E76: How FirstLook Picks the Top 10% of Venture Funds

Josh Porter, Co-Founder & General Partner at FirstLook Partners, sits down with David Weisburd to discuss FirstLook’s process for evaluating and selecting emerging managers. They also cover typical terms for co-invest, managing conflicts of interest, and the importance of strong personal relationships in venture capital. (0:00) Episode preview (0:11) FirstLook’s strategy (1:12) Co-investment dynamics (3:06) Typical co-invest terms (4:33) Managing conflicts of interest (6:24) Impact of personal background on investment decisions (9:10) Fostering relationships and trust in venture capital (11:28)Importance of trust and honesty in VC (12:27)Key criteria for selecting managers (15:33)10X Capital Podcast Newsletter (15:54)Investment diligence and adding value (20:18)Insight into hiring for venture roles (21:34)Lessons learned and time management (23:26)Closing remarks