How I Invest with David Weisburd E83: Tax Benefits of Investing in Venture Capital w/ Michael Schulman
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Aug 6, 2024 
Michael Schulman, Chief Investment Officer at Running Point Capital, shares his insights on the venture capital landscape. He discusses the importance of careful manager selection and the risks and benefits of investing with spinout managers. Schulman emphasizes the need for strong relationships with General Partners and delves into tax strategies before liquidity events. He also highlights the critical balance of quantitative and qualitative skills necessary for effective wealth management and successful investment communication.
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Key Factors for Deep Due Diligence
- Prioritize manager smartness, niche expertise, and established processes.
- For venture, add understanding of their deal decision-making process and track record.
Early Reference Checks And Investor Letters
- Conduct reference checks early alongside data room review.
- Study investor letters for insights into GP's personality and historical investment logic.
Timing VC Investments Post-Correction
- In recent markets, being first money into a VC fund post-correction offers better investment opportunities.
- Focus on funds with capital available to capitalize on today's valuations.