How I Invest with David Weisburd

Latest Episodes:

E113: Christopher Zook: Playing to Win - Lessons Learned from Scaling CAZ Investments to $8B and Building a Winning Culture Nov 19, 2024

Show notes

Christopher Zook, Founder, Chairman, & Chief Investment Officer at CAZ Investments sits down with David Weisburd to discuss the cost of keeping the wrong person on the team, the crucial mistake CEOs make when building a strong culture, and the secret behind faster growth and success.

The 10X Capital Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

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X / Twitter: @dweisburd (David Weisburd) @ChristopherZook (Christopher Zook) @caz_investments (CAZ Investments)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/ Christopher Zook: https://www.linkedin.com/in/christopher-zook/ CAZ Investments: https://www.linkedin.com/company/caz-investments-lp/

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Links: CAZ Investments: https://cazinvestments.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 (2:13) Underwriting and Involvement in Sports Teams (8:00) Key Themes Among Top Institutional Investors (10:23) Compounding in Business and Asset Management (15:20) Sector Specialization and Managing Downside Risk (21:06) Insights from 'The Big Short' (24:44) Navigating Market Misconceptions (26:14) Sponsor: Carta (30:03) Corporate Culture and Principles at CAS (32:23) Enforcing a Culture of Excellence (37:08) The Difference Between Managing and Coaching (39:25) Strategies for CEO Turnover and Employee Fit (41:34) Hiring, Firing, and Culture Maintenance (44:06) The Role of Reviews and Evaluations in Leadership (48:46) Aligning Stated and Actual Corporate Culture (49:02) Legislation Impacting Investment Access (51:27) Staying Updated with CAS and Final Takeaways (52:08) Closing Remarks

E112: Jake Paul: How to Build a Multi-Billion Dollar Startup Nov 15, 2024

Show notes

Jake Paul and Joey Levy, Co-Founders of Betr, sits down with David Weisburd to discuss Jake Paul’s bold vision for the future of sports betting and how the company seeks to become the market leader in the space.

The 10X Capital Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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X / Twitter: @dweisburd (David Weisburd) @jakepaul (Jake) @joeyslevy (Joey)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/ Joey Levy: https://www.linkedin.com/in/joey-levy-5b4b00a0/

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Links: Betr: https://www.betr.app/

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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 (0:52) Jake Paul's rise in boxing and the importance of self-belief (2:28) Jake Paul's focus and ambitions outside the ring (4:21) The inception of Jake Paul's sports betting company (6:28) The influence of psychedelics on personal and professional growth (7:37) Marketing strategies and embracing controversy (10:50) Joey Levy on partnership dynamics and equal ownership (13:35) Dedication to the success of Betr (16:23) Betr’s mission, market opportunity, and expansion (20:26) Strategies for customer acquisition and cost efficiency (24:05) The identity of Betr: Media company or betting company (25:04) Financial insights on Betr’s performance (27:31) Betr’s journey to a $100 billion valuation (29:40) Joey Levy's personal drive and background (31:43) Closing remarks

E111: KFF’s (Kaiser Family Foundation) CIO on their $700 Million Venture Capital Edge Nov 12, 2024

Show notes

Dean Duchak, Chief Investment Officer at KFF sits down with David Weisburd to discuss the lessons learned from 13 years at KFF, how to create a culture of collaboration in endowments, and Dean’s perspective on diversifying investment strategies.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

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X / Twitter: @dweisburd (David Weisburd) @KFF (KFF)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/ Dean Duchak: https://www.linkedin.com/in/deanduchak/ KFF: https://www.linkedin.com/company/kfforg/

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Links: KFF: https://www.kff.org/

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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 (2:41) Diversification and macroeconomic impacts on assets (7:07) Exploring thematic investing strategies (8:29) Sponsor: Carta (9:21) GP relationship-building for macro insights (11:54) Evaluating GP performance versus salesmanship (15:14) Pros and cons of managing a smaller endowment (17:17) Focus on venture capital in private allocation (20:47) The contrarian stance on venture capital liquidity (22:24) Investigating the persistence of venture capital returns (23:58) Asset gathering concerns and tax policy implications (27:22) Strategies for portfolio diversification (29:43) Approaching investments in new asset classes (31:27) KFF's key lessons and insights (33:09) Developing skills for new institutional investors (36:50) Closing remarks

E110: How Legacy Knight Scaled $1.5 Billion in Under 5 Years Nov 08, 2024

Show notes

David Sawyer, Chief Operating Officer & Managing Partner at Legacy Knight : Multi-Family Office sits down with David Weisburd to discuss the top mistakes investors make in GP stakes, why middle-market GP stakes could be a game-changer for investors, and how GP stakes outperform traditional investments in 2024.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

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X / Twitter: @dweisburd (David Weisburd) @legacyknightmfo (Legacy Knight:Multi-Family Office) @DavidPSawyer (David Sawyer)

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/ David Sawyer: https://www.linkedin.com/in/david-sawyer-a70ab912/ Legacy Knight: https://www.linkedin.com/company/legacy-knight-multi-family-office/

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Links: Legacy Knight:Multi-Family Office: https://legacyknight.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 (2:40) Understanding GP Stakes Investing (4:46) Succession Planning with GP Stakes (6:27) Evaluating GP Stakes Investments (12:11) Revenue Streams in GP Stakes (19:26) Sponsor: Carta (20:34) Investor Mistakes and Valuation Metrics (23:33) Middle Market GP Stakes: A Growing Landscape (25:37) Emerging Trends in GP Solutions Funds (26:41) Value Addition and Governance in GP Stakes (29:26) Due Diligence Processes in GP Stakes (32:58) Opportunities in Upper Middle Market Firms (35:54) Attractive Asset Classes for GP Stakes (38:23) New Entrants and Evolution in Portfolio Construction (41:49) Closing remarks

E109: Top Tier Capital Partners ($7B+ AUM) - Lessons Learned from Investing in 450 Funds Nov 05, 2024

Show notes

Ben Challgren, Principal at Top Tier Capital Partners sits down with David Weisburd to discuss what makes a top-performing fund, the surprising role of local managers in European venture success and the secrets to spotting a winning startup before it’s big.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

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X / Twitter: @dweisburd (David Weisburd) @TTCP_SF (Top Tier Capital Partners)

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LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/ Ben Challgren: https://www.linkedin.com/in/ben-challgren-aa0b2b98/ Top Tier Capital Partners: https://www.linkedin.com/company/top-tier-capital-partners/

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Links: Top Tier Capital Partners: https://ttcp.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 (2:17) Exploring secondary opportunities in the market (5:03) Strategies for assessing new fund managers (7:31) The impact of ecosystems on venture success (10:01) Client categories for venture fund of funds (12:33) Sector-specific vs. generalist investment strategies (14:06) Sponsor: Carta (21:14) Relationship dynamics with top-tier funds (24:03) Addressing concerns regarding market beta (25:11) The evolving landscape of fund of funds and new strategies (26:43) Chasing pure alpha in fund of funds investing (27:43) Understanding power laws in fund investing (30:05) Closing remarks

E108: What is the Future of Venture Capital? w/Charles Hudson Nov 01, 2024

Show notes

Charles Hudson, Managing Partner at Precursor Ventures sits down with David Weisburd to discuss how to support first-time fund managers, innovative strategies for sourcing deals in venture capital and tips for success on building relationships with limited partners.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

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X / Twitter: @dweisburd (David Weisburd) @PrecursorVC (Precursor Ventures) @chudson (Charles Hudson)

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LinkedIn: Precursor Ventures: https://www.linkedin.com/company/precursor-ventures/ Charles Hudson: https://www.linkedin.com/in/chudson/
David Weisburd: https://www.linkedin.com/in/dweisburd/

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Links: Precursor Ventures: https://precursorvc.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 (2:13) Startup experience and its impact on success (4:54) Portfolio construction and startup valuations (7:20) Fundraising challenges for new founders (10:50) Realistic targets and total addressable market (12:04) Investing in ideas or founders: A critical look (13:00) Feedback openness as a success predictor (16:03) Sponsor: Carta (16:49) Pre-seed investment strategies for high returns (18:43) Case study: Carrot Fertility's market opportunity (21:08) Staying informed: Information diet and cultural trends (24:27) Screen Door's role in supporting emerging managers (27:13) Crafting a differentiated investment pitch (28:52) Screen Door's portfolio strategy discussion (31:00) Transitioning from large platforms to independent GPs (35:26) Skill development outside of established firms (38:30) Closing remarks

E107: Caltech’s CIO’s $4.6 Billion Investment Strategy Oct 29, 2024

Show notes

Scott Richland, Chief Investment Officer at Caltech sits down with David Weisburd to discuss key portfolio secrets inside Caltech’s $4.5B endowment strategy, the importance of strategy discipline in asset management and how direct investments are chosen behind Caltech's opportunistic bucket.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

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X / Twitter: @dweisburd (David Weisburd) @Caltech (Caltech)

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LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/ Scott Richland: https://www.linkedin.com/in/scott-richland-459a415/ Caltech: https://www.linkedin.com/school/california-institute-of-technology/

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Links: Caltech: https://www.caltech.edu/

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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 (0:54) Portfolio Construction and Allocation (2:19) Team Structure and Investment Strategy (3:05) Advantages of Caltech's Endowment Size (4:21) Taxable vs. Non-Taxable Portfolios (5:55) Evergreen Funds and Their Benefits (7:08) Governance Structure and Investment Process (9:55) Sponsor: Carta (18:33) Macro Trends and Market Opportunities (22:01) Historical Market Downturns: Lessons Learned (22:43) The 2020 Market Drawdown: A Different Beast (23:24) Managing Emotions and Portfolio During Downturns (24:47) Reevaluating Investments: Best Practices (25:35) Human Nature in Investing: Avoiding Common Pitfalls (27:50) Asset Allocation and Direct Investments (30:12) Exploring New Investment Themes (35:25) The Role of Active vs. Passive Management (39:15) The Importance of Reducing Portfolio Volatility (40:59) Balancing Drawdowns and Expected Value (43:35) Leadership and Team Management (47:06) Reflections on a 14-Year Career at Caltech (49:10) Closing remarks

E106: How Pantheon ($60B) Invests Globally Oct 25, 2024

Show notes

Kunal Sood, Managing Director at Pantheon sits down with David Weisburd to discuss how US institutional investors can access Indian venture capital and private equity, key trends shaping India's unicorn startup ecosystem for global investors and how to leverage local expertise to navigate asia-pacific private markets.

The 10X Capital Podcast now receives more than 170,000 downloads a month. Are you interested in sponsoring an episode? Please email me at David@10xcapital.com.

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SPONSOR:

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X / Twitter: @dweisburd (David Weisburd)

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LinkedIn: Pantheon: https://www.linkedin.com/company/pantheon-ventures/ Kunal Sood: https://www.linkedin.com/in/kunal-sood-9582494/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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Links: Pantheon: https://www.pantheon.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 (1:16) Pantheon's investment focus (2:02) Differentiation of Pantheon and synergies between asset classes (4:16) The importance of relationships in asset management; Defining the mid-market (6:11) Growth equity, market conditions, and revisiting the opportunity set in India (7:04) Sponsor: Carta (9:24) Update on Indian infrastructure and investing in emerging markets (12:18) Opportunities in Japan, Australia, and calibrating strategies for different markets (17:25) Reflections on 11 years at Pantheon and conclusion (18:25) Closing remarks

E105: Ryan Serhant: How Successful Entrepreneurs Manage Time (1,000 Minute Rule) Oct 22, 2024

Show notes

David Weisburd speaks with Ryan Serhant, founder and CEO of Serhant, about the explosive growth following the Netflix debut of *Owning Manhattan*. They discuss how the show has transformed the business, increasing market diversification, website traffic, and lead engagement. Ryan also shares his insights on scaling a real estate business, the importance of culture in a distributed workforce, and why he sees Serhant as more than a brokerage—defining it as a sales as a service company with an innovative approach to training and technology. Throughout the conversation, Ryan reflects on his personal journey, the challenges of transitioning from broker to CEO, and the responsibility of building a brand tied to his own name.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd) @Serhant_ (Serhant) @RyanSerhant (Ryan Serhant)

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LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/
Serhant: https://www.linkedin.com/company/serhant/ Ryan Serhant: https://www.linkedin.com/in/ryanserhant/

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Links: Serhant: https://serhant.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 (1:16) Metrics and Growth (4:02) Sales Philosophy and Training (12:48) Balancing Roles and Responsibilities (14:34) Challenges and Successes in Real Estate (20:28) Scaling and Team Building (21:22) Understanding Personal User Manuals (21:40) Building the Right Team (22:54) The Importance of Company Culture (23:54) Leveraging Technology and AI (24:12) Becoming a Level Five Leader (25:39) The Power of Personal Branding (28:23) Defining and Building a Brand (31:13) The Thousand Minute Rule (33:05) Overcoming Challenges and Staying Focused (36:33) Final Thoughts and Reflections

E104: How to Start a Single Family Office w/Justinas Milašauskas Oct 17, 2024

Show notes

Justinas Milašauskas, Investment Manager at Willgrow sits down with David Weisburd to discuss the risks and rewards of investing in spinouts, top lessons learned from investing in venture and private markets and lessons on investing in emerging managers and navigating fragmented markets.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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SPONSOR:

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X / Twitter: @dweisburd (David Weisburd) @justi_nas (Justinas Milašauskas)

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LinkedIn: Willgrow: https://www.linkedin.com/company/willgrow-uab/ Justinas Milašauskas: https://www.linkedin.com/in/milasauskas/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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Links: Willgrow: https://willgrow.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 (1:45) The strategic advantage of operating businesses in portfolio construction (3:19) Investment cadence and the importance of recognizing one's weaknesses (5:25) Evaluating fund managers and the significance of their cap table (6:26) Sponsor: Carta (7:09) Investment strategies for spinouts and emerging managers (9:40) The evolution of emerging managers and ticket sizing lessons (11:12) Transition from public markets to private markets and the current investment climate (12:47) Differentiating as an LP and perspectives on European investment geography (14:24) Insights on investing in emerging managers and advantages of family office capital (15:54) Closing remarks

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