How LPs identify top emerging fund managers with Slipstream’s Alex Edelson | E1898
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 15 February 2024
⏱️ 81 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
LinkedIn Ads. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to http://linkedin.com/angelpod
Ketone-IQ is a clean energy boost without sugar or caffeine. Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST
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Todays show:
Alex Edelson of Slipstream Investors joins Jason to discuss fund of funds and their place in the venture ecosystem (1:28), ownership in relation to fund size (8:34), picking winners (25:08), generating liquidity for LPs (40:08), and much more!
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Timestamps:
(0:00) Slipstream Investor’s Alex Edelson joins Jason
(1:28) Alex explains what a fund of funds is and why people choose to invest in fund of funds rather than invest directly
(8:34) Why early stage funds overperform and ownership in relation to fund size
(11:48) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod
(13:09) What Alex looks for when picking venture funds, ownership, and why people invest in fund of funds cont.
(19:49) Evaluating ability to compete for deals at seed vs pre-seed stage
(23:55) Ketone-IQ - Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST
(25:08) Picking winners: Identifying promising companies early and tracking them
(39:01) Uizard - Get 25% off Uizard Pro for an entire year at http://uizard.io/twist
(40:08) Generating liquidity for LPs and picking emerging fund managers
(56:47) Competing for deals at the seed stage, the differentiation between pre-seed and seed, and deciding when to double-down
(1:01:41) Alex turns the tables and asks Jason some questions. But, first why is optimal fund size important?
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Follow Alex X: https://twitter.com/asedelson Check out Slipstream Investors: https://www.slipstreaminvestors.com/
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Follow Jason:
X: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(11:48) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod
(23:55) Ketone-IQ - Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST
(39:01) Uizard - Get 25% off Uizard Pro for an entire year at http://uizard.io/twist
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Check out the Launch Accelerator: https://launchaccelerator.co
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Check out Founder University: https://www.founder.university
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is a very long game and if you get your first funds right you get to be in venture for a really long time and if you don't |
| 0:08.4 | You have you won't be able to keep raising capital and so all the pressures on in those first few funds. |
| 0:13.8 | The fund size is typically smaller. |
| 0:15.7 | The investments, the sourcing, the picking, the winning, |
| 0:17.8 | the adding value is typically done by the core people |
| 0:20.3 | who thought they were uniquely positioned |
| 0:22.2 | to start this venture from. |
| 0:23.4 | Over time teams grow, fun sizes, grow, strategies may evolve and some of those can be |
| 0:30.7 | positive, but often those are not possible. |
| 0:35.0 | This week in startups is brought to you by LinkedIn Ads. |
| 0:40.0 | To redeem a $100 LinkedIn ad credit and launch your first campaign, go to LinkedIn.com |
| 0:45.4 | slash Angel Pod. |
| 0:48.0 | Ketone IQ is a clean energy boost without sugar or caffeine. |
| 0:53.0 | Get 30% off your first subscription order of ketone IQ at HVMN. |
| 1:00.0 | com slash twist. |
| 1:02.0 | And Wizard. |
| 1:03.0 | Struggling to transform innovative ideas into concrete product designs, |
| 1:08.0 | Wizard can help you turn your visions into polished UI designs in a fraction of the time while enhancing collaboration |
| 1:14.8 | across your entire team. |
| 1:16.1 | Get 25% off Wizard Pro for an entire year at wizard.io slash twist. That's UI I.O. slash Twist. |
| 1:23.0 | That's U I Z-A-R-D. I-I-O-S-T-T-T-T-T-T-E-E-E-S-E-E-O-Tiss. |
| 1:27.0 | Hey everybody, welcome back to this weekend startups, I'm Jason Caliccanus. I run a venture firm in Silicon Valley called Launch and we have a couple of |
... |
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