Vyzer Weekly

Vyzer
  • 5.0 (1)
  • Investing
  • Updated Weekly

Vyzer Weekly is a recurring live conversation where investors come together to think more clearly about markets, risk, and private investing. Each Thursday we break down what actually mattered in the markets, take a focused deep dive into a key investing principle, and open the floor for real discussion. No hype, no pitches, no predictions, just practical clarity and a smarter way to approach investing. Join these shows live: https://go.vyzer.co/vyzerweeklycalls

  1. 4d ago

    Why You Can't Actually Invest in a Data Center (And the One Way You Can)

    Everyone is buying data centers. Someone has to get them approved, and that turns out to be the part nobody can do. Most investors hearing about the AI build out are being sold a story they cannot actually buy into. A turnkey data center runs $10 to $15 million per megawatt. A 50 megawatt site is half a billion dollars before a single server goes in. The building itself is institutional capital only, full stop. In this episode of Vyzer Weekly Calls, Litan Yahav and Mike Arndorfer are joined by Jamie Earp, who has spent close to two decades getting contentious digital infrastructure approved across hundreds of US jurisdictions. Cell towers first, then fiber, now data centers. The conversation is about where the actual constraint sits, and whether there is any door in for someone writing a normal check. In this conversation, we discuss: Why a data center is an infrastructure play and not a technology play, and why that changes how you underwrite itWhat these things really cost: $2 to $3 million a megawatt for a powered shell, $10 to $15 million fully built outThe one layer a non-institutional investor can access, where entitled and powered sites trade at roughly $150,000 to $750,000 a megawattWhy this boom is not the tower bubble or the fiber bubble: the demand is already here, and only about 10% of announced compute capacity has actually come onlineHow the politics flipped in six months, why Texas hit the brakes, and what New York's 50 megawatt moratorium does and does not blockThe water and power claims sorted out: closed loop cooling, how usage compares to a golf course, and why electricity prices move in deregulated markets specificallyWhy the grid stays the holy grail even for sites generating their own power, and where nuclear and natural gas realistically fitMike's pushback on the one accessible deal shape: a preferred return with 90% of the upside going to the sponsor puts you first in line for the loss and last for the gainWhat happens to returns when the supply gap closes, and Jamie's estimate of how long that takesThis is not a presentation or a pitch. It is a live, open conversation about how individual investors should think about an asset class that is mostly being marketed to people who cannot buy it. About Jamie EarpJamie Earp has worked in digital infrastructure for close to 20 years. He co-founded and served as President of Branch Communications, which built a portfolio of more than 900 wireless assets across 38 states and Puerto Rico, and co-founded Ubiquity, an owner and operator of fiber networks and edge data centers. His background is in getting contentious infrastructure sited and approved: rezonings, special use hearings, planning boards, and neighborhood opposition. Listen and subscribeYouTube: https://www.youtube.com/playlist?list=PLVH9Pz5-HyDBtJSrgG6tbZhhdX1v-6G6ESpotify: https://open.spotify.com/show/7F0JHBoB5SWvAi12WNmR2eApple Podcasts: https://podcasts.apple.com/us/podcast/vyzer-weekly/id1859061480Register for the next live call: https://go.vyzer.co/vyzerweeklycalls Jamie offered to take questions one on one. He is at Jamie@DigitalVenturesGP.com Vyzer Weekly Calls are weekly, live conversations designed to help investors think more clearly about risk, private investing, and long-term decision-making.

    Why You Can't Actually Invest in a Data Center (And the One Way You Can)

  2. Aug 28

    17 Ways a Real Estate Syndication Can Break

    Most LPs don't discover the risk they accepted until it has already cost them money. By then it isn't a risk anymore. It's a stress point, and the deal is usually past the stage where anything can be done about it. The uncomfortable part is that the warning signs were sitting in the pitch deck the whole time. In this episode of Vyzer Weekly Calls, Litan Yahav and Mike Arndorfer are joined by Christine, an LP who has been investing in syndicated real estate since 2018 and spent the last year building a system for the thing she felt she had gotten wrong: understanding risk before committing capital. She calls it the Risk Radar. This call is the community stress-testing it in real time. In this conversation, we discuss: - Why the risk you took only becomes visible once it has become a stress point - The three rings of the Risk Radar: what is fixed at closing, what the market drives, and what the sponsor controls - Why every single variable should be able to kill a deal on its own, and why you should stop rather than finish the analysis - The difference between a deal that implodes and a deal that is dead to you, and how layers of rescue capital wipe out common equity on a "successful" exit - Whether low risk and high reward can actually coexist, and a sharp disagreement over what standard risk and return theory gets wrong - Where the framework breaks down on blind pool funds, and why it gets more useful the later you come into one - How far you can trust AI to populate market data, and the 70/30 split between what it gets you and where you still have to do the work - Why a sponsor's refusal to share a number is itself a maximum-risk data point This is not a presentation or a pitch. It's a live, open conversation focused on how passive investors can see risk clearly before they commit capital, not after. About Christine Christine has invested as an LP in syndicated real estate since 2018 and created the Risk Radar, a free framework for mapping deal risk across market-driven and sponsor-driven variables. The blank templates, user manual, asset-class variants, and AI guide are all available on her site. https://www.netzeroisawin.com/s/the-risk-radar Listen and subscribe YouTube: https://www.youtube.com/playlist?list=PLVH9Pz5-HyDBtJSrgG6tbZhhdX1v-6G6E Spotify: https://open.spotify.com/show/7F0JHBoB5SWvAi12WNmR2e Apple Podcasts: https://podcasts.apple.com/us/podcast/vyzer-weekly/id1859061480 Register for the next live call: https://go.vyzer.co/vyzerweeklycalls Vyzer Weekly Calls are weekly, live conversations designed to help investors think more clearly about risk, private investing, and long-term decision-making.

    17 Ways a Real Estate Syndication Can Break

  3. Jul 9

    Jeremy Roll: What Diversification Actually Means for LPs

    Jeremy Roll has been a full-time LP for 24+ years and has lived off his private-market cash flow since 2007. He joins Litan Yahav and Mike to unpack what diversification really means once you leave stocks and bonds behind. The big idea: spreading money across five deals with the same operator isn't diversification. Real risk-spreading happens across three axes at once, asset class, geography, and operator. In this episode: Why capital events (refis, sales) get reinvested, never treated as spendable cash flow The trap in fully-amortized deals like ATMs and equipment leasing Funds vs. single-asset deals, and what the mix reveals about where we are in the cycle Reading blind-pool fund docs before you wire Position limits and why proper private diversification takes 5-10 years How Jeremy vets operators, and where gold and Bitcoin fit An educational conversation between LPs. Not financial advice, and nothing is being sold.

    Jeremy Roll: What Diversification Actually Means for LPs

  4. Jun 11

    What LPs Can Do When a Deal Goes Sideways

    When a private fund stops answering your emails, what can a limited partner actually do? In this Vyzer Weekly conversation, Litan Yahav sits down with Adam August and Chris Kirkpatrick of Wick Phillips' investment funds group to break down LP rights, GP removal, fraud vs. plain mismanagement, and what really happens once the SEC or FBI gets involved. Chris is a former SEC Enforcement Division attorney who later spent a decade as a hedge fund general counsel, so he's seen these fights from every side. Highlights: - Why "the government is involved" rarely means you get your money back — investigations run ~14 months while assets disappear - The statutory information demand: a low-cost tool where, in many states, the fund pays your attorney's fees if you win - The indemnification carve-out sophisticated LPs negotiate so a GP can't use fund money to defend their own bad acts - How a deal's state of formation (Wyoming, Montana, Nevada vs. Delaware/Texas) can be a quiet red flag - Unregistered securities, missing Form D, and general solicitation can trigger a rescission right — your money back, plus interest - What you can and can't safely say about a bad operator on LP forums without inviting a defamation suit Guests: Adam August (Partner) and Chris Kirkpatrick (former SEC Enforcement; former hedge fund GC) of Wick Phillips, Dallas. Listen on Spotify: https://open.spotify.com/show/7F0JHBoB5SWvAi12WNmR2e Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/vyzer-weekly/id1859061480 Watch on YouTube: https://www.youtube.com/playlist?list=PLVH9Pz5-HyDBtJSrgG6tbZhhdX1v-6G6E Subscribe to weekly calls: https://luma.com/vyzerweekly

    What LPs Can Do When a Deal Goes Sideways

  5. Jun 5

    The 5-Step Framework for Underwriting Private Deals

    The five-step framework two experienced LPs use to vet any private market deal before a dollar goes in. No guest this week, just Litan Yahav (Co-Founder & CEO of Vyzer) and longtime LP Mike Arndorfer opening up their exact process: sourcing, manager vetting, deal mechanics, risk, and portfolio fit. Then they put it to work on a live, anonymized $18M multifamily teardown. This is the practical version of the six-week program they run, condensed into one conversation. Highlights: Why most LP losses in privates came from having no framework, not interest rates or bad timing The five steps: source the deal, vet the manager, dissect the deal, price the risk, and ask whether it even fits your portfolio How to read a manager: track record behind the numbers, financial statements, transparency, and whether you're dealing with the operator or a capital raiser The fee trap: why the fees that hurt you live in the PPM and subscription docs, not the pitch deck A real deal walkthrough: an $18M multifamily raise on floating-rate bridge debt with a rate cap expiring in 18 months, and why the leverage is the point of failure This was the 30,000-foot version. The full framework is a six-week program where Litan and Mike go deep on each step against your own portfolio. Want in on the next cohort? Apply here: https://go.vyzer.co/lab Want to see deals that actually pass this kind of vetting? The ones that scored 4+ in our Investment Committee are here: https://dealreport.vyzer.co/top-scoring Litan Yahav is Co-Founder & CEO of Vyzer, a wealth platform that tracks over $30B in private assets and powers tools like GP Check (gpcheck.vyzer.co) for background-checking sponsors. Listen on Spotify: https://open.spotify.com/show/7F0JHBoB5SWvAi12WNmR2e Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/vyzer-weekly/id1859061480 Watch on YouTube: https://www.youtube.com/playlist?list=PLVH9Pz5-HyDBtJSrgG6tbZhhdX1v-6G6E Subscribe to weekly calls: https://luma.com/vyzerweekly

    The 5-Step Framework for Underwriting Private Deals

  6. May 8

    Investing in European Football | A.GAIN Capital

    European football is moving from trophy asset to institutional asset class — and the multiple gap between NFL/NBA franchises (7–10x revenue) and elite European clubs (3–5x) is the alpha thesis pulling Apollo, Sixth Street, RedBird, and others into the space. In this episode, Steven and James of Again Capital walk through how their $150–200M multi-club fund is positioned across elite minority stakes (Atlético Madrid, Leeds United) and transformational majority positions, and why the "three World Cup super cycle" makes 2026 the moment to underwrite this asset class. Highlights: - Why UEFA's 70% squad cost ratio is dragging European football EBITDA from -5% (2018) to +10% (2024), and why the Premier League adopting it next season changes the underwriting math. - The barbell strategy: minority positions alongside elite co-investors like 49ers Enterprises and Apollo, paired with controlling stakes in transformational clubs where real estate and stadium development drive the alpha. - Why sports has a 0.2 correlation to the S&P 500 (second-lowest of major asset classes) and has grown ~30% annually for 20 years per the RASFA index — and why JP Morgan reports 60% of their UHNW clients now hold a stake in a major sports franchise. - Regulatory nuance by jurisdiction: Italy enforces strict 1% or 100% ownership rules, Spain caps minority positions at 5%, England at 10% — and why Crystal Palace's demotion from the Europa League is the cautionary tale every multi-club operator now studies. - Why player trading is excluded from their base-case underwriting and treated as pure upside, and why the "three World Cup super cycle" (2026, 2030, 2034) is the multi-decade tailwind underpinning the thesis. Steven and James are partners at Again Capital, a Madrid-based multi-fund platform investing in private equity, real estate, infrastructure, and now sports and entertainment. Want to learn more about Rondo and A.GAIN's Sports & Entertainment strategy? Email Jaclyn@again.capital or mitchel.gorecki@again.capital — they'll coordinate a meeting and bring in the rest of the team. Subscribe to weekly calls: https://luma.com/vyzerweekly Listen on Spotify: https://open.spotify.com/show/7F0JHBoB5SWvAi12WNmR2e Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/vyzer-weekly/id1859061480 Watch on YouTube: https://www.youtube.com/playlist?list=PLVH9Pz5-HyDBtJSrgG6tbZhhdX1v-6G6E

    Investing in European Football | A.GAIN Capital

  7. Apr 30

    Why Your Diversified Portfolio Is Really One Big Bet | Sarah Shores, ex-Blackrock

    Sarah Shores spent 20 years at BlackRock — most recently as head of product for the firm's entire $2.8 trillion active investment platform. In this conversation, she walks through three institutional truths every individual investor should internalize: you own a portfolio (not a collection of deals), diversification matters more than almost anything, and liquidity is the catalyst for nearly every market crisis. Highlights: - The three Lego blocks that explain almost every asset class return: economic growth, real interest rates, and inflation — and why ~90% of most investors' return variance is dominated by growth alone. - Why the long bond stopped diversifying equity portfolios in 2022, and what institutions are buying instead (real assets, infrastructure, market-neutral hedge funds, catastrophe bonds, litigation funds). - The misunderstanding at the heart of the private credit boom: with capital pouring in, the liquidity premium has shifted to whoever can step in as lender of last resort during redemption gates — not to passive long-run LPs. - Why owning 20 multifamily value-add deals isn't diversification ("if it looks like a duck and sounds like a duck...") and how to think about risk-balancing rather than capital-balancing across a portfolio. - Why an independent central bank may be the single most important variable for investors right now — and why inflation shocks are far more dangerous than growth shocks. Sarah Shores is the founder of her own advisory practice helping asset managers, asset owners, and wealth tech companies design products and go-to-market strategies. Prior to that, she spent two decades at BlackRock leading factor investing, systematic active strategy, and the firm's full active platform. Want to connect with Sarah directly? Feel free to reach out to her directly - Sara.shores@madrone-ridge.com Listen on Spotify: https://open.spotify.com/show/7F0JHBoB5SWvAi12WNmR2e Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/vyzer-weekly/id1859061480 Watch on YouTube: https://www.youtube.com/playlist?list=PLVH9Pz5-HyDBtJSrgG6tbZhhdX1v-6G6E Subscribe to weekly calls: https://luma.com/vyzerweekly

    Why Your Diversified Portfolio Is Really One Big Bet | Sarah Shores, ex-Blackrock

  8. Apr 17

    Health Insurance Without a W-2 | Amber Flanagan

    What are your health insurance options when you don't have an employer plan? Amber Flanagan, breaks down the real choices — COBRA, ACA, union plans, small group LLCs, health shares, and HSAs — through the lens of risk management, not benefit shopping. Highlights: • Why a $110,000 emergency surgery is exactly what insurance should cover — and your copay isn't • How to form a two-person LLC with a family member to unlock nationwide group insurance (no revenue required) • ACA subsidies are income-based, not asset-based — and how investors with depreciation should navigate declared income • Union plans offer Blue Cross Blue Shield nationwide networks with no qualifying life event to join mid-year • HSAs as the most tax-efficient vehicle: $8,600 family deduction, tax-free growth, and you can invest the balance at Fidelity Amber Flanagan is the owner of Ashcon Financial, a Certified Financial Planner, and an insurance specialist focused on employee benefits and business succession planning. Listen on Spotify: https://open.spotify.com/show/7F0JHBoB5SWvAi12WNmR2e Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/vyzer-weekly/id1859061480 Watch on YouTube: https://www.youtube.com/playlist?list=PLVH9Pz5-HyDBtJSrgG6tbZhhdX1v-6G6E Subscribe to weekly calls: https://luma.com/vyzerweekly

    Health Insurance Without a W-2 | Amber Flanagan
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About

Vyzer Weekly is a recurring live conversation where investors come together to think more clearly about markets, risk, and private investing. Each Thursday we break down what actually mattered in the markets, take a focused deep dive into a key investing principle, and open the floor for real discussion. No hype, no pitches, no predictions, just practical clarity and a smarter way to approach investing. Join these shows live: https://go.vyzer.co/vyzerweeklycalls

Information

  • Creator
    Vyzer
  • Years Active
    2025 - 2026
  • Episodes
    25
  • Rating
    Explicit
  • Copyright
    © Vyzer
  • Show Website
    Vyzer Weekly

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