Michel Del Buono
speaker
515 appearances
1 recordings
1 series
first heard May 2026
last heard 22 May
Michel Del Buono’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
Sourcery · Inside Marc Andreessen & Ben Horowitz's Multi-Family Office (Part II) · 22 May 2026
podcast
So all this stuff kind of comes back together at some point when you're building a comprehensive plan.
It's not just pure math and it's not just pure, oh, I'm picking this because it's better than that, right?
It's also what is the goal of my portfolio?
What does it need to generate over time that comes into play?
um i think for the endowments in particular you know they they run a very uh specific strategy with a certain weight for each asset class and they try to really stay on top of those weights and those weights are determined by long-term expected returns right i think what's happened for them in particular is i think they got just too
too private.
Remember, they have to pay to operate the university.
So there comes a point you start worrying about being overweight, these things.
And many of these private vehicles have not distributed money.
That's been the big problem, right?
Historically, you know, you'd look at sort of
patterns of how long it takes to distribute.
In the last few years, the distribution has been pretty weak from all private asset class.
It's not specific to venture.
If you project that forward, you might start worrying that your portfolio is too illiquid.
I think that's what's led some people to reduce a bit of their allocation, but I wouldn't say at all that people are abandoning these asset classes, not even by a long stretch.
It's the same thing.
Like, how did these vehicles acquire that position?
Are they straight on the cap table?
Are they going through SPV?
Showing 261–280 of 515 · page 14 of 26
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