E97: How Institutional Investors Access Crypto

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.

E97: How Institutional Investors Access Crypto

E97 • Sep 24, 2024 • 34 mins

Drew Myers, Co-Founder and Managing Partner at CrossLayer Capital sits down with David Weisburd to discuss the key to small funds thriving in pre-seed investing, how time diversification tame crypto volatility, and identifying persistent top quartile crypto funds.

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

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X / Twitter: @dweisburd (David Weisburd)

LinkedIn: CrossLayer Capital: https://www.linkedin.com/company/crosslayer-capital/ Drew Myers: https://www.linkedin.com/in/drew-myers-8764aa22/ David Weisburd: https://www.linkedin.com/in/dweisburd/

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Links: CrossLayer Capital: https://www.crosslayercap.com/

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at [email protected]

TIMESTAMPS:

Speakers

Drew Myers

Guest • 84%

David Weisburd

Host • 16%

Chapters

0:00	Episode Preview
2:01	Investment strategy: emerging vs. established managers and fund structures
4:20	Identifying alpha in venture and liquid crypto investments, comparison to biotech
6:12	Diligence and alignment in GP-LP relationships; lessons from Makena Capital
10:37	Approach to VC China strategy and parallels in crypto; early market mistakes
16:01	Divergent interests between GPs and LPs; systematic frameworks and investment theses
18:27	Portfolio construction and diversity with idiosyncratic bets
22:12	Pre-seed investments and their impact on return profiles
24:11	Managing risk in volatile markets and differentiating managers
27:26	Persistence of top quartile returns and market cycle impacts
29:30	Advice for institutional LPs entering crypto; regrets and lessons at Crosslayer
33:33	Closing remarks

Transcript

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