Grow Your Cashflow Podcast

Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.

We are your hosts, Pascal Wagner & Mike Klein, and today we are interviewing Seth Levine, Partner @ Foundry Group and we're diving into:
  • How much of your portfolio should be made up of VC funds?
  • Questions to ask a VC fund manager as part of your due diligence process
  • Why venture investing is a long term commitment?
With that said, let’s get to it!

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Links from this episode:
  • If you're looking for highly vetted opportunities to invest in, get access to our deal database of alternative investments & join our investor club at www.getfundbase.com.
  • Watch video on YouTube here: https://youtu.be/f5K5K3nEjJM

Links from our Guest
  • https://twitter.com/sether
  • https://www.linkedin.com/in/sethjlevine/
  • www.sethlevine.com
  • www.thenewbuilders.com

    Time Stamp:
    00:00 - Intro
    00:51 - The concept of venture capital
    01:30 - The importance of including private assets in a portfolio
    02:27 - The importance of diversification and risk-adjusted returns
    03:45 - Seth Levine explains the purpose and role of venture capital in the economy
    05:00 - The significance of venture capital in the growth of companies like Google and Amazon.
    06:10 - The uniqueness of Venture Capital as an asset class
    09:23 - Importance of understanding fund strategies and stages in Venture Capital
    10:00 - Seth Levine emphasizes the need for a long-term investment perspective in Venture Capital
    12:45 - Seth Levine discusses the impact of the pandemic on venture capital
    14:09 - Difference between venture capital and private equity
    16:00 - The need for a meaningful amount of money
    17:30 - Angel investments and the need to be comfortable with potential losses.
    18:00 - The learning curve and partnership benefits in venture capital.
    19:30 - The difference between managing in upmarkets and downmarkets
    22:06 - Seth Levine discusses the challenges of finding good deals, evaluating teams, and market analysis as a VC.
    23:44 - The role of luck in venture capital and the need for skill in evaluating investments.
    25:27 - The importance of continuous learning and adapting in the VC industry
    27:17 - The importance of planning for the next funding round to avoid running out of money
    29:25 - The difference between discussion topics and decision topics during board meetings 
    31:54 - The involvement of due diligence
    36:29 - The importance of being declarative in difficult decisions
    38:00 - Deal flow attraction and portfolio construction strategy
    41:00 - Seth's approach to managing the risk profile of investments
    42:45 - The average time it takes for a venture fund to return the investment
    45:35 - The role of market timing and valuation
    49:05 - The team sport aspect of venture investing
    49:52 - The discussion shifts to the recent crisis involving SVB (Silicon Valley bank)
    51:15 - The measured response of most VCs during the SVB crisis
    52:45 - The need for flexibility and reconsideration of banking agreements
    54:03 -  GSIBs (Globally Systemically Important Banks)
    55:19 -  The importance of evaluating banking relationships and risk management becomes a diligence question for LPs
    56:27 - Outro

Creators & Guests

Host
Mike Klein
VC, Digital Asset Fund Manager, Entrepreneur
Host
Pascal Wagner
I help accredited entrepreneurs & executives in the US replace their primary income through private investments.
Guest
Seth Levine
Partner @ Foundry Group

What is Grow Your Cashflow Podcast?

Welcome to Grow Your Cashflow Podcast where we help accredited investors learn how to earn consistent monthly passive income from private placements.

If you're uncertain about where to invest for dependable returns, have limited access to exclusive opportunities like private placements, or are looking for expert insights and guidance on generating consistent income across various asset classes, then this show is tailored just for you.

By listening to this show, you'll achieve your passive income goals faster by learning:
🚀 Proven strategies to secure monthly passive income. 
💡 Expert insights from successful fund managers and investors. 
🌐 How to access exclusive opportunities in private placements. 
📈 Techniques to diversify across multiple asset classes for a robust portfolio. 
💰 The well-guarded secrets of wealth accumulation used by the world's elite.

Try listening to our most popular episodes on your favorite podcasting platform or on YouTube. We look forward to you joining our community of investors. You’ll be one step closer to growing your cashflow!