16) Governance philosophies and common mistakes in venture capital (10:31) Balancing mission-oriented goals with performance in venture capital (14:07) Sponsor: Deal (15:06) Strategy development and direct investing at Pivotal Ventures (19:13) Technology investing for modern families and diversity in fund management (20:53) Investment decision process at Pivotal Ventures (23:23) Sponsor: Subscribe to our newsletter (23:42) Venture fund attribution practices and due diligence (25:42) Managing polarizing performers and underperforming employees (28:34) Gender dynamics in management and career advice (31:07) Personal lessons and career success stories (34:38) Closing thoughts and additional resources on Pivotal Ventures

Hunter Horsley, CEO of Bitwise Asset Management, sits down with David Weisburd to discuss the institutional investment case for Bitcoin and digital assets. In addition, they discuss the diversification benefits of digital assets for portfolio construction, bull arguments for Bitcoin, and expanding the GDP of the internet through increasing use cases of public blockchains. (0:00) Introduction to Founders Fund and Bitcoin (0:25) Consolidating the Bitcoin discussion (1:47) Bitwise's origin and mission (3:43) Product-market fit and evolution (6:01) Bitwise's vision and simplicity of products (7:55) Bitwise's target investors and product offerings (9:38) Institutional crypto interest and rational Bitcoin allocation (15:51) Sponsor: Deal (18:50) Investment considerations in crypto (20:30) Crypto use cases and industry criticism (21:38) Software innovation through blockchain (25:58) Digital nations and developer engagement (29:13) Internet organization and digital property rights (30:39) Public blockchains and long-term industry views (31:07) Bitwise's aspirations and brand strategy (31:24) Asset management commoditization concerns (31:58) Bitwise's client commitment and market outlook (34:09) Conclusion and promotion

Eric Satz, CEO of Alto, sits down with David Weisburd to discuss how startups can access $13 trillion in retirement capital. In addition, they discuss why to invest in alternative assets via retirement capital, strategies for personal venture portfolio construction and how cryptocurrency fits into alternative asset investing. (0:00) Introduction to Eric Satz and Alto (1:43) Investing retirement funds in alternatives (3:39) Traditional custodians vs. self-directed IRAs (6:54) The role of issuer involvement & platform integrations (11:04) The evolution of Alto's business model (13:09) The case for alternatives in IRAs and venture capital (17:08) Peter Thiel's Roth IRA controversy and its implications (20:17) Sponsor: Deal HR and payroll platform (21:12) Investment strategies for high net worth individuals (23:06) Navigating investments in cryptocurrencies (25:26) The psychology of trading and the benefits of illiquidity (28:27) Sponsor: Academic research on portfolio checking (29:01) Utilizing Alto IRA for alternative investments (30:06) Alto's future and fiduciary responsibilities (32:07) Final thoughts on startup success

Chris Rizik, CEO of Renaissance Venture Capital sits down with David Weisburd to discuss Renaissance’s unique approach to venture. In addition, they discuss how large corporations participate in venture, when to admit a loss vs. doubling down and signals of a strong fund manager. (0:00) Introduction to Chris Rizik and Renaissance Venture Capital (1:19) LP base and corporate-startup interaction (4:18) Overcoming Midwest investment challenges and the concept of Undemo Day (6:16) The rise of Midwest unicorns and focus on consistent VC returns (9:32) GP mistakes and emotional investment decisions (10:17) Sponsor: Deal (14:09) VC industry insights: Operator turned VC and the apprenticeship model (18:31) Success stories and sponsor message from 10X Capital Podcast newsletter (19:31) Identifying potential in fund twos and lessons from starting a VC firm (23:23) Deal sourcing strategies and building startup ecosystems (26:10) Chris Rizik's personal projects and wrap-up

Trish DiGirolomo, investment manager at Babson College sits down with David Weisburd to discuss scaling Babson College’s endowment via disciplined strategy and process. In addition, they discuss the advantages of patience and a focus on cash on cash returns, criteria for manager selection, and leveraging experienced alumni in the investment process. (0:00) Introduction to Trish DiGirolomo's investment strategy and background (1:15) Yale's model, private equity, and Babson Endowment's growth (2:08) The role of private equity in total returns and university operations (3:19) Comparing endowments and evergreen capital's competitive edge (4:02) Analyzing MOIC, DPI, and IRR in performance metrics (5:10) Babson's policy and insights on post-IPO holdings (7:02) The inside advantage and skills of private vs. public managers (10:24) Developing patience and exit strategies in venture capital (13:08) Babson's approach to secondaries and reasons for selling (16:11) Strategies for accessing and adding value to oversubscribed funds (18:49) Utilizing Babson's alumni network across diverse asset classes (20:52) MBA analyst positions and GP manager sourcing techniques (22:49) Assessing key criteria and managing portfolio concentration (24:22) Sponsor: DEEL (26:53) Exploring diversified alpha and underwriting return thresholds (29:15) Babson's allocation strategy for private markets and team importance in selection (35:01) High conviction strategies and detailed manager selection process (38:34) The significance of corporate governance for LPs (39:07) Sponsor message and newsletter promotion (39:34) Deliberating nonconsensus decisions in LP manager selection (41:59) The pitfalls of likability in investment decisions (44:14) Challenges of investing without manager access and VC brand value (47:29) Addressing generational transitions in VC firms (47:43) Conclusion with Babson's mission and future outlook (48:14) Outro and call to action

Erik Iverson and Mike Partsch of the Wisconsin Alumni Research Foundation (WARF) sit down with David Weisburd to discuss how WARF supports innovation while driving financial returns. In addition, they discuss the case for investing in life sciences, how inventions turn into portfolio companies and the importance of maintaining relationships through market cycles. (0:00) Introduction to venture portfolio purpose (1:18) Portfolio management strategies and venture fund allocation (4:08) AI's impact on biotech and tech transfer at University of Wisconsin (7:00) Sponsor: Deal (10:03) GP/LP relationship dynamics and geographic advantages/disadvantages (12:45) Sourcing relationships and market behavior insights (17:04) Final thoughts, key takeaways, and coinvestment strategy (18:47) Closing remarks and future plans

Michael Downing sits down with David Weisburd to discuss emerging manager venture funds, the MDSV Capital Extension Program, and the effect of market conditions on fundraising. They also discuss the role of MDSV in the venture capital landscape, portfolio construction, LP expectations, and Michael’s background as an entrepreneur and investor. The conversation wraps up with a discussion on the importance of not overlooking emerging managers as a key part of the venture ecosystem. (0:00) Defining outliers in emerging manager funds (0:26) Challenges and portfolio construction for institutional investors (1:32) Capital extension program introduction and mechanics (3:21) Parameters and limits for capital extension (6:00) Demand and pool size for the capital extension program (7:25) Continuation challenges for emerging managers (9:45) Sponsor: Deal, HR and payroll platform (10:23) Team composition and opportunity submission at MDSV Capital (13:13) Fundraising landscape for emerging managers (16:29) Support and investment thesis at MDSV Capital (19:22) LP mix, investment methodology, and institutional challenges (23:21) Michael Downing's transition to capital management (26:01) Venture decentralization and MDSB Capital's outreach (27:23) Closing remarks and additional resources

Jordan Nel sits down with David Weisburd to discuss how to spot winning venture funds. In addition, they discuss portfolio construction and concentration, the scalability of venture funds and difficult conversations with GPs. (0:00) Introduction to the value of investment banking skills for startup founders (0:51) Welcome to the 10X Capital Podcast with Erik Torenberg and David Weisburd (1:12) Discussing the genesis and strategy of a successful fund of funds (2:14) Exploring judgment asymmetry and characteristics of successful founders (4:32) The impact of personal issues on founder success and contrasting investment banking perspectives (7:05) Deep dive into portfolio construction strategies and the benefits of small funds (10:31) Sponsor: Deal (19:26) Benchmarking emerging markets, GP bottlenecks, and LP/GP collaboration (20:40) Sponsor: 10X Capital Podcast newsletter (21:48) Understanding pro rata and follow-on investment strategies (24:11) Judgment vs. diligence and the limits in GP investments (27:34) Preempting investment rounds and insights on insider investing (30:17) Closing remarks and contact information

Claude Grunitzky sits down with David Weisburd to discuss Claude's journey as a venture-backed founder, securing an investment from Goldman Sachs, the importance of mentorship in venture capital, and Claude’s approach to spotting potential. They also delve into the creation of The Equity Alliance, the firm’s investment process, and their involvement with Serena Ventures. (0:00) Early years, initial investments, and founding Trace TV (2:16) Sponsor: Deal (3:03) Upward mobility and journey before Goldman Sachs investment (6:45) Impact of Goldman's investment and founding Equity Alliance (11:39) Sponsor: 10X Capital Podcast newsletter (12:06) Launching the fund, importance of mentorship, and team building (19:09) Challenges and insights on evaluating potential and strategy development (22:17) Investment in Serena Ventures and fund manager selection process (26:09) Investment committee's role and mentorship journey (27:40) Closing remarks and outro