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

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

Jordan Nel sits down with David Weisburd to discuss how to spot winning venture funds. In addition, they discuss portfolio construction and concentration, the scalability of venture funds and difficult conversations with GPs.

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)
@jordsnel (Jordan Nel)
@HummingbirdVC
--
LinkedIn:
Jordan Nel: https://www.linkedin.com/in/jordsnel/
David Weisburd: https://www.linkedin.com/in/dweisburd/ 
Hummingbird Ventures: https://www.linkedin.com/company/hummigbird-ventures/

--
LINKS: 
Hummingbird Ventures: https://www.hummingbird.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) Introduction and Overview of the Episode
(1:12) Genesis of Jordan Nel's Fund and Current Strategy
(3:21) Evaluating Founders and the Importance of their Background
(6:38) Importance of Urgency in Management and Entrepreneurship
(8:17) Portfolio Construction and Concentration
(10:47) Sponsor: Deel HR and Payroll Platform
(11:13) Why Small Funds Outperform Large Funds
(14:10) Understanding the LP Base and LP Demands
(17:32) Providing Value-Add as an LP and Tackling Challenging Conversations with GPs
(21:07) Interacting in the LP Ecosystem and Strategy for Follow-On Investments
(24:54) The Role of Judgment and Diligence in Investment Decisions
(28:52) Insider Investing and Differentiating Between Saving an Investment and Doubling on an Asymmetric Edge
(30:51) Conclusion and Invitation to Subscribe to the 10X Capital Podcast on YouTube

Claude Grunitzky sits down with David Weisburd to discuss Claude's journey as a venture-backed founder, securing an investment from Goldman Sachs, the importance of mentorship in venture capital, and Claude’s approach to spotting potential. They also delve into the creation of The Equity Alliance, the firm’s investment process, and their involvement with Serena Ventures.

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:
@claudegrunitzky (Claude Grunitzky)
@dweisburd (David Weisburd)
--
LinkedIn:
Claude Grunitzky: https://www.linkedin.com/in/claudegrunitzky/
The Equity Alliance: https://www.linkedin.com/company/the-equity-alliance-ny/
David Weisburd: https://www.linkedin.com/in/dweisburd/ 
--
LINKS:
The Equity Alliance: https://equityalliance.fund/
 --
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
(0:44) Journey to starting Trace TV
(2:16) Sponsor: Deel
(5:26) Securing an investment from Goldman Sachs
(7:52) Founding of The Equity Alliance
(11:39) 10X Capital Podcast Newsletter
(12:03) Mentorship in venture capital
(14:23) Claude's approach to spotting potential
(21:14) Importance of relationships and strategy
(22:21) Investing in Serena Ventures and the investment process at Equity Alliance
(27:05) Claude's personal mission
(27:49) Please visit & subscribe to the 10X Capital Podcast YouTube channel

Eric Poirier sits down with David Weisburd to discuss insights from the platform’s investment data on nearly $6 trillion in assets. They also talk about the top performing asset classes, the future of asset management and how to manage talent to scale a business. 

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)
@Addepar
--
LinkedIn:
Eric Poirier: https://www.linkedin.com/in/epoirier
David Weisburd: https://www.linkedin.com/in/dweisburd/ 
Addepar: https://www.linkedin.com/company/addepar/

--
LINKS: 
Addepar: https://addepar.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) Introduction and Eric Poirier's journey to becoming the CEO of Addepar
(4:56) Insight into Addepar's impressive dataset and its sophisticated capabilities
(8:22) Venture Capital as the best performing asset class and Addepar's business model
(11:10) Eric Poirier's vision for Addepar in 5, 10, 20 years and the building of its infrastructure
(14:32) Building a team and setting company culture at Addepar
(17:25) Comparing Eric's experiences at Palantir and Addepar
(18:22) Sponsor: Deel
(19:08) Employee attrition and client-centric approach at Addepar
(20:07) Importance of showing up as a CEO and the impact of a CEO's decisions
(22:09) The role of empathy and compassion in leadership and its impact on Addepar's growth
(23:40) Closing remarks with Eric Poirier and introduction of the 10X Capital Podcast Newsletter

Robert Rodriguez sits down with David Weisburd to discuss the role of creativity in filmmaking, cost-effective film production, and the influence of technology and AI in film. The discussion also covers Rodriguez's film fund, strategies for creating profitable movies, and the importance of living a creative life.

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:
@Rodriguez (Robert Rodriguez)
@dweisburd (David Weisburd)
--
LinkedIn:
David Weisburd: https://www.linkedin.com/in/dweisburd/ 
--
LINKS:
Robert Rodriguez Action Film Fund IR: alexis@troublemakerstudios.com
Robert Rodriguez IMDb: https://www.imdb.com/name/nm0001675/
 --
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
(1:41) Strategy for producing cost-effective films
(5:19) Bootstrapping in film
(10:05) Sponsor: Deel
(10:20) Adoption and impact of technology in film production
(13:29) AI in film production
(16:18) The Robert Rodriguez Experience
(20:10) The power of creativity
(22:47) The Film Fund
(29:07) Creating profitable movies
(30:03) The importance of living a creative life
(32:04) Please visit & subscribe to the 10X Capital Podcast YouTube channel