20VC: From $8BN to $19BN: Inside WashU's Endowment Fund | SpaceX Made Up 20% of Our AUM | Why Europe and China Has So Much Opportunity | The Reckoning That is Coming for AI Companies with Scott Wilson

Scott Wilson is the CIO of WashU, one of the best-performing endowment funds in the world. Under his leadership, Scott has grown the endowment from $8BN to $19BN today. At one point, SpaceX was over 20% of the entire value of the endowment.  AGENDA:  00:00 – How WashU Built One of the Best-Performing Endowment Portfolios in the World 04:00 – Scott Wilson's Investment Playbook: Concentration, Conviction and Compounding 05:20 – Why Scott Sold Over 75% of WashU's Portfolio When He Joined 07:15 – How Should You Allocate a $20 Billion Endowment Between Publics and Privates? 10:00 – How WashU Finds Direct Investments That Other LPs Miss 12:15 – How WashU Made Billions From SpaceX and Kept Holding 13:25 – Why Concentration Limits Are Killing Venture Returns 16:15 – Scott's Biggest Investing Mistake  17:10 – How Much Diversification Does a $20 Billion Endowment Really Need? 19:40 – Why Mega Funds Don't Work for WashU's Investment Strategy 23:15 – How WashU Gets Into the Best Companies Before Everyone Else 25:35 – Are Private Market Valuations Now Completely Detached From Reality? 28:10 – Why Half of Today's AI Companies Could Disappear in 10 Years 30:10 – When Should LPs Sell Their Biggest Winners After an IPO? 32:00 – Why Scott Wilson Walked Away From Sequoia Capital 34:15 – The Number One Reason WashU Fires Venture Managers 35:45 – Should LPs Forgive VCs for Deploying Their Funds in Just 18 Months? 38:30 – Is the AI Boom Heading for a Massive Shakeout? 45:15 – Why European Companies Are So Much Cheaper Than US Companies 47:30 – Why WashU Still Believes China Is a Great Place to Invest 48:30 – Is Government Overreach Actually Worse in the UK Than China? 50:10 – Quickfire: The Venture Funds Scott Wishes He Had Backed 53:00 – The Best Career Advice From a $20 Billion Endowment CIO  

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