VC10X - Investing, Venture Capital, Asset Management, Family Office, Wealth Management

Some of the biggest names in AI—including Nvidia, Microsoft, Meta, IBM, Palantir, OpenAI, and Google—came together this week to support open-weight AI models.

In an industry defined by intense competition, that level of alignment is rare.

So why are these companies pushing for broader access to AI? And why did Anthropic choose not to sign the letter?

In this episode, we break down what this industry-wide initiative means for the future of AI, innovation, regulation, and the companies building the AI ecosystem.

⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com

Key topics we explore:

– What the open-weight AI letter is actually calling for
– Why so many leading AI companies backed the initiative
– The difference between open-source AI and open-weight AI
– Why Anthropic took a different position
– How open-weight models could accelerate AI adoption
– What this means for Nvidia, Microsoft, Meta, Google, OpenAI, and the broader AI infrastructure ecosystem

The bigger question:

Will open-weight AI create a larger, more competitive AI ecosystem, or will safety and regulation eventually limit how widely these models can be deployed?

For investors, this debate isn't just about AI policy. It's about the future structure of the AI industry—and who stands to benefit as adoption continues to accelerate.

LINKS

Prashant Choubey - ⁠https://www.linkedin.com/in/choubeysahab⁠

Subscribe to VC10X newsletter - ⁠https://vc10x.beehiiv.com⁠

Subscribe on YouTube - ⁠https://youtube.com/@VC10X⁠

Subscribe on Apple Podcasts - ⁠https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986⁠

Subscribe on Spotify - ⁠https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQ⁠

VC10X website - ⁠https://vc10x.com⁠

For sponsorship queries reach out to prashantchoubey3@gmail.com

This channel is for asset managers, allocators, and investors who want analysis that holds up—not headlines dressed as insight.

Subscribe for weekly data-driven breakdowns of the forces reshaping capital markets.

Lara Nuchowicz is the Principal at AR Capital, a next-gen allocator at the family office, where she manages the private markets portfolio. She started attending investment meetings with her father at fifteen, sitting across from Chase Coleman at Tiger, Steve Cohen at Point72, and Jim Simons at Renaissance.

In 2017 she deployed her first capital, and today she owns sourcing, diligence, and monitoring across a portfolio of more than 80 venture funds, with the family screening around 500 managers a year. She has also launched her own fund-of-funds platform, now on its second vehicle, and hosts an invite-only family office retreat twice a year in Spain and Switzerland. Almost every manager she backs runs a fund under $100M and is under thirty.

⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com

We cover:

→ Why there was no single moment she knew, and what actually changed in 2017
→ The family philosophy: back people, back them early, stay twenty years
→ Why venture doesn't scale, and what that forces you to do
→ Funds vs directs, and why the two are not a trade-off
→ Running 80+ funds with a three-person team
→ The invite-only family office retreat, and why there's no membership fee
→ Building a fund-of-funds that isn't a blind pool of capital
→ How mixing directs into the vehicle answers the double-fee critique
→ Why she'd rather back an emerging manager than write a check to Sequoia
→ Fund size as the return lever: under $100M, ideally under $50M
→ Tracking talent before thesis, and backing managers under thirty
→ The consumer fund she passed on that's now at 7x MOIC and 3x DPI
→ What emerging managers get wrong when they pitch family offices
→ Why a family office is a resource, not a check
→ The next gen's real edge, and where most of them go wrong

Links:

Connect with Lara: https://www.linkedin.com/in/lara-nuchowicz/
Connect with Prashant: https://linkedin.com/in/choubeysahab
VC10X newsletter - https://vc10x.beehiiv.com
YouTube - https://youtube.com/@VC10X
Apple Podcasts - https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986
Spotify - https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k
VC10X website - https://vc10x.com

Timestamps:

(00:00) - Why emerging managers are a better fit than brand-name funds like Sequoia.

(00:45) - Common mistakes emerging managers make when approaching family offices.

(01:02) - Introduction to the episode and guest, Lara Nuchowicz.

(02:28) - Lara's gradual journey into the family's investment business.

(04:42) - The family's core investment philosophy of backing people early.

(06:51) - Balancing fund investments vs. direct investments in companies.

(09:33) - Lara's role and autonomy within the family office.

(10:45) - The exclusive, invite-only family office retreat Lara hosts.

(13:29) - Managing a lean team and internal processes at a family office.

(14:55) - Launching a fund of funds platform with a family office mindset.

(18:23) - Addressing critiques of the fund of funds model like double fees and liquidity cycles.

(21:48) - How family offices handle tax implications in venture investing.

(24:10) - The strategic reasons for backing emerging managers over established brand-name funds.

(27:14) - Investment Strategy: Prioritizing talent over a specific thesis.

(29:49) - The right and wrong ways for emerging managers to approach family offices.

(32:43) - The story of a fund she passed on that returned 7X and the lesson learned.

(34:41) - The evolving role of the next generation in family office investing.

(37:17) - Lara's approach to raising her child in a family of investors.

(41:04) - Final advice for emerging managers on building long-term relationships.

(42:43) - Start of the Rapid Fire round.

(43:02) - Investment focus: Regions and sectors.

(43:21) - Typical check size for fund investments.

(43:38) - Ideal investment stage for fund managers.

(44:06) - How to connect with Lara.

Google's latest earnings weren't just about another strong quarter.

They offered one of the clearest signals yet on the health of the AI investment cycle.

From resilient Search revenue to continued Cloud growth and massive AI infrastructure spending, the results suggest that AI is becoming deeply embedded across Google's business—not just as a product, but as a platform.

In this episode, we break down what Google's earnings mean for the broader AI thesis and why investors across the semiconductor, cloud, and infrastructure ecosystem should be paying attention.

⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com

Key topics we explore:

– What Google's earnings reveal about AI adoption
– Why Search remains more resilient than many expected
– How Gemini and AI are being integrated across Google's products
– Why Google Cloud remains a key beneficiary of enterprise AI
– What continued AI infrastructure spending means for Nvidia, TSMC, ASML, Micron, and the broader supply chain
– The key metrics investors should watch over the coming quarters

The bigger question:

Are Google's results evidence that AI is already generating real business value, or is the market still too optimistic about long-term returns?

For investors, Google's earnings provide another important data point that the AI infrastructure buildout—and enterprise adoption of AI—remains firmly on track.

LINKS

Prashant Choubey - ⁠https://www.linkedin.com/in/choubeysahab⁠

Subscribe to VC10X newsletter - ⁠https://vc10x.beehiiv.com⁠

Subscribe on YouTube - ⁠https://youtube.com/@VC10X⁠

Subscribe on Apple Podcasts - ⁠https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986⁠

Subscribe on Spotify - ⁠https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQ⁠

VC10X website - ⁠https://vc10x.com⁠

For sponsorship queries reach out to prashantchoubey3@gmail.com

This channel is for asset managers, allocators, and investors who want analysis that holds up—not headlines dressed as insight.

Subscribe for weekly data-driven breakdowns of the forces reshaping capital markets.

#Google #Alphabet #AI #ArtificialIntelligence #Gemini #GoogleCloud #Nvidia #ASML #TSMC #Micron #Semiconductors #Investing #TechStocks #VC10X #Finance #CloudComputing #BigTech #Earnings #WallStreet #Markets

ASML may have delivered the most important earnings report of the week for semiconductor investors.

The company raised its full-year sales guidance again, reported a sharp increase in memory-related revenue, and announced plans to expand EUV lithography production by around 30% annually in 2027 and 2028.

While the headlines focused on ASML, the implications extend far beyond one company.

In this episode, we break down why ASML's latest results reinforce the broader AI infrastructure story—and what they mean for companies across the semiconductor supply chain.

⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com

Key topics we explore:

– Why ASML is one of the most important companies in the AI ecosystem
– What the latest earnings reveal about global semiconductor demand
– Why memory-related revenue surged and what it says about HBM demand
– How strong EUV orders reinforce the long-term AI infrastructure buildout
– The read-through for Nvidia, TSMC, Micron, SK hynix, and other semiconductor leaders
– Why investors should watch semiconductor equipment companies as closely as AI chip designers

The bigger question:

If the AI infrastructure boom were slowing, would ASML be raising guidance and expanding production capacity?

For investors, ASML's earnings provide another important data point that demand for advanced semiconductor manufacturing—and the AI infrastructure powering it—remains robust.

LINKS

Prashant Choubey - ⁠https://www.linkedin.com/in/choubeysahab⁠

Subscribe to VC10X newsletter - ⁠https://vc10x.beehiiv.com⁠

Subscribe on YouTube - ⁠https://youtube.com/@VC10X⁠

Subscribe on Apple Podcasts - ⁠https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986⁠

Subscribe on Spotify - ⁠https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQ⁠

VC10X website - ⁠https://vc10x.com⁠

For sponsorship queries reach out to prashantchoubey3@gmail.com

This channel is for asset managers, allocators, and investors who want analysis that holds up—not headlines dressed as insight.

Subscribe for weekly data-driven breakdowns of the forces reshaping capital markets.

#ASML #Semiconductors #AI #ArtificialIntelligence #Nvidia #TSMC #Micron #SKHynix #HBM #EUV #ChipStocks #Investing #TechStocks #VC10X #Finance #VentureCapital #DataCenters #SemiconductorEquipment #WallStreet #Markets

Has the AI funding boom peaked?

Many investors expected higher interest rates, rising infrastructure costs, and questions around AI monetization to slow venture capital activity.

Instead, the opposite is happening.

New AI unicorns continue to emerge, with billions of dollars flowing into AI infrastructure, enterprise software, robotics, and cybersecurity.

In this episode, we break down where venture capital is placing its biggest bets—and what that means for the next phase of the AI economy.

⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com

Key topics we explore:

– Why AI funding remains incredibly strong despite macro uncertainty
– The startups attracting the largest funding rounds across AI infrastructure, enterprise AI, robotics, and cybersecurity
– Why investors are backing companies like Thinking Machines Lab, Glean, Harvey, Figure AI, and Skild AI
– How venture capital is shifting from foundation models to the broader AI ecosystem
– What today's private market funding says about tomorrow's public market opportunities
– Why infrastructure, automation, and enterprise software could become the next major AI winners

The bigger question:

Are we witnessing another venture capital bubble, or are investors funding the next generation of category-defining AI companies?

For investors, following where the smartest venture capital is flowing can provide an early signal of where long-term value is being created.

LINKS

Prashant Choubey - ⁠https://www.linkedin.com/in/choubeysahab⁠

Subscribe to VC10X newsletter - ⁠https://vc10x.beehiiv.com⁠

Subscribe on YouTube - ⁠https://youtube.com/@VC10X⁠

Subscribe on Apple Podcasts - ⁠https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986⁠

Subscribe on Spotify - ⁠https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQ⁠

VC10X website - ⁠https://vc10x.com⁠

For sponsorship queries reach out to prashantchoubey3@gmail.com

This channel is for asset managers, allocators, and investors who want analysis that holds up—not headlines dressed as insight.

Subscribe for weekly data-driven breakdowns of the forces reshaping capital markets.

#AI #ArtificialIntelligence #VentureCapital #Startups #EnterpriseAI #Robotics #Cybersecurity #Infrastructure #Investing #VC10X