E26: Winter Mead of Coolwater on Building the YC for GPs

Winter Mead, Founder and CEO of Coolwater Capital sits down with David Weisburd to discuss the importance of emerging managers and how Coolwater Capital is building the YC for GPs. We’re proudly sponsored by Bidav Insurance Group, visit lux-str.com if you’re ready to level up your insurance plans.

The Limited Partner podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter:

@wintmead (Winter)

@dweisburd (David)

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LINKS:

Coolwater Capital: https://www.coolwatercap.com/ 

How to Raise a Venture Capital Fund: https://www.amazon.com/gp/product/1736234315?pd_rd_r=7e969602-8c50-4502-bb41-4f524009f450&pd_rd_w=vnJ2J&pd_rd_wg=cRK3G&pf_rd_p=5ae2c7f8-e0c6-4f35-9071-dc3240e894a8&pf_rd_r=CZFMF8GSWENXXZK16V4E&ref_=pd_gw_unk 

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SPONSOR: Bidav Insurance Group

The Limited Partner Podcast is proudly sponsored by Bidav Insurace Group.

Today's episode is sponsored by Bidav Insurance Group. Bidav Insurance Group is run by my close friend, Ahmet Bidav, who insures me both personally and at the corporate level.

Most people are not aware of the inherent conflicts in insurance, where insurance agents are incentivized to send their clients to the most expensive option. Ahmet has always been an incredible partner to me and 10X Capital, driving down our fees considerably while providing a premium solution. I am proud to personally endorse Ahmet and I ask that you consider using Bidav Insurance Group for your next insurance need, whether it be D&O, cyber, or even personal, car, and home insurance.

You could email Ahmet at ahmet@luxstr.com.

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Questions or topics you want us to discuss on The Limited Partner podcast? Email us at david@10xcapital.com

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TIMESTAMPS

(00:00) Episode Preview

(01:01) Genesis of Coolwater Capital

(03:11) Learnings from Hall Capital

(04:24) Why venture is fundamentally different than other asset classes

(05:10) The proliferation of venture capital

(08:45) What is Coolwater Capital

(09:53) How Coolwater scaled their emerging manager program

(13:20) Avoiding adverse selection

(14:15) Episode Sponsor: Bidav Insurance Group

(14:57) Operator vs Founder mentality

(16:15) GP Mentality

(21:30) Coolwater Academy

(24:53) How Coolwater helps emerging managers

(25:47) Common mistakes emerging managers make

(28:49) Minimum viable dataroom emerging managers need

(33:38) Operational Due Diligence

(35:43) Is there an ideal follow-on policy?

(42:39) Coolwater’s mission

(44:05) How to find committed GPs

(44:33) LP value add