Drew Myers, Co-Founder and Managing Partner at CrossLayer Capital sits down with David Weisburd to discuss the key to small funds thriving in pre-seed investing, how time diversification tame crypto volatility, and identifying persistent top quartile crypto funds.

@dweisburd (David Weisburd)

CrossLayer Capital: https://www.linkedin.com/company/crosslayer-capital/

Drew Myers: https://www.linkedin.com/in/drew-myers-8764aa22/

David Weisburd: https://www.linkedin.com/in/dweisburd/

CrossLayer Capital: https://www.crosslayercap.com/

(0:00) Episode Preview

(2:01) Investment strategy: emerging vs. established managers and fund structures

(4:20) Identifying alpha in venture and liquid crypto investments, comparison to biotech

(6:12) Diligence and alignment in GP-LP relationships; lessons from Makena Capital

(10:37) Approach to VC China strategy and parallels in crypto; early market mistakes

(16:01) Divergent interests between GPs and LPs; systematic frameworks and investment theses

(18:27) Portfolio construction and diversity with idiosyncratic bets

(22:12) Pre-seed investments and their impact on return profiles

(24:11) Managing risk in volatile markets and differentiating managers

(27:26) Persistence of top quartile returns and market cycle impacts

(29:30) Advice for institutional LPs entering crypto; regrets and lessons at Crosslayer

(33:33) Closing remarks