“Any investor who, uh, does a call with us and not all of them ask, but anyone who asks, you know, can you give me your, you know, your worst decisions, worst fund, worst company, uh, learnings, observations, you know, I will give them a, a thorough run through.”
How I Invest with David Weisburd · E448: Gavin Ezekowitz on AI Valuations, Asymmetric Returns, and Why Great Investors Fail
Play from 1:07:26
1:07:26
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What was described
When a LP asks for worst decisions, give them a thorough run-through of the worst fund/company decisions, including learnings and observations
Said nearby on the same subject
“Authority comes down essentially to what decisions am I choosing as the human in the loop to make? What decisions am I giving to the agent to make? And what decisions can the AI agent never make?”
“I’ve purposefully reduced LP count: fund 1 60 LPs, fund 2 50, fund 3 22… keeping the fund small lets me stay flexible with checks and aligned with LPs.”
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Said on TBPN
Why it workedfund 1 ≈ 60 LPs; fund 2 ≈ 50 LPs; fund 3 ≈ 22 LPs; $35 M fund sizeShare this moment
“When asked about what policy she would change… she mentioned repealing the Citizens United decision…”
“One of the worst mistakes that you do, you actually destroy psychological safety is by asking people like, Hey, write us a comment. How did we do for a survey? And you do nothing with it.”