E1: Chris Douvos | Venture compared to other asset classes, the Solo GP phenomenon, and Chris's investing thesis
David Weisburd and Erik Torenberg sit down with LP Chris Douvos, founder of Ahoy Capital and formerly Princeton Endowment.
Key Points
- Venture capital is intrinsically linked to the progress of humanity, with its growth beyond Silicon Valley into global markets leading to wealth creation and more efficient service delivery.
- In venture capital, investors can collect two rare risk premia due to the nature of long-term bets and the illiquidity of investments, which should be compensated significantly for the time and risk taken.
- Direct investing alongside funds requires a high level of trust in partners to avoid selection bias and missing out on breakout deals that are crucial for exceptional venture capital returns.
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Transcript
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