In this episode of Turpentine VC, Ali Hamed, Partner at CoVenture, joins Erik Torenberg to discuss the advantages of investing across asset classes, CoVenture’s inflection points, the importance of being liked in venture, why LPs are willing to accept lower returns from big brand VCs, asset classes Ali hopes to invest in in the future, and much more.
In this episode of Turpentine VC, Ali Hamed, Partner at CoVenture, joins Erik Torenberg to discuss the advantages of investing across asset classes, CoVenture’s inflection points, the importance of being liked in venture, and asset classes Ali hopes to invest in in the future. If you’re looking for an ERP platform, check out our sponsor, NetSuite:http://netsuite.com/turpentine
---
We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.
---
SPONSOR: NETSUITE | SHOPIFY
NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/turpentine and download your own customized KPI checklist.
Shopify is the global commerce platform that helps you sell at every stage of your business. Shopify powers 10% of ALL eCommerce in the US. And Shopify's the global force behind Allbirds, Rothy's, and Brooklinen, and 1,000,000s of other entrepreneurs across 175 countries.From their all-in-one e-commerce platform, to their in-person POS system – wherever and whatever you're selling, Shopify's got you covered. With free Shopify Magic, sell more with less effort by whipping up captivating content that converts – from blog posts to product descriptions using AI. Sign up for $1/month trial period: https://shopify.com/momentofzen
---
Join our free newsletter to get Erik's top 3 insights from each episode: https://turpentinevc.substack.com/
---
RELATED SHOWS: The Limited Partner
If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner
---
X / TWITTER:
@AliBHamed (Ali)
@coventurevc (CoVenture)
@eriktorenberg (Erik)
@Turpentinemedia
@TurpentineVC
---
TIMESTAMPS:
(00:00) Episode Preview
(01:25) CoVenture in a Nutshell
(03:22) How CoVenture Succeeds in Credit
(06:50) Hard Conversations VCs Should Be Having
(10:01) How CoVenture Differentiates
(11:16) Venture Firms Getting Into Multiple Asset Classes
(14:19) Team Building and CoVenture's Future
(23:37) Future of CoVenture Continued
(28:24) Ali on Crypto
(31:07) Why LPs Are More Comfortable Giving Money to Big Brand VCs
(35:50) The Future of Venture
(37:41) The Evolution of Coventure
(44:27) Starting Over in 2024
(52:51) Understanding Different Asset Classes
---