How I Invest with David Weisburd is a podcast that interviews the world's leading institutional investors. Previous guests include The Ford Foundation, Northwestern University Endowment, CalPERS, Stepstone, and other top limited partners.
Venture capital operates as a network-effect business where relationships drive deal sourcing, diligence, and long-term value creation. Elizabeth Weil, founder of Scribble Ventures, emphasizes maintaining a lean, collaborative firm structure that prioritizes pre-seed and seed stages to remain agile within the ecosystem...
Compute is emerging as the world's next essential commodity, functioning as a strategic national asset that requires a liquid market for effective hedging and resource allocation. As AI demand consistently outpaces supply, enterprises face significant volatility, making the ability to trade and hedge compute capacity c...
Voice AI is transforming human-computer interaction by enabling synchronous, low-latency communication that mimics natural conversation. While screens remain necessary for precision tasks and creative work, AI agents are increasingly delegating mundane digital and physical labor. This shift necessitates a transition in...
Emerging venture capital managers must move beyond standardized pitches to demonstrate unique "GP-market fit," aligning their fund size, strategy, and lived experience to create a defensible edge. In an increasingly consensus-driven environment, successful firms prioritize complementary partnerships built on mutual res...
Successful fundraising in private markets requires a long-term perspective and the strategic acquisition of an anchor investor to signal credibility to prospective partners. Top-tier allocators and managers share a voracious appetite for learning, deep humility, and high emotional intelligence, which allows them to lev...
Long-term value creation relies on selecting the right partners and maintaining a commitment to tax-efficient, multi-decade ownership rather than transactional flipping. The Pritzker family’s success, rooted in a legacy of integrity and innovative debt-based acquisition, prioritizes reinvestment and human capital over ...
Wealth management for taxable investors hinges on minimizing tax drag and managing human behavioral biases rather than constant tactical trading. Effective portfolio construction prioritizes high-conviction, long-term strategies, utilizing tax-managed direct indexing and strategic asset location to enhance compounding....
Venture capital success relies on identifying resilient, humble, and obsessed founders rather than chasing consensus-driven industry trends like AI. While many investors flock to popular sectors, the highest returns often emerge from non-consensus spaces where founders possess deep domain expertise and long-term commit...
Power infrastructure has become the critical bottleneck for U.S. AI and industrial technology development, shifting the focus of investment toward energy-intensive assets. Rob Stephens, Director of Investments at Spider Management, highlights how data centers are now measured in megawatts rather than square footage, un...
Investors today grapple with information overload, where the abundance of data paradoxically hinders conviction. Building investment conviction requires shifting from purely quantitative models to a "mosaic" of qualitative intelligence, such as expert calls and channel checks, which provide ground-level signals often a...
Operational engineering drives value in private equity by targeting complex, multi-jurisdictional corporate carve-outs that larger, more efficient markets often overlook. Josh Adams, partner at OpenGate Capital, emphasizes that generating alpha requires moving beyond financial engineering to focus on hands-on operation...
Venture capital success relies on securing access to top-quartile managers and maintaining consistent time diversification across vintages. Because venture is a "reverse asset class" where founders select their financial partners, long-term reputation and stable relationships serve as the primary competitive moats for ...
Late-stage private market investing has fundamentally shifted as high-growth companies remain private longer, starving public markets of the 30%+ revenue growth stories that were once common. The impending IPOs of major entities like SpaceX, OpenAI, and Anthropic are essential for public indices, providing necessary gr...
Venture capital success hinges on securing access to top-tier managers who consistently drive returns through power law outcomes. Because the asset class exhibits extreme performance dispersion, limited partners must prioritize long-term partnerships, knowledge sharing, and rapid decision-making to remain competitive. ...
Agentic AI is fundamentally reshaping the global workforce by automating mundane tasks and unlocking significant productivity gains. Rather than causing mass unemployment, this shift mirrors historical transitions like the move from agriculture to industry, where technology increases output and creates new, higher-valu...
The venture capital landscape is undergoing a structural shift as companies remain private for longer, necessitating new approaches to liquidity and cap table management. Traditional 10-year fund cycles no longer align with the 13-to-14-year maturation periods of modern iconic companies, creating a "DPI desert" that re...
Founders and entrepreneurs often face a void in wealth management, as traditional wirehouses prioritize asset gathering over comprehensive, transparent, and fiduciary-based support. Crescent, a multifamily office, addresses this by offering a platform that integrates professional services—such as tax efficiency, estate...
The asset management industry faces a fundamental conflict between short-term capital gathering and the long-term pursuit of persistent alpha. RichPost addresses this by retaining management fee streams while leaving carried interest with underlying managers, ensuring that incentives remain strictly aligned with limite...
Secondary markets in private equity provide superior risk-adjusted returns and liquidity compared to traditional buyout investments. While buyout return dispersion has widened significantly due to increased competition, secondary funds consistently outperform by avoiding the blind pool risk inherent in primary investme...
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