E1: Chris Douvos | Venture compared to other asset classes, the Solo GP phenomenon, and Chris's investing thesis

David Weisburd and Erik Torenberg sit down with Chris Douvos, founder of Ahoy Capital and formerly Princeton Endowment.

RECOMMENDED PODCAST:

Run the Numbers is a weekly podcast about financial metrics and business models, designed for ambitious people operating tech startups. It's a collection of things host CJ Gustafson (CFO at Partstech and writer of Mostly Metrics) has learned and thought about in the trenches as a tech CFO. Subscribe to listen on the platform of your choice: https://link.chtbl.com/runthenumbers

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

TIMESTAMPS:

(00:00) Episode Preview

(00:56) Introducing The Limited Partner podcast

(01:55) Why does Chris love 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) Why does a fund of funds make sense?

(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.