"[Music] today's show is sponsored by janice henderson investors in an environment where allocators face more questions than answers having a trusted partner is critical janice henderson investors is c..."

"hello i'm ted cities and this is capital allocators this show is an open exploration of the people and process behind capital allocation through conversations with leaders in the money game we learn h..."

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"means that eventually the great things that we've seen over the past few years which are exceptional returns not just unrealized but realized and returned and distributed cash to lps is going to eithe..."

"band-aid being pulled off with hairs being pulled for two years and so you could see that same sort of thing happening now when you look at like arc invest as one proxy of this or the russell 2000 i t..."

"they plan their budget for their allocation as a percentage of their total endowment or whatever they're investing, that, a, certain, amount, is going to go into vc and private equity or vcnp and alts..."

"nobel prize winner that figured out how to make a microscope that can see into cells in real time there's somebody that developed an engineered capability to launch things into space in a certain way ..."

"perception but it is necessarily because of the better technology the hard sciences are more complicated so you have fewer competitors that are actually trying to start these businesses fewer competit..."

"thing is finding people that are off exploring something that nobody else is paying any attention to yet and that itself is very rewarding but then you also need and this is the benefit it's interesti..."

"cursory at best it is like showing up for the finals exam if you're in college or you know your kids and just winging it people are just winging it on judgment and i think that they're looking at it a..."

"mentioned directional arrows of progress it's always fun to talk to you about what your favorite ones are today well there's near-term and long-term ones one that i've talked about a little bit is sme..."

"points to the ability to capture and eventually replay scent for all kinds of things so in that process when it makes a ton of sense right all the other senses are captured on the phone how do you go ..."

"internal conviction and we write a check how about other directional arrows oh there's so many one that is near term and i feel very strongly about and this directional iro has less to do with a techn..."

"will get new applications that will suck up that bandwidth in the air domain you have a thrust now an increasing concern whether you accept the dods at face value that hypersonics were either a total ..."

"compounding value investor types to them so those are some areas that we're very bullish on so when you step away from all of the earthly and to some extent space places there's this big buzz about ev..."

"mathematically what's interesting about that is the same math that is doing real-time protocols to render graphics for you or me if we're in two different locations with two different internet speeds ..."

"for math and science are actually saying there's, got, to be, a, better, way, to, do this like this is really like settlement on securities or borrowing or the treasury market like there's got to be a..."

"today it's depending on the market crashes two and a half to three trillion dollars predominantly bitcoin then ethereum then a long tail of solana and other stuff the other thing that i've changed my ..."

"so that is to me how all this comes together the druggy freaks on the far end the hardcore math science nerds on the other end and actually coming up with the protocols in between i'm curious how you ..."

"closer to the present and it's a very weird thing because it depends upon the belief of other people to decide that they're going to vote with their dollars and create the incentive for other people a..."

"lot of popular public resistance is because of neil young and joni mitchell and three mile island and china syndrome you had a movie in 1979 that coincided with the three-mile island which was a nucle..."

"understanding of this like with elemental power i'd love to twist that and just chat a little bit about how you've evolved in your thinking of your own presence on social media and the impact that's h..."

"the presence of so for me entrepreneurially those are the same people that i want to be with when you look at somebody like cassar eunice who runs our company applied intuition or you look at riordan ..."

"can't stand you like why are you so jealous of this person or why do you criticize him such a bad look for you so you get that mix but i've decided that the people that i enjoy being around are very i..."

"and better ideas emerge how do you not go down the wormhole of spending 25 hours a day doing that i think i'm pretty efficient with it my own information diet i wake up at seven i'm with our kids unti..."

"really interesting signals i'm curious to just catch up on what's evolved in lux over the last couple of years sort of talked at the beginning about what's happening the excess of capital i know you r..."

"outcomes and so the pressure is higher than it ever was you have partners that are all very busy we're all on multiple boards you're trying to constantly triage and this is against a backdrop where i ..."

"decision making on the small companies and the new companies that we're doing which are basically the things that are going to matter in four or five years and just us always remember that the things ..."

"to, come, in, and, by, the way, in, some, cases he thinks that this company's a fraud he thinks that this person is full of and, then, they, know, that, and, so, if i'm, a, champion, of, a deal, i, c..."

"labor fights there's a friend who's making a film about an area called gashaka which i never knew about it's like a jurassic park in nigeria you have chinese gangs that are coming in illegally logging..."

"where particularly the u.s has been militarily under invested have you found ways to participate we have made a series of what i consider seed investments not all the companies are startups they're in..."

"opportunity and i think done rightly with good partners it can be enormous and the first layer will be low-hanging fruit technologically but a meeting i had even earlier today was talking about the ne..."

"set me on some new path and i get obsessive when i discover that it's that feeling of like wait a second this what and then i get really curious and then i ping some smart people and they don't know a..."

"people in my life all right josh one more what's the biggest mistake you've made and what did you learn from it there's so many and most of them i think around people there's old friendships that i un..."