He Refuses to Back Founders Without This Trait (It’s Not IQ) скачать в хорошем качестве

He Refuses to Back Founders Without This Trait (It’s Not IQ)

Can ethics, generosity, and long-term relationships really outperform aggression in venture capital? David Weisburd speaks with David Hornik about why “nice guys finish first… eventually,” how power-law outcomes shape a venture career, and why reputation compounds more reliably than tactics. Hornik explains why backing unflinchingly ethical founders isn’t just moral—it’s a durable competitive advantage in an industry defined by uncertainty. Highlights: Why Hornik only backs founders who are “unflinchingly ethical” Ethics vs. culture: where pushing hard crosses the line Why venture capital is a business of disappointment—and patience How one out of ten investments defines an entire career The human cost of startup failure and why it never gets easier Why power laws make venture outcomes feel irrational Compounding reputation as the most valuable long-term asset The “transitive property of reputation” in deal sourcing Why founders should diligence investors as hard as VCs diligence founders Giving vs. taking—and why pure givers still need boundaries Media, conferences, and platforms as multiplicative ways to add value EQ vs. IQ: why emotional intelligence matters more than raw intelligence Why Hornik won’t invest without sharing a meal with founders Guest Bio: David Hornik is the Founder of Lobby Capital and a veteran venture capitalist with over 25 years of experience investing from seed to pre-IPO. He previously spent two decades at August Capital and was the first institutional investor in companies including Splunk. David is known for his emphasis on ethics, reputation, and long-term relationship-building as core drivers of venture success. Our Podcast now receives more than 300,000 downloads a month. Are you interested in sponsoring an episode? Please email David Weisburd at david@weisburdcapital.com. We’d like to thank AlphaSense for sponsoring this episode! Sponsor: AlphaSense is the AI-powered market intelligence platform trusted by 85% of the S&P 100, helping investment professionals make faster, more confident, data-driven decisions. Built for hedge funds, asset allocators, private venture capital firms, and investment bankers, AlphaSense uses advanced AI and powerful search across premium proprietary content to surface the insights that matter most—before the market moves. Elevate your research and stay ahead of the competition. Visit https://www.alpha-sense.com/howiinvest/ to learn more. Stay Connected with David Weisburd: X/Twitter: @dweisburd LinkedIn:   / dweisburd   Weisburd Capital: https://www.weisburdcapital.com/ Stay Connected with David Hornik LinkedIn:  / davidhornik   Questions or topics you want us to discuss on How I Invest? Email us at david@weisburdcapital.com. Disclaimer: This podcast is for informational purposes only and does not constitute investment, financial, legal, or tax advice. Nothing in this episode should be interpreted as an offer to buy or sell any securities or to participate in any investment strategy. All opinions expressed by the host and guests are their own and do not represent the views of Weisburd Capital. Participants may hold positions or have financial interests in the companies, funds, or investments discussed. Any references to specific investments are for illustrative purposes only. Investing involves risk, including the potential loss of capital. Past performance is not indicative of future results, and any forward-looking statements are subject to risks and uncertainties. Any third-party data or opinions have not been independently verified. Listeners should conduct their own research and consult their own advisors before making any investment decisions. Timestamps: 0:00 The One Trait I Refuse to Compromise On 0:23 “Unflinchingly Ethical” — What That Really Means 2:00 Why Selling What You Can’t Deliver Is a Dealbreaker 3:49 Venture Is Built on Disappointment 5:50 The 1-in-10 Reality of Power Law Returns 8:12 When One Company Becomes 80% of Your Portfolio 9:16 What Actually Compounds in Venture 13:37 Why Nice Guys Finish First (Eventually) 24:29 How Givers Win Without Getting Exploited 36:12 Why I Won’t Invest Without Dinner First #assetmanagement #podcast #interview #privatemarkets #privatemarkets #ai #investing