VC10X - Investing, Asset Management, Venture Capital, Private Equity, Family Office

Adam Breckler is the Co-founder and Head of Product at Better Health. Adam is a seasoned entrepreneur and product expert. At Better Health, he leads efforts to simplify access to medical equipment and support for people with chronic conditions, combining technology, peer coaching, and education to improve patient outcomes.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comBetter Health website - https://joinbetter.com/Adam Breckler on X - https://x.com/adambrecklerAdam Breckler on LinkedIn - https://www.linkedin.com/in/adambreckler/🎙️ Hosted by Prashant ChoubeyFollow Prashant on X - https://x.com/ChoubeySahabFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode we talk about -- Early idea validation- Go to market strategy- Product market fit- Fundraising & hiring approach- Capital allocation- Taking care of mental health as a founder& lots moreTimestamps:(00:00) Introduction to the podcast and guest Adam Breckler(02:12) Adam's background and early entrepreneurial journey(03:39) Origin of Better Health and initial idea validation(05:05) Discussing starting a startup with life partner(06:22) Go-to-market strategy in the early days(07:11) Fundraising and seed round details(08:50) Approach to finding and selecting investors(09:53) Initial hiring strategy and recruiting first employees(11:21) Recruiting senior talent and competitive hiring(12:28) Hiring strategy and resource allocation(14:19) Approach to building and maintaining company culture(16:22) Onboarding, performance tracking, and managing employee performance(17:38) Product-market fit journey and challenges(19:45) Understanding product-market-channel fit(21:01) Building moats and defensibility in the business(22:01) Key metrics the company tracks(23:23) Vulnerable moments as a founder and dealing with startup challenges(25:26) Managing personal mental health and work-life balance(27:14) Using a business coach(28:16) Managing family life while running a startup(29:18) Lessons learned from previous startup experiences(31:15) Most pivotal decision that changed the company's growth trajectory(32:49) Closing remarks and how to learn more about Better HealthFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Shikha Rawal is Senior Legal Counsel at Alpha Wave Global. With over eight years of experience in corporate law, Shikha specializes in mergers and acquisitions, corporate governance, and securities law. She provides strategic legal advice and support for Alpha Wave’s global operations and portfolio.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comShikha Rawal on LinkedIn - https://www.linkedin.com/in/shikha-rawal-12934b8b/Alpha Wave Global website - https://www.alphawaveglobal.com/🎙️ Hosted by Prashant ChoubeyFollow Prashant on X - https://x.com/ChoubeySahabFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode, we talk about -- The key clauses in term sheets and shareholder agreements that protect investors' interests, such as preferential liquidation rights and anti-dilution provisions- How can startups effectively protect their intellectual property during fundraising rounds?- What regulatory requirements must startups comply with during fundraising, and how can they avoid common pitfalls?- What are the most common corporate structures for startups, and how do they impact fundraising and investor relations?- How do founders' agreements prevent conflicts among co-founders, and what should they cover?- How should founders protect themselves against exploitative clauses in the term sheet? How to check for these, and what are some common ones?Timestamps:(00:00) Introduction(03:15) Guest Shikha Rawal introduces herself and her background(04:14) Key clauses in term sheets and shareholder agreements that protect investor interests(07:21) How investors protect against governance issues in startups(10:41) How startups can effectively protect their intellectual property during fundraising rounds(13:12) Discussion on best jurisdictions for registering startup companies(17:04) Regulatory requirements startups must comply with during fundraising(19:19) How founders' agreements prevent conflicts among co-founders(21:55) How founders can protect themselves against onerous clauses in term sheets(25:00) Importance of legal counsel for founders during fundraising(26:39) Closing remarks and contact information for Shikha RawalFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Yoni Tuchman is a Partner at DLA Piper representing sponsors and investors in forming, investing in and operating private funds. This episode marks the beginning of a new segment on the podcast called Legal10x where we will be talking about the legal aspects of funds & startups.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comYoni Tuchman on LinkedIn - https://www.linkedin.com/in/yoni-tuchman-58153b5/Yoni Tuchman on X - https://x.com/TuchmanYoniDLA Piper website - https://www.dlapiper.com/enIn this episode, we will talk about:- Key legal structures commonly used in venture capital fund formation- What is the diamond structure?- What is the difference in building a fund versus building a firm?- Things that first time fund managers get wrong& lots moreTimestamps:(00:00) Introduction to the podcast and the Legal 10x segment(03:43) Guest Yoni Tuchman introduces himself(04:11) Discussion begins on key legal structures in venture capital fund formation(04:33) Explanation of fund structure - single limited partnership approach(08:16) Clarification on what GP (General Partner) means in legal context(09:33) Benefits of the diamond structure in fund formation(18:35) Discussion on why venture funds invest in Delaware C Corps(24:01) Importance of understanding potential investors when forming a fund(33:00) Difference between building a fund versus building a firm(45:00) Discussion on Limited Partnership Agreement (LPA) key elements(51:24) Common pitfalls for first-time fund managers(54:07) Closing remarks and how to find more information about Yoni Tuchman and DLA PiperFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Anand Rajaraman is a serial entrepreneur and venture capitalist known for co-founding Junglee, which was acquired by Amazon, and Kosmix, acquired by Walmart. He was Senior Vice President at Walmart Global eCommerce and is a founding partner at Rocketship.vc.Rajaraman is also the co-owner of the San Francisco Unicorns, a Major League Cricket team. Anand has invested early in companies like Facebook and Lyft and focuses on backing high-growth startups globally, but in this episode we will limit our conversation to owning a cricket team and maybe do another episode later to talk about Anand's entrepreneurial & investing success.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comSan Francisco Unicorns website - https://www.sfunicorns.com/Major League Cricket (MLC) website - https://www.majorleaguecricket.com/Anand Rajaraman on LinkedIn - https://www.linkedin.com/in/anandrajaraman/In this episode, we talk about -- Why did he decide to buy a cricket team- The business angle of owning a sports team- Key revenue streams for franchise cricket leagues & teams- Leveraging data & technology in all aspects of team management- The signing of 2 Australian legends: Pat Cummins as a player, & Shane Watson as the coach- The emotional toll of owning a sports team& lots moreTimestamps:(00:00) Introduction to Anand Rajaraman and the podcast episode(03:48) Why Anand decided to buy a cricket team in Major League Cricket (MLC)(05:18) Choosing the San Francisco Unicorns and the reasoning behind the team name(07:23) Parallels between business world and owning a sports team(10:59) Applying data and analytics to team management(13:35) Investment perspective on owning a sports team(18:26) Revenue streams for cricket leagues and teams(22:30) Player acquisition and salary cap details(23:52) Player selection strategy for the team(27:53) Discussion about Pat Cummins joining the team(33:11) Hypothetical scenario of Indian players in MLC(34:17) Emotional aspects of owning a sports team(40:12) Reflections on the 2024 season and reaching the championship match(42:43) Growth of cricket in the USA and impact of the 2023 World Cup(45:23) Long-term vision for team ownership(46:20) How to follow San Francisco Unicorns and Major League CricketFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Andrew Reilly is a Managing Director at VCFA, the world's first secondary focused fund. Andrew joined VCFA in 2017 primarily to focus on origination and development of venture and growth equity secondary opportunities.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comVCFA website - https://vcfa.com/Andrew Reilly on LinkedIn - https://www.linkedin.com/in/andrew-k-reilly-5782a019/🎙️ Hosted by Prashant ChoubeyFollow Prashant on X - https://x.com/ChoubeySahabFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode we talk about -- The history of VCFA and being the first secondary fund- The different types of secondaries they deal in at VCFA- How they buy winners at a discount- The difference between direct secondaries VS GP leds VS LP interests- How do they evaluate a VC portfolio for a secondary transaction- Sourcing high quality secondary deals- What is the risk/return profile of secondaries& lots moreTimestamps:(00:00) Introduction(02:49) History of VCFA and Dayton Carr, founder of the secondary industry(07:31) Types of secondaries: GP-led transactions, LP-led deals, and direct secondaries(11:11) Evaluating a VC firm's portfolio for acquisition(13:34) Why sellers would sell assets at a discount(35:27) Sourcing high-quality secondary deals(41:08) Risk-return profile of secondaries(47:08) Goals for the new fund, including potential expansion into real estate secondaries(52:28) Rapid fire round of questions about VCFA's investment strategyFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Hunter Somerville is a Partner at StepStone Group, an asset management firm with over $150BN+ in assets under management. Hunter focuses on venture capital and growth equity investments which includes fund investments, directs, and secondaries.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comStepStone Group - https://www.stepstonegroup.com/Hunter Somerville on LinkedIn - https://www.linkedin.com/in/hunter-somerville-2a24117/In this episode we talk about -- The different strategies they invest in at StepStone private equity & VC team- Key things you look for in fund managers- The different risks they are undertaking when backing a fund- Common mistakes new GPs make- How big is the opportunity in the secondary market? - His advice to GPs aspiring to build the Sequoia of tomorrow& lots moreTimestamps:(00:00) Introduction(05:23) Hunter's background and career journey(06:26) StepStone's investment strategies(09:04) Key characteristics and criteria for primary fund investments(11:31) Managing DPI and liquidity in early-stage venture investments(14:09) Evaluating secondary investments and portfolio strategies(16:27) Risks associated with fund investments(20:10) Building relevance and value for venture capital funds(23:03) Common mistakes made by new General Partners (GPs)(24:45) StepStone's approach to growth stage direct investing(27:08) Comparing risk and return across different investment strategies(30:19) The secondary market opportunity and its growth(34:17) Liquidity dynamics in venture capital investments(36:10) Advice for GPs aspiring to build the next Sequoia or A16Z(37:46) Emerging trends and exciting investment areas in venture capital(40:28) Rapid fire round of questions about StepStone's investment approachFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Kalpesh Dave has over 20 years of experience in banking, investments, and wealth management. As the Deputy Chief Executive Officer at BajajCapital Ltd, his focus is on delivering value-added solutions to HNI/UHNI/Family offices and NRI clientele.⭐ Sponsored by Podcast10x - Podcasting agency for VCs, family offices & asset managers - https://podcast10x.comBajaj Capital - https://www.bajajcapital.com/Kalpesh Dave on Linkedin - https://www.linkedin.com/in/kalpeshdave-domainexpert-investments/In this episode, we talk about:- The growing private wealth landscape in India- How many wealthy families are there in India and how fast is that number growing?- How the Indian wealthy manage their wealth - How do they build wealth allocation strategy for their clients- Exciting opportunity areas for wealthy families& lots moreTimestamps:(00:00) Introduction(03:44) Background and history of Bajaj Capital(05:25) Discussion about the private wealth landscape(08:31) Definition of HNI (High Net Worth Individual) and UHNI (Ultra High Net Worth Individual)(09:27) Missing pieces in wealth management and how Bajaj Capital is addressing them(11:38) Perspective on current equity market conditions(14:14) How families are managing assets during market fluctuations(18:10) Discussion on asset allocation strategies(20:17) Dos and don'ts of wealth management(23:06) What family offices and wealthy families are currently excited about(25:55) Global asset investing for Indian wealthy families(28:07) How Bajaj Capital sources high-quality deals for clients(32:00) Common mistakes wealthy families make in managing wealth(35:01) Biggest learnings from working with wealthy families(39:34) How to connect with Bajaj Capital and learn more about their servicesFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Jason G. Mandel is an experienced Wall Street executive, a renowned author, and founder & CEO of the Mandel Family Office. Jason has over 30 years of experience helping clients build wealth through tax elimination strategies.Links:⭐ Sponsored by Podcast10x - Podcasting agency for VCs, family offices & asset managers - https://podcast10x.comDemand Transparency Book - https://www.amazon.com/DEMAND-TRANSPARENCY-Street-Rising-Destroying-ebook/dp/B0CN4ZWQ6XMandel Family Office - https://themandelfamilyoffice.com/Jason Mandel on Linkedin - https://www.linkedin.com/in/mandeljason/In this episode, we talk about -- The risks associated with real estate investing- What are principal protected assets?- Why he thinks 401(k) is a fraud- Life Insurance as a vehicle for tax saving and investment growth- Insurance vs 401(k), what’s better for retirement planning?- How to finance your tax-free retirement plan?- Insurance as a tool to protect assets during divorce- What is PPLI and how it can be used to save taxes on all types of assets?- How can Family Offices operate more like banks?& lots moreTimestamps:(00:00) Introduction(03:18) Real estate investing and its risks(12:23) Principal-protected assets(23:40) Credibility of principal-protected assets(24:33) Accessibility of tax-saving investment tools(35:09) Comparison of 401(k) vs. life insurance(42:31) Using life insurance as asset protection during divorce(46:34) How family offices can operate more like banks(52:25) Closing remarks and contact informationFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Amit Patel is one of the Managing Director at Owl Ventures, one of the largest Edtech venture capital firm with over $2 billion in AUM. Amit has served on the board of directors and led investments in many of the world’s leading education technology companies.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comOwl Ventures website - https://www.owlvc.com/Amit Patel on LinkedIn - https://www.linkedin.com/in/amitashwinpatel/In this episode, we talk about - - How they look at the Edtech landscape at Owl Ventures?- How do they identify promising Edtech startups?- What does the future of education look like?- Exciting trends they're closely tracking- Role of AI in personalised learning- How did they manage to scale Owl Ventures to over $2 billion in AUM in just over a decade of existence?& lots moreTimestamps:(00:00) Introduction(03:07) Amit Patel's personal story and career in education(05:38) Discussion on the current state of education system(08:31) Owl Ventures' journey and growth to $2 billion in assets(11:42) Reasons behind Owl Ventures' success(13:16) EdTech sector categorization and segments(15:06) Global perspectives on education technology development(18:40) Evolution of EdTech since Owl Ventures' inception(23:08) How Owl Ventures selects and picks companies to invest in(26:18) Advice for new EdTech founders(32:06) Current state of EdTech and future outlook(35:32) Most exciting opportunity areas in EdTech(38:21) Portfolio construction and investment strategy(41:04) Biggest learning from investing in EdTech companies(42:28) Rapid fire round of questions about Owl VenturesFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Greg Ho is the President & Head of Social Impact at Spring Mountain Capital ($1.6B AUM). Greg formerly spent 16 years at McKinsey, where he helped expand the firm into 30+ new countries and oversaw the launch of its $20B investment arm as CFO. In 2001, Greg founded SMC alongside Launny Steffens, and later its social impact arm, the West Harlem Innovation Network.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comSpring Mountain Capital website - https://www.springmountaincapital.com/Greg Ho on LinkedIn - https://www.linkedin.com/in/gregory-ho-68126215🎙️ Hosted by Prashant ChoubeyFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode we talk about - - Greg's story and how you got into investing?- The story of McKinsey’s expansion into over 30 new countries- What is Special Situation Investing?- What key qualities he looks for when selecting asset managers?& lots moreTimestamps:(00:00) Introduction(03:13) Greg's journey into investing(04:26) McKinsey's global expansion strategy(07:20) Founding McKinsey's investment office(09:47) Founding of Spring Mountain Capital(11:43) What is special situation investing?(13:46) Examples of special situation investing(17:31) Explaining investment strategy to limited partners(20:49) Focus on social impact investing(25:25) Investing in underrepresented communities(29:07) Opportunity zone investing and tax benefits(32:04) How to evaluate fund managers(34:33) Current market trends and opportunities(39:22) Impact of new administration on investment strategy(40:49) Biggest learning in investing - importance of diverse teams(41:54) Rapid fire round covering investment detailsFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.