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 Chris Douvos, founder of Ahoy Capital and former Princeton Endowment manager, for a deep dive into the world of venture capital. Chris shares his perspective on the risk premium in venture, the influence of thought leaders like David Swensen, and the role of fund of funds in shaping the ecosystem. The conversation explores strategies for selecting top venture managers, the rise of Micro VCs, and the impact of regional industry clusters. Chris also weighs in on the evolution of large funds, the growing importance of asymmetric bets, and trends in crypto investing, offering practical advice for family offices and an inside look at the OpenLP movement.
Key Points
- The venture capital ecosystem is expanding beyond Silicon Valley, with new innovation hubs emerging globally that leverage robust local ecosystems.
- Investing in venture capital involves capturing risk premia through long-term horizons and illiquidity, making it a unique asset class compared to others.
- While there is increasing interest in transparency, venture capital remains challenging to fully demystify due to the delayed gratification and dynamic valuation of investments.
David Weisburd and Erik Torenberg sit down with LP Chris Douvos, founder of Ahoy Capital and formerly Princeton Endowment.
Chapters
| 0:00 | |
| 1:44 | |
| 3:10 | |
| 5:00 | |
| 7:29 | |
| 11:15 | |
| 13:46 | |
| 16:47 | |
| 22:43 | |
| 23:38 | |
| 24:35 | |
| 25:55 | |
| 27:49 | |
| 33:45 | |
| 37:03 | |
| 40:41 | |
| 46:10 | |
| 47:31 | |
| 50:06 |
Transcript
Loading transcript...