# How I Invest: the investor podcast, by episode

> How I Invest: Allocators and fund managers on how they pick managers and build portfolios. 446 episodes, each linked to the investors in it.

Source: https://millionrounds.com/podcasts/how-i-invest (Millionrounds; every figure on the page links to its filing or article)

LPs · new episode 23 Oct 2026

# How I Invest

Hosted by **David Weisburd**

Allocators and fund managers on how they pick managers and build portfolios.

Follow on Apple PodcastsBrowse the episodes

**446** episodes

**62** investors heard as guests

**41 min** an average episode

216 in the last 12 months

## The regulars

Investors named as guests in the most episode titles on How I Invest.

[RS *3* **Ryan Serhant** 3 episodes](https://millionrounds.com/person/ryan-serhant)[AH *2* **Alex Hormozi** 2 episodes](https://millionrounds.com/person/alex-hormozi)[JP *2* **Jake Paul** ANTI FUND](https://millionrounds.com/person/jake-paul)[SP *2* **Scott Painter** 2 episodes](https://millionrounds.com/person/scott-painter)[AJ *1* **Aaron Jacobson** New Enterprise Associates](https://millionrounds.com/person/aaron-jacobson)[AR *1* **Alex Robinson** Juniper Square](https://millionrounds.com/person/alex-robinson)[AP *1* **Anthony Pompliano** Professional Capital Management](https://millionrounds.com/person/anthony-pompliano)[AM *1* **Apurva Mehta** Summit Peak Investments](https://millionrounds.com/person/apurva-mehta)[AL *1* **Ari Levy** Global Principal Partners](https://millionrounds.com/person/ari-levy-global-principal-partners)[AM *1* **Ashby Monk** KDX](https://millionrounds.com/person/ashby-monk)[AK *1* **Avlok Kohli** AngelList](https://millionrounds.com/person/avlok-kohli)[BB *1* **Bill Brown** Granite Premier GP](https://millionrounds.com/person/bill-brown)

## Every episode 446 · page 1 of 15

- 446 **E446: Vista Equity President: The Death of SaaS? AI Agents and the $3 Trillion Opportunity** 23 Oct 2026 · 59 min [Vista Equity Partners](https://millionrounds.com/fund/vista-equity-partners)[David Breach](https://millionrounds.com/person/david-breach) About this episode Is AI destroying the software industry, or creating its biggest investment opportunity yet? David Breach is President of Vista Equity Partners, a firm managing approximately $100 billion in assets. In this episode, David explains why the recent selloff in software stocks may be missing a much larger opportunity:… ▶Show page
- 445 **E445: AngelList: Why Picking Winners Is the Wrong Way to Invest in Startups** 21 Oct 2026 · 1h 1m [AngelList](https://millionrounds.com/fund/angellist)[Erik Syvertsen](https://millionrounds.com/person/erik-syvertsen) About this episode What if the biggest advantage in venture capital isn't picking winners, but getting access to them? Erik Syvertsen is GM of Asset Management and Chief Legal Officer at AngelList and Chairman of USVC. Drawing on AngelList's extensive venture investment data, Erik explains why seed and growth investing operate like two… ▶Show page
- 444 **E444: NEPC President on AI Portfolio Risk, Finding Top Funds, and Preparing for a Downturn** 19 Oct 2026 · 54 min About this episode What if the biggest advantage in institutional investing isn’t finding better managers, but building an organization that can make better decisions over decades? In this episode, I sit down with Tim McCusker, President of NEPC, which advises on approximately $2 trillion in assets, to discuss what separates the best… ▶Show page
- 443 **E443: Why the Next Trillion-Dollar Startup Won’t Be a Software Company** 16 Oct 2026 · 1h 2m [Humba Ventures](https://millionrounds.com/fund/humba-ventures)[Leo Polovets](https://millionrounds.com/fund/leo-polovets) About this episode What if AI makes software abundant and shifts venture capital’s biggest opportunities into the physical world? Leo Polovets is a General Partner at Humba Ventures, an early-stage deep tech fund investing across robotics, defense, energy, manufacturing, and other physical industries. Leo explains why AI is… ▶Show page
- 442 **E442: Nelson Mills on Building a $100 Billion Company, the China Threat, and the Future of War** 14 Oct 2026 · 53 min About this episode What happens when autonomous underwater vehicles become cheap enough to manufacture at scale? Nelson Mills is the Founder of Vatn Systems, a defense technology company building autonomous underwater vehicles. Nelson explains why undersea autonomy has lagged aerial drones, how advances in AI, navigation, manufacturing,… ▶Show page
- 441 **E441: Startup Investing When the Cost of Building Goes to Zero** 12 Oct 2026 · 1h 16m About this episode What if AI makes the founder more important, not less? John Borthwick is the Founder of betaworks, the startup studio and venture firm behind companies including Giphy, Dots, bitly, and TweetDeck, with investments in companies including Twitter, Tumblr, Kickstarter, and Hugging Face. We break down why John now puts… ▶Show page
- 440 **E440: What Steve Jobs Taught Me About Great Founders** 9 Oct 2026 · 1h 4m [Steven Rosenblatt](https://millionrounds.com/fund/steven-rosenblatt) About this episode What did Steve Jobs understand about building great companies that most founders miss? Steven Rosenblatt is Co-Founder and General Partner at Oceans, a seed-stage venture firm based in New York City. Drawing on more than two decades as an operator and investor, including his time at Apple and Foursquare, Steven shares… ▶Show page
- 439 **E439: Ethan Thornton: The 22-Year-Old Building a $3.7 Billion Defense Company** 7 Oct 2026 · 57 min About this episode What if the future of warfare is determined by who can innovate faster, not who can spend more? Ethan Thornton is the Founder and CEO of Mach Industries, a defense technology company he started after dropping out of MIT. We break down how Mach went from experimenting with roughly 20 technologies to becoming a… ▶Show page
- 438 **E438: Will Robbins on Elon Musk, AI & the Future of Silicon Valley** 5 Oct 2026 · 1h 17m [Will Robbins](https://millionrounds.com/person/will-robbins)[Elon Musk](https://millionrounds.com/fund/elon-musk) About this episode What if the biggest edge in venture capital is identifying an exceptional founder before everyone else does? Will Robbins is a technology-focused venture investor and founder of Robbins Capital, where he backs companies starting at formation. Previously, Will joined Contrary as its first employee and helped grow the… ▶Show page
- 437 **E437: Doug Beyer on Raising Capital, LP Psychology & GP Stakes** 2 Oct 2026 · 41 min About this episode What if the biggest opportunity in private markets isn’t backing companies, but backing the next generation of investment firms? In this episode, I sit down with Douglas Beyer, managing partner and founder of Roaring Brook Holdings, to discuss why emerging managers remain one of the most undercapitalized opportunities… ▶Show page
- 436 **E436: Nnamdi Okike on Billionaires, Founder Psychology & the Venture Capital Bubble** 30 Sept 2026 · 1h 7m [Nnamdi Okike](https://millionrounds.com/person/nnamdi-okike) About this episode Can venture capital really be turned from instinct into science? Nnamdi Okike is Co-Founder and Managing Partner of 645 Ventures, where he leads Seed and Series A investments in software and software-enabled companies. We discuss why Nnamdi believes venture investing is driven by the totality of an investor’s… ▶Show page
- 435 **E435: Why Most Companies Aren’t Ready for AI** 28 Sept 2026 · 44 min [Mighty Capital](https://millionrounds.com/fund/mighty-capital)[SC Moatti](https://millionrounds.com/person/sc-moatti) About this episode Which competitive moats will actually survive the AI era? SC Moatti is Managing Partner at Mighty Capital and Board Chair at Products That Count. We break down what Mighty Capital learned from mapping 550 companies by defensibility, why traditional SaaS advantages like switching costs and data moats may be weakening,… ▶Show page
- 434 **E434: Warren Gibbon on How AI is Changing the Private Markets** 25 Sept 2026 · 1h 1m About this episode Are private markets still positioned to outperform public markets? Warren Gibbon is a Multi-Family Office Chief Investment Officer with deep experience across asset allocation, equity research, and portfolio management. We discuss why investors may need to re-underwrite their assumptions about private markets, how… ▶Show page
- 433 **E433: AlphaSense’s Chris Ackerson on AI, the Future of Finance & Finding Alpha** 23 Sept 2026 · 37 min About this episode What happens to financial analysts when AI can do the work they used to spend all night doing? Chris Ackerson is SVP of Product at AlphaSense, where he focuses on applying information retrieval, natural language processing, deep learning, and recommendation systems to search and discovery. We discuss how AI is… ▶Show page
- 432 **E432: $24 Billion Investor on Private Credit, the Psychology of Winning & Fear of Failure** 21 Sept 2026 · 48 min [Monroe Capital](https://millionrounds.com/fund/monroe-capital) About this episode Is private credit really in a bubble, or are investors looking for risk in the wrong place? Theodore “Ted” Koenig is Chairman and CEO of Monroe Capital, a $24 billion private credit firm. We break down how private credit grew from a niche alternative to a $2 trillion asset class, why financing shifted from banks to… ▶Show page
- 431 **E431: Marty Kausas on AI, Trillion Dollar Startups & Founder Psychology** 18 Sept 2026 · 1h 15m About this episode What if the best reason to start a company isn’t to change the world, but simply because you love the game? In this episode, I sit down with Marty Kausas, CEO of Pylon, to unpack how he thinks about building an ambitious company from first principles. Marty explains why Pylon started with a goal of reaching $1 billion… ▶Show page
- 430 **E430: Goldman Sachs’ Michael Bruun on AI, Private Equity & The War for Talent** 16 Sept 2026 · 38 min [Michael Bruun](https://millionrounds.com/person/michael-bruun) About this episode What if AI makes talent, not technology, the biggest competitive advantage in private equity? Michael Bruun is Partner and Global Co-Head of Private Equity within Goldman Sachs Asset Management. We break down how Goldman Sachs competes for the best middle-market assets, why Michael believes talent can move the needle… ▶Show page
- 429 **E429: Dr. V on AI, Market Bubbles & Finding the Next Anthropic** 14 Sept 2026 · 34 min [Vaibhav Agrawal](https://millionrounds.com/person/vaibhav-agrawal) About this episode What if the biggest mistake in venture capital is investing in what already looks like a great venture investment? In this episode, I sit down with Dr. V (Vaibhav Agrawal), Founder ODDBIRD VC, is a San Francisco-based venture investor who spent nearly a decade at Lightspeed, to explore why he believes the traditional… ▶Show page
- 428 **E428: Michael Green on Peter Thiel, SpaceX, and Inefficient Markets** 11 Sept 2026 · 46 min [Peter Thiel](https://millionrounds.com/fund/peter-thiel) About this episode What if passive investing is actually one of the biggest active forces shaping markets today? In this episode, I sit down with Michael Green, Founder and CIO at Tier1 Alpha Asset Management. Michael challenges the conventional view that stock prices primarily reflect fundamentals, arguing that the transaction itself… ▶Show page
- 427 **E427: AQR's Peter Hecht on AI, Market Bubbles & How the Best Investors Build Portfolios** 9 Sept 2026 · 1h 5m [Peter Hecht](https://millionrounds.com/person/peter-hecht) About this episode Peter Hecht, Managing Director at AQR Capital Management, explains why diversification has to be measured by underlying risk rather than the number of investments you own. At AQR, diversification is a core principle: thousands of relatively small, uncorrelated investment decisions can collectively create an attractive… ▶Show page
- 426 **E426: American Securities CEO on Warren Buffett, Private Equity & Playing the Long Game** 7 Sept 2026 · 55 min [Michael Fisch](https://millionrounds.com/person/michael-fisch) About this episode What happens when a private equity firm refuses to chase every new opportunity and spends 30 years getting better at one thing? David sits down with Michael Fisch, co-founder and CEO of American Securities, to unpack how the firm grew from a $71.4 million first fund to $23 billion in AUM without abandoning the… ▶Show page
- 425 **E425: What 30,000 Founders Taught Me About AI, Judgment & Top Founders** 4 Sept 2026 · 1h 0m [Twelve Below](https://millionrounds.com/fund/twelve-below)[Byron Ling](https://millionrounds.com/person/byron-ling) About this episode David sits down with Byron Ling of Twelve Below to unpack the judgment required to invest at the earliest stages of technology. After roughly 30,000 founder meetings over the past decade, Byron believes the strongest signals rarely appear on a résumé. He looks for an almost biological drive to win, second-level… ▶Show page
- 424 **E424: 32-Year Notre Dame CIO on Sequoia, Venture Capital & Concentration** 2 Sept 2026 · 1h 7m [Scott Malpass](https://millionrounds.com/person/scott-malpass) About this episode What can 32 years as a university CIO teach you about identifying exceptional investors before everyone else does? David sits down with Scott Malpass, Co-Founder and Managing Partner of Grafton Street Partners and former Chief Investment Officer of the University of Notre Dame, to discuss the patterns he learned from… ▶Show page
- 423 **E423: Castelion CEO on Elon Musk, Hypersonic Missiles & the Future of Defense** 31 Aug 2026 · 59 min [Elon Musk](https://millionrounds.com/fund/elon-musk) About this episode David sits down with Bryon Hargis, co-founder of Castelion, to unpack why rebuilding America’s defense manufacturing capacity has become a national security imperative. Bryon explains why decades of consolidation and outsourcing weakened the defense industrial base, why America could struggle against an adversary with… ▶Show page
- 422 **E422: Founding CIO of Berkeley Endowment on Track Records, Contrarian Investing & First-Time Funds** 28 Aug 2026 · 1h 9m About this episode Why do so many GPs misunderstand what institutional LPs actually care about? David sits down with John-Austin Saviano, an Backing & Building Challenger Investment Firms and Former Endowment CIO, argues that one of the biggest mistakes GPs make is overemphasizing track record. Great LPs care less about the headline… ▶Show page
- 421 **E421: Jack Purcell, Building an $11B Private Equity Firm** 26 Aug 2026 · 52 min [Jack Purcell](https://millionrounds.com/person/jack-purcell)[Ridgemont Equity Partners](https://millionrounds.com/fund/ridgemont-equity-partners) About this episode What if the biggest edge in private equity isn’t finding better deals, but designing better incentives? In this episode, I sit down with Jack Purcell, Managing Partner at Ridgemont Equity Partners, to unpack how alignment helped turn a Bank of America spinout with fewer than 15 people into a private equity firm… ▶Show page
- 420 **E420: Why Infrastructure Is a $40 Trillion Opportunity** 24 Aug 2026 · 1h 9m [Northleaf Capital Partners](https://millionrounds.com/fund/northleaf-capital-partners) About this episode What if the biggest AI investment opportunity isn’t AI companies, but the infrastructure required to make AI possible? David sits down with Stuart Waugh, Managing Partner of Northleaf Capital Partners, to explore why the AI boom is creating massive demand for power, data centers, communications networks, and other… ▶Show page
- 419 **E419: Venture Capital Has a Liquidity Crisis** 21 Aug 2026 · 39 min [Benjamin Black](https://millionrounds.com/person/benjamin-black) About this episode Venture capital was designed around a relatively simple model: invest in a startup, help it grow, and eventually exit through an acquisition or IPO. David sits down with Benjamin Black Powerlaw Corp. (Nasdaq: PWRL), Akkadian Ventures, Ben invests in growth-stage technology companies while providing alternative… ▶Show page
- 418 **E418: AI, Venture Capital & the Future of Investing** 19 Aug 2026 · 60 min [John Melas-Kyriazi](https://millionrounds.com/person/john-melas-kyriazi) About this episode Most venture firms think AI is another productivity tool. David sits down with John Melas-Kyriazi co-founder and CEO of Standard Metrics, the AI-native portfolio management platform used by leading venture capital and private equity firms, to discuss how AI is transforming every stage of investing, from sourcing and… ▶Show page
- 417 **E417: $20B Investor on Risk, Uncertainty & Adaptability** 17 Aug 2026 · 1h 7m [Magnetar Capital](https://millionrounds.com/fund/magnetar-capital) About this episode Most investors spend their careers trying to eliminate risk. David sits down with Alec Litowitz the founder of Qstar Capital, founder and former CEO of Magnetar Capital, and one of Citadel's earliest partners to explore the difference between risk and uncertainty, why adaptability is becoming the world's most valuable… ▶Show page

## Who the show talks about

Firms named in its episodes, and people named in descriptions: talked about, rather than on the show.

[**AngelList** *14*](https://millionrounds.com/fund/angellist)[**Elon Musk** *10*](https://millionrounds.com/fund/elon-musk)[E **Erik Torenberg** *5*](https://millionrounds.com/person/erik-torenberg)[**Andreessen Horowitz** *4*](https://millionrounds.com/fund/andreessen-horowitz)[P **Peter Thiel** *4*](https://millionrounds.com/fund/peter-thiel)[**Hamilton Lane** *3*](https://millionrounds.com/fund/hamilton-lane)[**Accel** *2*](https://millionrounds.com/fund/accel)[**Cendana Capital** *2*](https://millionrounds.com/fund/cendana-capital)[**Coatue** *2*](https://millionrounds.com/fund/coatue-management)[C **Curtis Pierce** *2*](https://millionrounds.com/person/curtis-pierce-weisburd-capital-management-llc)[D **Dave Fontenot** *2*](https://millionrounds.com/person/dave-fontenot)[**Ford Foundation** *2*](https://millionrounds.com/fund/ford-foundation)

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