Gavin Ezekowitz on AI Valuations, Asymmetric Returns, and Why Great Investors Fail
Gavin Ezekowitz, Co-Founder and Chief Investment Officer of BFA Global Investors, joins David Weisburd to discuss investing in generational tech companies like Anthropic, OpenAI, and SpaceX. They explore the nuances of venture portfolio construction, underwriting in unpredictable markets, the discipline of pacing and position sizing, and why smaller managers can outperform institutional mega-funds.
- Gavin Ezekowitz of BFA Global Investors warns that treating fundraising skill as an investment thesis blinds allocators to dishonesty and weak operating execution. Read →
- Venture capital functions strictly as an asymmetric return engine, not a capital preservation vehicle like treasuries, real estate, or private equity buyouts. Read →