Superclusters

Helping emerging LPs think like established LPs

[David ☕ @cupazhou]

“Private assets work best when they’re inefficient.”

Zach Ruchman at HB Wealth is insane! (in a good way) but so many gems dropped in the latest ep of @SuperclustersLP

Quick thread:

[David ☕ @cupazhou]

“If I’m going to an AGM to learn about what’s going on in our portfolio, I am not doing my job.”

We've got @mehtaaapurva and JD Montgomery back on @SuperclustersLP to talk about what's happening in the VC market

Mini thread alert 👇

[David ☕ @cupazhou]

What a blast to have Julia on @SuperclustersLP

Probably the best compare and contrast ep on PE vs VC that we've had to date
- GP stakes
- fund extensions
- continuation vehicles
- portfolio construction models
- and, value-adds

But...... there's more:

[David ☕ @cupazhou]

“GPs can potentially over-index on how that value-add ties into a portfolio strategy.”

Finally have the amazing duo, Stacey Kline and Ben Gallacher on @SuperclustersLP and this truly is an episode where the quiet things are said aloud 👇

[David ☕ @cupazhou]

Sat down with JD Montgomery at Canterbury to chat about the 3 transitory periods in family offices
1/ Visibility - when do you show your children the 0's
2/ Influence - when do you allow them to invest with some %
3/ Control - when do they take ownership of all

[Dan Ratliff @danratliff]

@cupazhou @SuperclustersLP @samhuleatt Made a whole thread for the episode and left out the self promo for The Side Letter, so I'll do it for you - https://t.co/WUnPBqlxL4 coming soon...😉

[David ☕ @cupazhou]

“Lower barriers to entry doesn’t mean higher probabilities of success.”

It is my greatest privilege to have good friends on @SuperclustersLP

@samhuleatt's someone I've gone through blood, sweat & tears with so I can say 1st-hand I'm a diehard fan of Sam

Some of my fav moments:

[David ☕ @cupazhou]

Our latest @SuperclustersLP is finally out with the amazing Alex Felman from the Felman Family Office

https://t.co/Xzavq5uiif

And ofc my fav moments from it:

[Superclusters @SuperclustersLP]

@johnfelix123 @cupazhou 200%, especially at the early stage and early vintages

[David ☕ @cupazhou]

“I am not in a ‘what’ business; I’m in a ‘who’ business.”

Was lucky to have the amazing JD Montgomery at Canterbury on the newest episode of @SuperclustersLP

[David ☕ @cupazhou]

Can't imagine a better person to close out the @SuperclustersLP year than with my man @PeterJ_Walker !

Do you know when Peter first became a founder himself or how his dad influenced him?

& much more, but here some of my favorite takeaways:

[David ☕ @cupazhou]

I finally succumbed to the pressure

I'm in the hot seat now on @SuperclustersLP and my sparring partner, none other than my good friend @agarfinks , who in my humble opinion, is the one of the best interviewers alive

Beans she made me spill👇

[David ☕ @cupazhou]

So excited to finally have @EarnestSweat and @alexabinns on @SuperclustersLP !!

As part of our mini holiday series, celebrating the rising tides that raise all ships, as well as a X-over since they recently had me on @AllocatorsPod, I wanted to highlight the great work they do..

[David ☕ @cupazhou]

“Fundraising is a journey of finding investors who want what you have to offer; it’s not convincing somebody to do something.”

So excited to have @benjichoi @MiguelArmaza @taratan @arkadykulik on the last El Pack ep on @SuperclustersLP for the year

So many juicy nuggets 👇

[David ☕ @cupazhou]

“The limiting downside is actually something a lot of emerging managers don’t think about."

Finally got my buddy @Monsson_ on @SuperclustersLP

Some of my fav lessons👇

[David ☕ @cupazhou]

“A manager doesn’t generally fit into their ultimate quartile until Year 6.”

Always love my conversations with Apurva Mehta at Summit Peak and what an episode in the latest @SuperclustersLP pod 👇

[David ☕ @cupazhou]

“It’s a mathematical reality that the highest performing GPs in this part of the market often also have the highest kill rates."

Finally got the one and only @carolinetoch on @SuperclustersLP and we cover so much that LPs don't normally talk about 👇🏼

[David ☕ @cupazhou]

Psyched to have Yiwen Li on the latest ep of @SuperclustersLP and this is the all hands on deck ep on intuition as an investor 👇

[David ☕ @cupazhou]

“If you want to be told things when they aren’t going well, you can’t freak out when somebody tells you something that’s not going well. No emails in caps. No yelling. Take a moment to digest what you’re being told. You’re collecting information." @trishdigi on @SuperclustersLP👇

[David ☕ @cupazhou]

THIS is our punchiest episode to date! Jacob Miller from @optoinvest was profound from the 1st minute

I will also note, this is also likely our most intellectually philosophical episode to date on @SuperclustersLP

My favorite lessons 👇