Investing In Emerging Managers…Paying for Expertise… Getting Alpha, Passion, Focus and Expertise From Others …Swift Ventures and The AI/ML revolution

This post is by Howard Lindzon from Howard Lindzon

Social Leverage has been investing in emerging managers for a very long time but more formally this year.

Some may call our firm Social Leverage an emerging manager but we are investing out of our fund 4, so I would not consider us emerging.

I believe as technology accelerates and proliferates that an old financial idea (fund of funds), that was mostly created by hedge funds applied to public markets will be an attractive way for investors to participate in the next waves of growth. I have a lot of money where my mouth is as it relates to emerging managers.

The fund of funds arguments aside for now, I will share some background on managers we have selected and what we are learning.

One fund we have invested in is Swift Ventures.

Way back in 2007 I invested in Brett and John’s first company Tubemogul. They were fresh out of Berkeley. I saw them pitch at a video conference (I had created Wallstrip and focused almost 100 percent on helping my show find tools to do it better), hit them up after they got off the stage and invested. I also helped them raise some more money along the way. I served on the board for a long time and very long story short watched them build an incredible company that eventually went public and be acquired by Adobe.

As most technology investors have tended to do, Brett and John started making some seed investments in and (Read more...)