E351: Why Most Family Offices Fail (And How a16z Fixed It)
About this episode
David Weisburd interviews Michel about the failures of family offices and how a16z addresses these issues through better structuring of investments.
What if the biggest edge in investing isn’t picking better assets—but structuring them better for taxes, incentives, and control? In this episode, I sit down with Michel, Founding CIO of a16z Perennial, to discuss how institutional investing frameworks translate to individual portfolios. Michel breaks down why most wealth management fails at true investment management, how misaligned incentives shape outcomes, and why scale, access, and structure matter more than traditional asset allocation. We also explore concentrated portfolios, tax alpha, and how psychology ultimately determines whether a strategy succeeds or fails.
More episodes of How I Invest with David Weisburd
- E356: Why Co-Investments Are Taking Over Private Equity
- E355: From Deal-by-Deal to a $6.5B Platform: Building a Real Estate Investment Empire
- E354: Why Most VCs Misunderstand Peter Thiel’s Power Law
- E353: Why Biotech Is Struggling in Today’s Market (and the Future of Healthcare)
- E352: JD Vance’s Co-Founder on Space Defense, Hard Tech, and the Biggest Opportunities Ahead
- E350: How Family Offices Quietly Build Generational Wealth
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