Alex Edelson

32 posts

Alex Edelson

Alex Edelson

@asedelson

Founder & GP at Slipstream Investors

Washington, DC Katılım Nisan 2020
1.2K Takip Edilen319 Takipçiler
Alex Edelson
Alex Edelson@asedelson·
Thanks to @DWeisburd for a thoughtful and fun conversation!
David Weisburd 🚀@DWeisburd

BREAKING: Alex Edelson on LP Alpha, Seed Fund Diligence, and Why “Real Talk” Is the Hardest Edge in Venture From QED to Slipstream, Alex Edelson has become one of the most influential LPs in early-stage venture. This episode goes deep into sourcing, references, anti-selling, and how top LPs separate signal from noise. Highlights from my conversation with Alex Edelson (@asedelson ) (0:00) Introduction (0:06) Seed funds, AI usage, and diligence processes (1:56) Growing prominence of AI and unique investment approaches (4:00) Constructive GP conversations and Slipstream's strategy (6:11) Comparisons to Palantir and investment beliefs (8:07) Differing views on identifying good GPs (10:55) The importance and role of references in diligence (19:04) Screening out funds and challenges for emerging managers (25:49) Attracting top LPs and building relationships (30:03) The concept of antiselling and excitement for the future (35:17) Closing remarks 🎥 Full episode below 👇

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OpenLP
OpenLP@Open_LP·
“Did we learn nothing from 2021?” On this Origins Minisode, @nchirls & @Beezer232 revisit their convo w @asedelson of Slipstream Investors to unpack whether the echoes of 2021 signal another bubble. 📈100x revenue multiples are back 💸Liquidity is still uneven ⏳& as Nick put it: “Cycles are getting shorter, lumpier, and crazier than they’ve ever been.”
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Beezer Clarkson
Beezer Clarkson@Beezer232·
We’re seeing echoes of 2021 in today’s market. But Is this discipline or déjà vu? In the new Origins Minisode @nchirls & I unpack what’s really changed (and what hasn’t) since the last cycle—through the lens of our convo w/ @asedelson of Slipstream. We discuss this & more listen now.👇
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Nicholas Chirls
Nicholas Chirls@nchirls·
I hear / see lots of folks in venture doing things because “they’re playing the game on the field.” I’ve never understood this. Feels like a justification for mediocrity.
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Alex Edelson
Alex Edelson@asedelson·
Excited and grateful to partner with @joshuabrowder !
Joshua Browder@Joshuabrowder

Sequoia Capital, Marc Andreessen and top institutions back New $30m Browder Capital Fund Four: Today, I’m excited to announce that I’ve raised Browder Capital Fund Four, a $30,000,000 fund backed by Sequoia Capital, Marc Andreessen, Chris Dixon, Arthur Patterson (founder of Accel), Walter Kortschak (founder of SignalFire) and some of the world’s top institutional investors, including Cendana Capital, General Endowment Management, Level Ventures, Hummingbird Ventures (Nomads), and Slipstream. I’m an accidental investor. In 2018, I stopped out of Stanford to take the Thiel Fellowship. One in ten Fellows goes on to build a billion dollar company. That’s how I met Adam Guild. I didn’t have a fund. I didn’t have any real savings. But my Thiel Fellowship payment had just hit my bank account. So I decided to invest it into Adam’s company as his first investor. Yesterday, that company, Owner, announced their Series C at a $1 billion valuation. Since then, I’ve been lucky to back many of the best young founders across previous funds (Whop, Wander, Assured, Pilgrim, Yuzu Health, Micro1, among many others), including other unannounced pre-seeds to unicorns. Indeed, Browder Capital is an investor in more Thiel Fellows than any other person or fund, including 50% from last year’s class (2023). While many funds back dozens of startups at once, often chasing hype, I prefer to go all in on one overlooked technical founder at a time. I’ve hosted 19 year old strangers at my apartment, put their visas on my personal credit card, co-signed their first leases. Whatever it takes to get them to start their company. Fund Four will double down on that mission: becoming the first believer to rare individuals who build billion dollar companies from scratch.

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Alex Edelson
Alex Edelson@asedelson·
Congrats to @seanwdoolan and @EmreTKaratas at @virtue_vc! Grateful for your partnership.
Sean Doolan@seanwdoolan

We are thrilled to share the close of our second fund, “V2”, at $55.75M! In V2 we intend to continue partnering with exceptional pre-seed & seed healthcare founders as an additive lead or co-lead partner. Our check sizes will range from $1-2M across 25 companies over the next 3 years. At @virtue_vc we partner with founders in their earliest financing rounds to tackle the real, intractable problems that continue to hinder the broader healthcare ecosystem. We are honored to have the unwavering support of our best-in-class Limited Partners – and specifically our anchor @CendanaCapital – for allowing us to deepen our commitment to the next generation of healthcare founders. In the last three years, Virtue’s Fund I portfolio companies – such as @DxSmarter, Evvy, Mural Health, Anna Health, among others – have collectively raised over $225 million, reaching a combined valuation of $1B+. Our stage and sector specialization allows us to meaningfully support a range of startups that are reshaping how healthcare is delivered, financed, and coded. We are at an important moment in healthcare, fueled by the convergence of rapid AI breakthroughs, shifting policies and regulatory landscape, pressure to modernize antiquated operating systems and unlock valuable clinical data assets, rising costs of care and life saving drugs, and an evolving cultural sentiment that demands more from our healthcare system. Read more here: virtuevc.com/virtue-fund-ii…

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Sean Doolan
Sean Doolan@seanwdoolan·
We are thrilled to share the close of our second fund, “V2”, at $55.75M! In V2 we intend to continue partnering with exceptional pre-seed & seed healthcare founders as an additive lead or co-lead partner. Our check sizes will range from $1-2M across 25 companies over the next 3 years. At @virtue_vc we partner with founders in their earliest financing rounds to tackle the real, intractable problems that continue to hinder the broader healthcare ecosystem. We are honored to have the unwavering support of our best-in-class Limited Partners – and specifically our anchor @CendanaCapital – for allowing us to deepen our commitment to the next generation of healthcare founders. In the last three years, Virtue’s Fund I portfolio companies – such as @DxSmarter, Evvy, Mural Health, Anna Health, among others – have collectively raised over $225 million, reaching a combined valuation of $1B+. Our stage and sector specialization allows us to meaningfully support a range of startups that are reshaping how healthcare is delivered, financed, and coded. We are at an important moment in healthcare, fueled by the convergence of rapid AI breakthroughs, shifting policies and regulatory landscape, pressure to modernize antiquated operating systems and unlock valuable clinical data assets, rising costs of care and life saving drugs, and an evolving cultural sentiment that demands more from our healthcare system. Read more here: virtuevc.com/virtue-fund-ii…
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Nicholas Chirls
Nicholas Chirls@nchirls·
Today I'm launching @asylumventures, a new venture firm dedicated to the creative act of building companies. Asylum's first $55 million fund is an embodiment of my belief that founders are artists, not assets:
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David Weisburd 🚀
David Weisburd 🚀@DWeisburd·
Ever wondered about the risk and reward dynamics of VC investing? @asedelson, our guest in the 10X Capital Podcast episode, breaks it down for us. One company gives the highest upside but also the lowest downside. But when you invest in a fund, the upside lowers and the downside increases. And with a fund of funds? You get a lower upside but a higher floor. Edelson argues that while an average venture fund may not generate the returns most LPs dream of, a venture fund of funds has a higher chance of satisfactory returns. It's an intriguing perspective that goes against the common 'all eggs in one basket' strategy. But as host David Weisburd poses the question - if you had $1,000,000 to invest in venture, why would you choose a single fund over a fund of funds? What's the trade-off? It's an interesting conundrum that's sure to spark some thought among investors. Tune into E70 of the 10X Capital Podcast to hear more of this fascinating discussion and decide for yourself - is a fund of funds the safest bet in VC investing?
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Alex Edelson
Alex Edelson@asedelson·
Thanks again to @DWeisburd for having me on the 10x Capital Podcast 10X Capital Podcast! It was a fun conversation, as always!
David Weisburd 🚀@DWeisburd

🎙 On today’s episode of the 10X Capital Podcast, @asedelson, Founder of Slipstream Investors and I discuss how VC fund of funds work, as well as: Slipstream’s: 1️⃣ Investment thesis 2️⃣ Portfolio construction 3️⃣ Due diligence and manager selection process Video clip below - Sound on. Click “+ Follow” by my name to see more clips. P.S. Link to full episode in comments. #VentureCapital #VC #Startups #OpenLP @TurpentineMedia @10XCapitalVC

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David Weisburd 🚀
David Weisburd 🚀@DWeisburd·
🎙 On today’s episode of the 10X Capital Podcast, @asedelson, Founder of Slipstream Investors and I discuss how VC fund of funds work, as well as: Slipstream’s: 1️⃣ Investment thesis 2️⃣ Portfolio construction 3️⃣ Due diligence and manager selection process Video clip below - Sound on. Click “+ Follow” by my name to see more clips. P.S. Link to full episode in comments. #VentureCapital #VC #Startups #OpenLP @TurpentineMedia @10XCapitalVC
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Alex Edelson
Alex Edelson@asedelson·
Thanks to @eriktorenberg for having me on @TurpentineVC! It was a lot of fun.
Turpentine@TurpentineMedia

In this episode of Turpentine VC, @eriktorenberg sits down with @asedelson from Slipstream Investors, and explores the potential for a new fund built on top of Turpentine, Erik's media company. This live pitch jam session covers the key questions and mental models for building and validating a new fund. They also cover portfolio construction, fund size and stage, and the delicate balance between sticking to proven strategies and evolving with the market's needs. -- TIMESTAMPS: (00:00) Intro (00:39) Exploring the Potential of Turpentine as an (09:13) Navigating the Challenges of Media and Investing Synergy (17:22) Sponsor: Harmonic | Squad (19:51) Portfolio Strategies and LP Preferences (24:50 )Exploring Venture Capital Strategies and Insights (26:10) Building a Media Empire (31:01) Sector Focus and Portfolio Construction (32:30) Building a Compelling Venture Fund Pitch Deck (36:12) Proving Out the Strategy (40:21) Future Fund Growth and Strategy Adaptation (45:58) Wrap

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Keşfet

@DWeisburd @nchirls @Beezer232 @Open_LP @joshuabrowder @seanwdoolan @EmreTKaratas @virtue_vc