I’ve written in the past on how the investing industry is overdue for innovation. 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 funds, family offices, and other institutional investors to interview for this research...
[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 firm’s culture. It’s well worth your time to read them,...
[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 investing success. Katina served as a Senior Executive and Management Committee...
[Continue Reading]Why some investors are happy with lousy returns
My recent post on “Asset Management is a Peculiar 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 of rationality, of professional investors. Anyone who calls me a...
[Continue Reading]ff Venture Capital Is First VC Fund To Raise Capital Under The JOBS Act
ff Venture Capital has consistently generated a gross IRR on invested capital in excess of 30%, in a world where the average ten-year returns for venture capital firms are in the single digits. But, historically we couldn’t say that it in a public setting. Now we can. Software is eating every industry, including the entrepreneurial ecosystem itself. Funding...
[Continue Reading]Free Copy of The Lower-Risk Startup: How Venture Capitalists Increase the Odds of Startup Success
One of my responsibilities is helping to accelerate value creation in our portfolio companies. I published the first research study on this topic in the Journal of Private Equity, peHub, Betabeat, and Techcrunch. The Journal of Private Equity has now (temporarily) made our full study available for complimentary download: The Lower-Risk Startup: How Venture Capitalists Increase the Odds of Startup Success. They...
[Continue Reading]