Conviction & Concentration: An LP Playbook for the AI Wave — Uncapped
Update: 2025-11-25
Description
How do limited partners pick winners when AI makes early-stage markets feel both euphoric and risky? In this 3-minute summary (originally 40 minutes), host Jack Altman distills his conversation with Mel Williams of True Bridge — the allocator behind funds that backed founders like Josh Kushner and firms linked to Peter Thiel and Marc Andreessen. You’ll get the core LP framework for navigating AI, concentration, and stretched valuations: why AI drives outsized power-law winners, when to be contrarian, how to structure allocations between premier platform funds and edge seed managers, and the red flags around product-market fit and high-priced rounds. Key takeaways include portfolio concentration, signal-based diligence, and practical advice for new LPs. Listen now to get the key ideas in minutes.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
