Ep. 117: Scott Neuberger, Karmel Capital | Data-Driven Secondaries in Software and AI скачать в хорошем качестве

Ep. 117: Scott Neuberger, Karmel Capital | Data-Driven Secondaries in Software and AI

Scott Neuberger, Co-Founder and Managing Partner at Karmel Capital, shares how later-stage secondaries can provide access to high-quality technology companies. Learn how to assess capital efficiency, management quality and growth durability using data and market signals, and get a repeatable lens for evaluating technology businesses. The conversation also sharpens how to think about AI investing over a realistic time horizon. Hear how to identify where value is likely to accrue over the next few years, why infrastructure matters in periods of rapid change and what concrete indicators suggest a credible path to liquidity in uncertain exit markets.    ⏱️ Time Stamps 0:00 Intro 02:33 Meet Scott Neuberger and Karmel Capital 04:00 From operator to secondary investor 05:00 What secondary investing actually means 06:50 Direct secondary transactions explained 08:40 How secondary deal flow really works 11:00 Why shareholders sell partial positions 13:00 How Carmel underwrites without internal access 14:30 Using proprietary data to track 500 companies 16:00 Buy and hold approach through IPO 17:45 Targeting companies 2 to 3 years from exit 19:30 Why top 15 VC firms drive most venture alpha 22:00 Capital efficiency as a core metric 23:30 Evaluating management teams and investor momentum 25:00 Why high profile companies are not always the best buys 26:00 How Carmel evaluates AI risk and opportunity 27:00 AI as the “Big Bang” moment 29:00 Why AI infrastructure is the near-term opportunity 31:00 Closing thoughts and how to connect 🎙️ Tune into the Private Equity Value Creation Podcast: https://Uw0e0m.short.gy/OuguTr 👇🏽 Find Us Here https://Uw0e0m.short.gy/yXvEWt #privateequity #privateequitypodcast #privateequityvaluecreation