E26: Winter Mead of Coolwater on Building the YC for GPs

Winter Mead, Founder and CEO of Coolwater Capital sits down with David Weisburd to discuss the importance of emerging managers and how Coolwater Capital is building the YC for GPs. We’re proudly sponsored by Bidav Insurance Group, visit lux-str.com if you’re ready to level up your insurance plans. (0:00) Episode Preview (1:01) Genesis of Coolwater Capital (3:11) Learnings from Hall Capital (4:24) Why venture is fundamentally different than other asset classes (5:10) The proliferation of venture capital (8:45) What is Coolwater Capital (9:53) How Coolwater scaled their emerging manager program (13:20) Avoiding adverse selection (14:15) Episode Sponsor: Bidav Insurance Group (14:57) Operator vs Founder mentality (16:15) GP Mentality (21:30) Coolwater Academy (24:53) How Coolwater helps emerging managers (25:47) Common mistakes emerging managers make (28:49) Minimum viable dataroom emerging managers need (33:38) Operational Due Diligence (35:43) Is there an ideal follow-on policy? (42:39) Coolwater’s mission (44:05) How to find committed GPs (44:33) LP value add