Josh Porter, Co-Founder & General Partner at FirstLook Partners, sits down with David Weisburd to discuss FirstLook’s process for evaluating and selecting emerging managers. They also cover typical terms for co-invest, managing conflicts of interest, and the importance of strong personal relationships in venture capital.
The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co
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X / Twitter:
@joshdotporter (Josh Porter)
@1stLookPartners (FirstLook Partners)
@dweisburd (David Weisburd)
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LinkedIn:
Josh Porter: https://www.linkedin.com/in/joshuasporter/
FirstLook Partners: https://www.linkedin.com/company/firstlookpartners/
David Weisburd: https://www.linkedin.com/in/dweisburd/
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LINKS:
FirstLook Partners: https://www.firstlookpartners.com/
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NEWSLETTER:
By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/
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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
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TIMESTAMPS:
(0:00) Episode preview
(0:11) FirstLook’s strategy
(1:12) Co-investment dynamics
(3:06) Typical co-invest terms
(4:33) Managing conflicts of interest
(6:24) Impact of personal background on investment decisions
(9:10) Fostering relationships and trust in venture capital
(11:28) Importance of trust and honesty in VC
(12:27) Key criteria for selecting managers
(15:33) 10X Capital Podcast Newsletter
(15:54) Investment diligence and adding value
(20:18) Insight into hiring for venture roles
(21:34) Lessons learned and time management
(23:26) Closing remarks
