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Get the Final Draft of Our Paper on Disruption of the Asset Management Industry

I’ve mentioned previously that I’m working on a research study on disruption of the asset management business.  We are now sharing the final draft of our research study  with reviewers.  If you’d like to take a look, please send me your email ASAP.   My co-authors are Katina Stefanova (former [...continue reading]

Seeking Investors to Participate in Study on Disruption of Asset Management

I’ve written in the past on how the investing industry is overdue for disruption.  I’m now launching a research project to better understand the emerging investment opportunities. We are seeking Partner-level investment professionals at hedge funds, mutual funds, VCs, sovereign wealth funds, pension [...continue reading]

Design Your Company Culture Like The World’s Largest Hedge Fund

Ray Dalio, Founder of Bridgewater Associates, the world’s largest hedge fund, is a man after my own heart.  A few years ago he publicly set down his core Principles for living, managing, and investing.  Bridgewater uses these codified rules for recruiting, training, and most important, managing the [...continue reading]

How To Disrupt The Investing Business, With Katina Stefanova (Ex-Bridgewater Management Committee)

I had a conversation recently about the investing business with Katina Stefanova, who recently left Bridgewater, the largest hedge fund in the world. I’ve always had great respect for Bridgewater, which unlike most investing organizations realizes just how critical processes and culture are to [...continue reading]

How Startups are Disrupting Financial Technology

I participated in the Milken Institute Global Conference last week, for the first time.  It was very worthwhile, a chance to connect primarily with other investors (mostly public markets/private equity), and a range of other people (media, tech, academics, etc.)   I definitely recommend attending if [...continue reading]

Why Some Investors Are Happy with Lousy Returns

My recent post on “Asset Management is a Bizarre Industry Ripe for Disruption” got one of the most interesting reactions I’ve received.  Among the more thoughtful respondents was Terri Chernick, Chief Investment Officer, The Koffler Group.  We had an email conversation about the rationality, or lack [...continue reading]

Where are the Deals? How VCs Identify the Next Generation of Startups

You’ve probably read dozens of articles about how to raise capital from venture capitalists. However, as a VC, we have the opposite problem: how do we find companies in which to invest? It might appear that origination is becoming much easier because of new tools like AngelList and the SEC moving [...continue reading]

Asset Management Is A Bizarre Industry Ripe For Disruption

Since I became an institutional investor, my #1 learning is: this is a highly unusual and somewhat baffling industry.  Asset management shows the traditional earmarks of an industry ripe for disruption -- most obviously, unhappy customers and extremely profitable incumbents.  Despite this, it’s [...continue reading]

Turning the Tables: How to Make Venture Capitalists Pitch You

I’m returning to Capital on Stage this fall in New York. Last year, 19 other VC fund Partners and I pitched to 170 attendees; this year the conference organizers expect a similar turnout. You can see online my own pitch and all the other VCs pitching last year in NY  . To attend, apply via the [...continue reading]

High Returns On A Small Fund Challenge Low Returns On A Big Fund

I previously posted this on Techcrunch. Let’s say you decide to invest in a VC fund.  Congratulations: you’re now supporting the least unpopular part of the investing industry.  That said, how do you avoid suffering the poor median returns the industry is known for? Assuming you have a large [...continue reading]

Inaugural Investor Day @ FinTech Innovation Lab

This is a guest post from our intern Franklin Bi . On Friday morning, I witnessed another volley of shots being fired from New York City at Palo Alto during FinTech Innovation Lab's Inaugural Investor Day. The Lab is a collaboration between the New York City Investment Fund and Accenture, with [...continue reading]

FinTech Innovation Lab Launch Event – June 2, 2011

The new FinTech Innovation Lab, an annual program run by the New York City Investment Fund and Accenture, had their launch event on Thursday night. It attracted a very high quality crowd of senior executives from major investment banks and members of the innovation community --- two groups that [...continue reading]

Social Media Week panel-News Dissemination in a Social Finance World

I enjoyed today's panel at Social Media Week, with Paul Murphy of the Financial Times, presenting FT Tilt, followed by a panel on "News Dissemination in a Social Finance World". Howard Lindzon was a highly entertaining moderator. Twitter tag for discussion: #SMWFT FT Tilt is a new [...continue reading]

Web 2.0/Enterprise 2.0 in the Financial Services Industry

Matt Nelson of Tower Group was kind enough to give me permission to post his thoughtful slides on "Web 2.0/Enterprise 2.0 in the Financial Services Industry", from the recent New York Financial Markets World conference on "Web 2.0 and Enterprise 2.0 in Capital Markets."  Christopher Rollyson [...continue reading]