
Alex Edelson: Slipstream Investors
In this episode, Joel Palathinkal converses with Alex Edelson, who shares his journey leading to the launch of Slipstream. They discuss the significance of patience in investment and delve into the nuances of investment conviction and identifying talented fund managers. Alex elaborates on building a franchise and nurturing long-term partnerships with limited partners, while also addressing red flags and challenges encountered in fundraising. The discussion contrasts direct versus fund investments and explores structured fundraising. Alex highlights the collaboration with families and the benefits of emerging managers, wrapping up with insightful closing remarks.
Key Points
- Patience in venture capital is crucial, especially during periods of market exuberance, as maintaining high standards and waiting for the right opportunities can lead to better long-term outcomes.
- Successful early-stage venture investors possess a combination of unique competitive advantages, demonstrated value-add to founders, and the ability to build strong, trusting relationships with other investors and founders.
- Emerging fund managers should focus on transparency, building trust with LPs, and being realistic and thoughtful about their fund size and strategy to ensure they can execute effectively and attract long-term, aligned partnerships.
Chapters
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Transcript
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