David Weisburd and Erik Torenberg sit down with Chris Douvos, founder of Ahoy Capital and formerly Princeton Endowment. This podcast is proudly sponsored by Angellist visit www.angellist.com/tlp if you’re ready to level-up your startup or fund.
The Limited Partner Podcast is part of the Turpentine podcast network. Learn more: Turpentine.co
TIMESTAMPS:
(00:00) Episode preview
(01:55) Why Chris Douvos loves venture?
(03:12) What differentiates venture from other asset classes?
(05:03) Risk premiums
(07:40) Why is venture capital still a good asset class today?
(08:50) Fund of funds
(10:50) Chris' fund manager thesis
(13:45) The ecosystems Chris finds potential managers to back in
(16:47) Sponsor: AngelList
(18:00) Will venture be needed as companies become easier to build?
(23:05) Data scientists as the best investors in the next decade
(25:10) Is AI a revenue-generator or a cost-cutter?
(26:03) Solo GPs over the next few years
(27:58) The lifecycle of a venture fund
(33:45) Large fund sizes and their returns
(35:15) Chris' reflections on crypto
(37:14) Unintuitive venture capital hacks
(40:41) Questions to ask fund managers before investing
(43:01) Will we see another YC?
(46:11) Advice for family offices or institutions direct investing alongside funds
(47:35) #OpenLP and transparency in the LP ecosystem
SPONSOR:
The Limited Partner Podcast is proudly sponsored by AngelList.
-If you’re in private markets, you’ll love AngelList’s new suite of software products.
-for private companies, thousands of startups from $4M to $4B in valuation have switched to AngelList for cap table management. It’s a modern, intelligent, equity management platform that offers equity issuance, employee stock plan management, 409A valuations, and more.
If you’re a founder or investor, you’ll know AngelList builds software that powers the startup economy. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.
