10X Capital Podcast
The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.
E29: Lo Toney, Plexo Capital on How He Raised Capital from Google, the Ford Foundation, Mass Mutual
David Weisburd interviews Lo Toney about his transition from angel investor to fund manager, his role at Plexo Capital, and his approach to working with founders. They discuss the importance of patience in early-stage investments, the diligence process for managers, and the strategy behind selecting LPs.
Key Points
- Evaluating young firms requires focusing on the GP's strategy, deal flow capabilities, and adherence to their investment cadence and ownership goals rather than early-stage IRR.
- Building a diverse LP base, including corporates, endowments, and family offices, can provide strategic advantages, such as introductions and additional resources for portfolio companies.
- GPX, a program by Plexo Capital, helps emerging fund managers transition from being great investors to successful fund managers by offering educational content, cohort-based learning, and networking opportunities.
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The Limited Partner podcast is part of the Turpentine podcast network. Learn more: turpentine.co
Chapters
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Transcript
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