Talk Your Book: Direct to Consumer Venture Capital

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 6 January 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Elia Infascelli, Partner and CEO of The Cashmere Fund to discuss celebrities within VC, utilizing networks for private investments, how Cashmere was able to bring this to retail investors, how liquidity works for investors, portfolio structure with an evergreen fund, and much more! The Cashmere Fund disclosures: https://www.thecashmerefund.com/certain-risks-and-disclosures Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Today's Animal Spirits Talk Your Book is brought to you by the cashmere fund. Go to thecajmerefund.com to learn more how you can invest in venture capital in a retail product, ticker C-S-H-M-X. That's the cashmerefund.com to learn more.
0:17.5	Welcome to Animal Spirits, a show about markets, life, and investing.
0:21.6	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:26.8	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Riddholz wealth management.
0:33.1	This podcast is for informational purposes only and should not be relied upon for any investment
0:37.8	decisions. Clients of Ridholt's wealth management may maintain positions in the securities
0:42.1	discussed in this podcast. Welcome to Animal Spirits with Michael and Ben.
0:49.0	Michael, one of the things you and I have been talking about on the show and internally off air, I guess, is just the
0:55.5	explosion in private assets that are coming for financial advisors and retail investors.
1:02.5	It seems like it's already started, but it's only going to get bigger because fund companies
1:08.0	are now figuring out, let's take away a lot of the bad operational
1:11.9	stuff about running funds, the capital calls, the distributions, all this stuff that individuals
1:18.0	are just never going to be able to administer like institutions can. And let's make it more of these
1:23.5	evergreen funds, rolling funds, what are the interval funds, and make it easier and just
1:29.8	make it a wrapper and give you a little bit of liquidity. And I think that that sort of thing
1:34.8	is going to become more and more commonplace as we go along. Yeah, there is an inevitability
1:40.7	that the lines will start to blur the convergence of public and private markets
1:45.8	is definitely a thing. And I think for the end investor, they have to understand the risks and
1:51.2	the rewards, the lack of liquidity, how this fits inside their portfolio, what is actually
1:56.8	happening, what are the fee structures look like, what does success look like, all of those things
2:00.8	to determine whether or not this is a suitable investment for themselves. So I am
2:04.6	really bullish on like education in the space. Yes. Because I think there's just a large
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Compound, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Compound and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.