The 10X Capital Podcast: The Limited Partner with David Weisburd and Erik Torenberg | Startups, Venture Capital, and Limited Turpentine

Hunter Horsley, CEO of Bitwise Asset Management, sits down with David Weisburd to discuss the institutional investment case for Bitcoin and digital assets. In addition, they discuss the diversification benefits of digital assets for portfolio construction, bull arguments for Bitcoin, and expanding the GDP of the internet through increasing use cases of public blockchains. 

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

We’re proudly sponsored by Deel. If you’re ready to level up your HR and payroll platform, visit:
https://bit.ly/deelx10xcapital 
--
SPONSOR

Deel

Most businesses use up to 16 tools to hire, manage, and pay their workforce, but there's one platform that has replaced them all: that’s Deel.

Deel is the all in one HR and payroll platform built for global work. The smartest startups in my portfolio use Deel to integrate HR, payroll, compliance, and everything else in a single product so you can focus on what you do best. Scale your business and let Deel do the rest. 

Deel allows you to hire onboard and pay talent in over 150 countries from background checks to built in contracts. You can manage the entire worker life cycle from a single and easy to use interface. 

Click here to book a free, no strings attached, demo with Deel today:
https://bit.ly/deelx10xcapital 
--
X / Twitter:
@HHorsley (Hunter Horsley)
@BitwiseInvest (Bitwise Asset Management)
@dweisburd (David Weisburd)
--
LinkedIn:
Hunter Horsley: https://www.linkedin.com/in/hunter-horsley-11512721/
Bitwise Asset Management: https://www.linkedin.com/company/bitwise-asset-management/
David Weisburd: https://www.linkedin.com/in/dweisburd/ 
--
LINKS: 
https://bitwiseinvestments.com/
 --
NEWSLETTER:
By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/ 
--
Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
--
TIMESTAMPS: 
(0:00) Episode Preview and Overview of Bitwise
(5:29) Discussion on the Bitwise Bitcoin ETF
(10:53) Exploration of Institutional Investment in Crypto
(18:49) Sponsor: Deel
(20:53) Use Cases of Public Blockchains
(25:52) The Role and Impact of Developers in Crypto
(30:40) 10X Capital Podcast Newsletter
(31:06) Future of Bitwise and its Role in the Digital Asset Space

Eric Satz, CEO of Alto, sits down with David Weisburd to discuss how startups can access $13 trillion in retirement capital. In addition, they discuss why to invest in alternative assets via retirement capital, strategies for personal venture portfolio construction and how cryptocurrency fits into alternative asset investing. 

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

We’re proudly sponsored by Deel. If you’re ready to level up your HR and payroll platform, visit:
https://bit.ly/deelx10xcapital 
--
SPONSOR

Deel

Most businesses use up to 16 tools to hire, manage, and pay their workforce, but there's one platform that has replaced them all: that’s Deel.

Deel is the all in one HR and payroll platform built for global work. The smartest startups in my portfolio use Deel to integrate HR, payroll, compliance, and everything else in a single product so you can focus on what you do best. Scale your business and let Deel do the rest. 

Deel allows you to hire onboard and pay talent in over 150 countries from background checks to built in contracts. You can manage the entire worker life cycle from a single and easy to use interface. 

Click here to book a free, no strings attached, demo with Deel today:
 
https://bit.ly/deelx10xcapital 
--
X / Twitter:
@dweisburd (David Weisburd)
@ericsatz (Eric Satz)

--
LinkedIn:
Eric Satz: https://www.linkedin.com/in/eric-satz-altoira/
David Weisburd: https://www.linkedin.com/in/dweisburd/ 
Alto: https://www.linkedin.com/company/altoira/

--
LINKS: 
Alto: https://www.altoira.com/

 --
NEWSLETTER:
By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/ 
--
Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
--
TIMESTAMPS: 

(1:03) Guest introduction: Eric Satz and Alto
(2:45) Role and user experience of Alto in self-directed investing
(5:15) The problem with alternative IRA investments and Alto's solution
(7:16) Alto's platform, integrations and partnerships
(10:25) Discussion on investable assets in the US and the evolution of Alto's thesis
(13:15) The need for democratization in investing
(17:42) Discussion on Peter Thiel's Roth IRA story
(20:17) Sponsor: Deel
(21:00) Suggestions for portfolio diversification and investing in crypto
(25:37) The psychological struggle of trading and advantages of alternative asset investments
(30:06) The future of Alto
(32:07) Importance of timing, luck and people in startup success and closing remarks

Chris Rizik, CEO of Renaissance Venture Capital sits down with David Weisburd to discuss Renaissance’s unique approach to venture. In addition, they discuss how large corporations participate in venture, when to admit a loss vs. doubling down and signals of a strong fund manager. 
The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co
We’re proudly sponsored by Deel. If you’re ready to level up your HR and payroll platform, visit:
https://bit.ly/deelx10xcapital 
--
SPONSOR
Deel
Most businesses use up to 16 tools to hire, manage, and pay their workforce, but there's one platform that has replaced them all: that’s Deel.
Deel is the all in one HR and payroll platform built for global work. The smartest startups in my portfolio use Deel to integrate HR, payroll, compliance, and everything else in a single product so you can focus on what you do best. Scale your business and let Deel do the rest. 
Deel allows you to hire onboard and pay talent in over 150 countries from background checks to built in contracts. You can manage the entire worker life cycle from a single and easy to use interface. 
Click here to book a free, no strings attached, demo with Deel today:
https://bit.ly/deelx10xcapital 
--
X / Twitter:
@dweisburd (David Weisburd)
@ChrisRizik (Chris Rizik)
--
LinkedIn:
Chris Rizik: https://www.linkedin.com/in/chris-rizik-674300
David Weisburd: https://www.linkedin.com/in/dweisburd/ 
Renaissance Venture Capital: https://www.linkedin.com/company/renvcf/
--
LINKS: 
Renaissance Venture Capital: https://renvcf.com/contact/
The Innovator's Dilemma by Clayton Christensen: https://a.co/d/0TZS0Qw
 --
NEWSLETTER:
By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/ 
--
Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
--
TIMESTAMPS: 
(0:44) Introduction of guest Chris Rizik and overview of Renaissance Venture Capital
(2:36) The Innovator's Dilemma and evolution of large tech companies
(4:18) Challenges and opportunities of promoting startups in the Midwest
(6:06) The growth of unicorns in the Midwest and the importance of consistent returns
(9:36) Importance of growth when investing in fund managers
(10:21) Sponsor: Deel
(12:19) Lessons learned and mistakes made in venture capital
(19:11) Chris Rizik discusses the ideal fund to invest in
(21:15) Importance of patience and networking in investing
(24:48) Potential of underserved geographies for startup communities

Trish DiGirolomo, investment manager at Babson College sits down with David Weisburd to discuss scaling Babson College’s endowment via disciplined strategy and process. In addition, they discuss the advantages of patience and a focus on cash on cash returns, criteria for manager selection, and leveraging experienced alumni in the investment process. 

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

We’re proudly sponsored by Deel. If you’re ready to level up your HR and payroll platform, visit:
https://bit.ly/deelx10xcapital 
--
SPONSOR

Deel

Most businesses use up to 16 tools to hire, manage, and pay their workforce, but there's one platform that has replaced them all: that’s Deel.

Deel is the all in one HR and payroll platform built for global work. The smartest startups in my portfolio use Deel to integrate HR, payroll, compliance, and everything else in a single product so you can focus on what you do best. Scale your business and let Deel do the rest. 

Deel allows you to hire onboard and pay talent in over 150 countries from background checks to built in contracts. You can manage the entire worker life cycle from a single and easy to use interface. 

Click here to book a free, no strings attached, demo with Deel today:
 
https://bit.ly/deelx10xcapital 
--
X / Twitter:
@dweisburd (David Weisburd)
@trishdigi (Trish DiGirolomo)

--
LinkedIn:
Trish DiGirolomo: https://www.linkedin.com/in/patriciadigirolomo/
David Weisburd: https://www.linkedin.com/in/dweisburd/ 

--
LINKS: 
https://www.babson.edu/
 --
NEWSLETTER:
By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/ 
--
Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
--
TIMESTAMPS: 

(0:00) Trish DiGirolomo discusses the investment strategy and process at Babson Endowment
(4:57) Role of private equity in Babson's portfolio and philosophy on holding positions post IPO
(10:34) Importance of patience, conviction, and timing in venture capital investments
(13:08) The role of secondaries market in venture capital
(16:11) Leveraging relationships and the value Babson brings to a fund
(20:16) The structure of Babson's investment office and criteria for assessing potential managers
(26:27) Sponsor: Deel
(28:31) Diversified alpha and return thresholds
(33:07) Importance of conviction and thesis in strategy
(41:59) Dealing with difficult personalities in GPs

Erik Iverson and Mike Partsch of the Wisconsin Alumni Research Foundation (WARF) sit down with David Weisburd to discuss how WARF supports innovation while driving financial returns. In addition, they discuss the case for investing in life sciences, how inventions turn into portfolio companies and the importance of maintaining relationships through market cycles. 

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

We’re proudly sponsored by Deel. If you’re ready to level up your HR and payroll platform, visit:
https://bit.ly/deelx10xcapital 
--
SPONSOR

Deel

Most businesses use up to 16 tools to hire, manage, and pay their workforce, but there's one platform that has replaced them all: that’s Deel.

Deel is the all in one HR and payroll platform built for global work. The smartest startups in my portfolio use Deel to integrate HR, payroll, compliance, and everything else in a single product so you can focus on what you do best. Scale your business and let Deel do the rest. 

Deel allows you to hire onboard and pay talent in over 150 countries from background checks to built in contracts. You can manage the entire worker life cycle from a single and easy to use interface. 

Click here to book a free, no strings attached, demo with Deel today:
 
https://bit.ly/deelx10xcapital 
--
X / Twitter:
@dweisburd (David Weisburd)

--
LinkedIn:
Erik Iverson: https://www.linkedin.com/in/erik-iverson-76a0891/
Mike Partsch: https://www.linkedin.com/in/mikepartsch/
David Weisburd: https://www.linkedin.com/in/dweisburd/ 
WARF: https://www.linkedin.com/company/wisconsin-alumni-research-foundation/

--
LINKS: 
WARF: https://www.warf.org/

 --
NEWSLETTER:
By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/ 
--
Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
--
TIMESTAMPS: 
(0:00) Introduction and overview of Wharf
(1:45) Investment strategy and portfolio construction
(4:08) Correlation between industry hype and venture returns
(7:00) Sponsor: Deel
(8:40) Process of spinning out companies from the University
(12:45) Sourcing and developing new relationships in venture capital
(15:06) Discussion on unfair practices in valuation and liquidation
(16:38) Challenges of venture capital
(17:04) The mission and highlights of WARF

Michael Downing sits down with David Weisburd to discuss emerging manager venture funds, the MDSV Capital Extension Program, and the effect of market conditions on fundraising. They also discuss the role of MDSV in the venture capital landscape, portfolio construction, LP expectations, and Michael’s background as an entrepreneur and investor. The conversation wraps up with a discussion on the importance of not overlooking emerging managers as a key part of the venture ecosystem.

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

We’re proudly sponsored by Deel. If you’re ready to level up your HR and payroll platform, visit:
https://bit.ly/deelx10xcapital 
--
SPONSOR

Deel

Most businesses use up to 16 tools to hire, manage, and pay their workforce, but there's one platform that has replaced them all: that’s Deel.

Deel is the all in one HR and payroll platform built for global work. The smartest startups in my portfolio use Deel to integrate HR, payroll, compliance, and everything else in a single product so you can focus on what you do best. Scale your business and let Deel do the rest. 

Deel allows you to hire onboard and pay talent in over 150 countries from background checks to built in contracts. You can manage the entire worker life cycle from a single and easy to use interface. 

Click here to book a free, no strings attached, demo with Deel today:
 https://bit.ly/deelx10xcapital 
--
X / Twitter:
@michaeldowning (Michael Downing)
@MDSVCapital (MDSV Capital)
@dweisburd (David Weisburd)
--
LinkedIn:
Michael Downing: https://www.linkedin.com/in/michaeldowning/
MDSV Capital: https://www.linkedin.com/company/mdsvcapital/
David Weisburd: https://www.linkedin.com/in/dweisburd/ 
--
LINKS:
MDSV Capital: https://www.mdsv.vc/
 --
NEWSLETTER:
By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/ 
--
Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
--
TIMESTAMPS
(0:00) Episode preview and discussion on outliers in emerging manager funds
(6:00) Overview of the MDSV Capital Extension Program
(9:45) Sponsor: Deel
(13:13) Impact of market conditions on fundraising
(16:37) Role of MDSV in the venture capital landscape
(20:27) Portfolio construction and expectations of LPs
(23:31) Michael Downing's background as an entrepreneur and investor
(25:32) 10X Capital Podcast Newsletter
(26:27) The importance of not overlooking emerging managers in venture capital
(27:38) Please visit & subscribe to the 10X Capital Podcast YouTube channel