10X Capital Podcast cover image

10X Capital Podcast

Latest episodes

undefined
Apr 9, 2024 • 25min

E57: Eric Poirier CEO of Addepar on Lessons from $6 Trillion in Assets

Eric Poirier sits down with David Weisburd to discuss insights from the platform’s investment data on nearly $6 trillion in assets. They also talk about the top performing asset classes, the future of asset management and how to manage talent to scale a business. (0:00) Importance of focusing on solutions and organizational cycle speed (0:16) The skill sets required for founders versus growth CEOs (0:34) Introduction of Eric Poirier, CEO of Adapar and his journey (1:21) Overview of Adapar's customer base, platform benefits, and assets (5:07) Insights from Adapar's extensive dataset and asset breakdown (8:28) Venture capital as a high-performing asset class and Adapar's business model (10:10) Trends in asset allocation, future of alternatives, and Adapar's vision (13:02) Recommendations from Adapar's Navigator and building a client-centric culture (17:25) Comparing skill sets of founders versus growth CEOs (continued) (18:22) Sponsor: Deal (19:00) Challenges and advice during Adapar's infrastructure changes (20:55) CEO decisiveness, empathy in leadership, and COVID-19 impact (22:46) Closing remarks and announcement of newsletter (24:18) Episode wrap-up and additional resources
undefined
Apr 4, 2024 • 32min

E56: Robert Rodriguez on Hollywood, Artificial Intelligence, & Film Finance

Robert Rodriguez sits down with David Weisburd to discuss the role of creativity in filmmaking, cost-effective film production, and the influence of technology and AI in film. The discussion also covers Rodriguez's film fund, strategies for creating profitable movies, and the importance of living a creative life. (0:00) Introduction to Robert Rodriguez and El Mariachi's success (3:03) Filmmaking on a budget and early experiences (7:42) Sourcing buyers and the impact of technology on filmmaking (9:31) Sponsor: Deal (10:20) Hollywood's influence and the integration of AI in filmmaking (14:08) Creativity in filmmaking and working with actors (17:09) Traits of Hollywood stars and lessons in filmmaking (19:14) Leading by example and the evolution of filmmaking passion (21:06) Controlling the filmmaking process and Hollywood inefficiencies (22:47) Film fund concept, structure, and strategy (26:47) Sponsor: Carrier Labs (27:16) Unique aspects of the film fund and Troublemaker Studios (30:08) Final thoughts on creativity and closing remarks
undefined
Apr 2, 2024 • 26min

E55: Eric Sippel - Lessons from Investing in 45 Venture Capital Funds

Eric Sippel sits down with David Weisburd to discuss criteria used to identify top quartile managers, GP follow-on strategies and how LP value-add can increase alpha. (0:00) Introduction and Eric Sippel's background in investments (1:12) Overview of investment strategy and criteria for core investments (2:11) Framework for top decile performer identification and managing outside capital (5:19) Sponsor: Deal (5:57) Non-financial investment factors and long-term founder relationships (8:43) Addressing common GP issues and follow-on investment strategies (11:23) Strategy deviation impacts and investment errors analysis (13:28) Patterns in high-performing funds and family office preferences (15:59) Venture capital value add and GP sourcing best practices (19:05) Dynamics of LP/GP relationships and the 10X Capital newsletter (21:12) Building GP/LP relationships and venture capital data room practices (23:05) Evaluating GP references and negative feedback (24:11) Portfolio construction time allocation and ecosystem support (25:16) Closing remarks and call to subscribe
undefined
Mar 28, 2024 • 23min

E54: Morgan Creek Capital’s Endowment Style Investing – Frank Tanner

Frank Tanner sits down with David Weisburd to discuss Anthony 'Pomp' Pompliano's role at Morgan Creek as well as the company's origin, growth, and guiding principles. They dive into understanding power laws in venture capital, early-stage investing, and Morgan Creek's manager selection process. (0:00) Introduction to Venture Capital Focus & Power Laws (0:49) Welcome & Pomp's Origin Story at Morgan Creek (2:12) Morgan Creek's Beginnings & LP Expectations (3:38) Finding Alpha in Venture & Digital Assets (5:02) Sponsor: Deal (6:34) The Necessity of LP Partnerships & Insight on Mark Yusko (8:01) Regional Influence on Firm Success (9:56) Venture Capital Focus & Co-Investing Best Practices (11:45) Evolution of Venture Capital & Future Outlook (13:27) Portfolio Construction Strategies (16:28) Sponsor: Carrier Labs (17:00) GP Selection & Avoiding Misses (18:23) Common Mistakes by New GPs & Reasons to Scale (20:24) Morgan Creek's Value Proposition & GP Engagement (21:06) GP Insights & Secondary Solutions (22:01) Final Thoughts & Invitation to UNC Game (22:33) Closing Remarks & Promotions
undefined
Mar 26, 2024 • 26min

E53: Northwestern University - Harisha Haigh on Manager Selection

Harisha Haigh sits down with David Weisburd to discuss the art of building and managing relationships in venture capital. They delve deep into Northwestern's venture and crypto strategies, dissect common mistakes made by top VCs, and evaluate the ideal characteristics of a venture manager. They also discuss the leading indicators of success of a venture fund, investment decision-making processes within VC firms, and how to approach underwriting the track record of a spin-out manager. (0:00) Northwestern's venture strategy and portfolio size (0:18) Framework for VCs on secondary sales and portfolio performance (1:04) Evaluating and building relationships with venture managers (3:54) Northwestern's approach to crypto investments and associated illiquidity (6:01) Alpha in venture capital and details on Northwestern's venture portfolio (8:37) Systemic bias and impact of capital allocation decisions in LP funds (10:55) Mistakes top VCs make and tools for LP liquidity (13:48) Secondary market dynamics and trust with LPs (16:16) Growing the manager book and understanding portfolio companies (17:28) Timeframe for portfolio performance certainty (18:56) Sponsor: Deal (19:37) Importance of winning in early funding rounds and fund dynamics (21:26) Characteristics and track records of ideal managers (23:39) Communication frequency with managers and closing thoughts (25:08) Announcement of the 10X Capital podcast newsletter
undefined
Mar 21, 2024 • 26min

E52: StepStone's Hunter Somerville on How to Scale LP Capital

Hunter Somerville sits down with David Weisburd to discuss StepStone's unique approach to venture capital, their transition to leading deals, and their full life cycle approach to investing. They delve into accessing companies in the secondary market, identifying potential in emerging managers, and StepStone's value-add to funds and companies. (0:00) Introduction and career insights with Hunter Somerville (0:19) Private equity landscape and competing with multistage funds (1:53) StepStone's investment strategy and cross-asset class learning (4:32) GP collaboration and direct investing evolution (7:17) Upholding integrity and understanding strip sales at StepStone (10:35) StepStone's competitive advantages and private equity trends (15:10) Emerging manager evaluation and the importance of fund size (17:48) Utilizing alpha through data tracking and collaborative investment (19:20) Sponsor: Deal (20:02) Nurturing GP relationships and tackling the challenges of second funds (21:29) Strategies in partnering with first-time funds and the value of LP inclusion (22:43) The dynamics of investing in spinouts and current market challenges (25:02) Cyclical market insights and StepStone's forward-looking approach (25:34) Closing and newsletter announcement
undefined
Mar 19, 2024 • 22min

E51: How $1B+ Family Offices Generate Alpha in Venture Capital - Ron Diamond

Ron Diamond sits down with David Weisburd to discuss how $1B+ family offices generate alpha in venture capital, the #1 way family offices can avoid adverse selection, how family offices may disrupt private equity, and venture capital vs. private equity. (0:00) Private equity and venture capital firms becoming too big (1:33) LP attractiveness and venture fund investment decision-making (4:28) Family offices disrupting private equity and venture capital (9:48) Minimum viable family office staff and resources (11:22) Importance of giving back and creating value (13:42) Sponsor: DEEL (14:12) Creating a valuable family office conference and growth mindset (17:48) Ron Diamond's business and personal insights (19:17) Why are there so many miserable billionaires? (20:51) Closing thoughts and introduction to the 10X Capital podcast newsletter
undefined
Mar 14, 2024 • 26min

E50: Founding GLG and Growing it into a $600 Million Revenue Powerhouse — Mark Gerson

Mark Gerson sits down with David Weisburd to discuss founding GLG and growing it into a $600 million revenue powerhouse, 3i and its community of world-class private investors and the importance of an ROI driven approach to non-profit work. (0:00) Introduction to marketplace challenges and growth (0:18) Evolution of the expert network industry and founding GLG (2:22) Building a marketplace business and industry evolution (3:26) Founding 3i for family offices and specialty finance deals (5:01) Learnings from building 3i and the importance of relationships (6:46) Founding Africa Mission Health Care and philanthropy strategies (17:25) Sponsor: Deal HR and payroll platform (18:07) Habit of giving and United Hatzalah's business model (20:44) Frameworks for charitable giving and advice on living a fulfilling life (24:06) Final thoughts and closing remarks (24:57) Announcement of 10X Capital Podcast's newsletter
undefined
Mar 12, 2024 • 26min

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
undefined
Mar 7, 2024 • 18min

E48: The Ford Foundation on Returning 28% CAGR While Improving Society

Roy Swan and Christine Looney from Ford Foundation's Mission Investments team sit down with David Weisburd to discuss patriotic capitalism, their investment themes, and strategy impact. They discuss balancing financial return with social impact, Swan's advisory role with the Church of England, and the importance of fairness and morality in capitalism. (0:00) Introduction to Patriotic Capitalism and the Ford Foundation (3:54) Impact Measurement and Diversity in Fund Management (7:42) Sponsor: Deal (8:20) Leadership and Influence Among Foundations (10:05) Financial Returns vs. Social Impact (11:25) The Church of England Initiative and Reducing Inequality (15:50) Closing Remarks from Roy Swan and Christine Looney

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode