E361: Why Venture Capital is Not an Asset Class

E361: Why Venture Capital is Not an Asset Class

From How I Invest with David Weisburd by David Weisburd

May 4, 2026 · 42 min · Episode 361

About this episode

In this episode, David Weisburd interviews Ian Sigalow about the dynamics of venture capital and the importance of access and conviction in investment outcomes.

What if venture capital isn’t really an asset class—but a game where only a handful of managers actually matter? In this episode, I sit down with Ian Sigalow, Co-Founder and Managing Partner of Greycroft, to discuss why venture returns are driven by a small group of firms with consistent access to the best companies. Ian explains why diversification often hurts venture outcomes, how the industry splits between “access” and “craft” investing, and why conviction, not consensus, drives results. We also explore what defines great founders in the AI era, how venture firms build brand and culture over decades, and why the intersection of multiple skill sets is becoming the foundation for generational companies.

People in this episode

Host: David Weisburd

Guest: Ian Sigalow

Topics covered

  • venture capital
  • investment strategy
  • founder characteristics
  • AI era
  • industry dynamics

Keywords

  • venture capital
  • investment
  • founders
  • AI
  • diversification
  • access investing
  • craft investing

Mentioned in this episode

Organizations: Greycroft

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