This podcast episode explores Northwestern University's venture capital strategies and their approach to building relationships with fund managers and embracing innovation in areas like venture capital and crypto. The speakers discuss the importance of timing and the potential for significant returns in venture capital, particularly in emerging areas such as AI and biotech. They also delve into the challenges of assessing venture capital managers, liquidity options for limited partners, and the characteristics that contribute to success in venture capital. The section concludes with a discussion on how to ascertain the track record of a spin-out manager and the importance of venture capital for Northwestern's portfolio.
