LP investment strategies, IRR focus, and more with Berkocorp's Joshua Berkowitz | E1882

This Week in Startups is brought to you by… Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you're ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain. Northwest Registered Agent. When starting your business, it's important to use a service that will actually help you. Northwest Registered Agent is that service. They'll form your company fast, give you the documents you need to open a business bank account, and even provide you with mail scanning and a business address to keep your personal privacy intact. Visit http://northwestregisteredagent.com/twist to get a 60% discount on your next LLC. LinkedIn Marketing. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to http://linkedin.com/angelpod * Today's show: Joshua Berkowitz joins Jason discuss the critical role of LPs in venture capital, his family office's diversification into the field (4:37), strategies for evaluating and selecting fund managers (14:26), and the intricacies of fund management and fundraising (30:41). * Timestamps: (0:00) Berkocorp's Joshua Berkowitz joins Jason (4:37) Why family offices diversify into venture capital - higher returns, high dispersion of returns, and the entrepreneurial aspect (9:32) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist (10:59) Evaluating emerging managers - looking for exceptional strategies and execution (14:26) Decision making processes at venture firms - consensus vs individual decision-making. (19:56) What a VC fund has to do to be successful (25:48) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist (26:41) Pros and cons of GPs being very vocal/political on social media (30:41) Quick disqualifications when evaluating new VC funds and challenges with GP "tourism" (34:59) LinkedIn Marketing - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod (36:20) What kills companies - "likely winners" vs "definitive winners" (58:42) Clarity in the process for GPs raising funds from LPs * Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Check out: https://www.berkocorp.ca/ * Thanks to our partners: (9:32) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist (25:48) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist (34:59) LinkedIn Marketing - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod * Follow at: X: https://twitter.com/berkowitz_josh https://twitter.com/Jason * LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason's suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin * Subscribe to the Founder University Podcast: https://www.founder.university/podcast