E306: Can VCs Actually Pick Winners? w/Eric Bahn
Why does execution velocity matter more than pedigree at the earliest stages of company building? David Weisburd speaks with Eric Bahn about the concept of “hustle,” why early judgments about founders tend to persist, and how throughput, learning speed, and grit outperform traditional signals in pre-seed investing. Eric explains Hustle Fund’s wide-net strategy, its community-driven platform model, and how changing startup timelines are reshaping venture economics.
Highlights:
- Why early founder rankings tend to persist over time
- Defining “hustle” as execution speed and learning velocity
- Why hustle is difficult to fake but easy to observe in practice
- Quantity of experimentation as a driver of quality outcomes
- The limits of pedigree and why it’s often priced into valuations
- Hustle Fund’s wide-net, low-ownership-sensitive portfolio model
- Combining diversification with selective concentration over time
- Building a venture fund as a media and community platform
- Staying small to preserve incentives and execution discipline
- Seed-strapping, delayed liquidity, and the growing role of secondaries
- Why venture fund timelines may need to extend beyond 10 years
Guest Bio:
Eric Bahn is the Co-Founder and Managing Partner of Hustle Fund, a pre-seed venture capital firm focused on backing founders with exceptional execution velocity. He began his career as a product manager at Meta and later worked at 500 Global, where he helped evaluate thousands of early-stage startups. Eric is known for his emphasis on hustle, learning speed, and building founder-focused platforms that combine capital, community, and distribution.
Our Podcast now receives more than 300,000 downloads a month. Are you interested in sponsoring an episode? Please email David Weisburd at [email protected].
We’d like to thank AlphaSense for sponsoring this episode!
Sponsor:
AlphaSense is the AI-powered market intelligence platform trusted by 85% of the S&P 100, helping investment professionals make faster, more confident, data-driven decisions. Built for hedge funds, asset allocators, private venture capital firms, and investment bankers, AlphaSense uses advanced AI and powerful search across premium proprietary content to surface the insights that matter most—before the market moves. Elevate your research and stay ahead of the competition. Visit https://www.alpha-sense.com/howiinvest/ to learn more.
Stay Connected with David Weisburd:
X/Twitter: @dweisburd LinkedIn: https://www.linkedin.com/in/dweisburd/ Weisburd Capital: https://www.weisburdcapital.com/
Stay Connected with Eric Bahn:
LinkedIn: https://www.linkedin.com/in/ericbahn/
Questions or topics you want us to discuss on How I Invest? Email us at [email protected].
Disclaimer:
This podcast is for informational purposes only and does not constitute investment, financial, legal, or tax advice. Nothing in this episode should be interpreted as an offer to buy or sell any securities or to participate in any investment strategy. All opinions expressed by the host and guests are their own and do not represent the views of Weisburd Capital. Participants may hold positions or have financial interests in the companies, funds, or investments discussed. Any references to specific investments are for illustrative purposes only. Investing involves risk, including the potential loss of capital. Past performance is not indicative of future results, and any forward-looking statements are subject to risks and uncertainties. Any third-party data or opinions have not been independently verified. Listeners should conduct their own research and consult their own advisors before making any investment decisions.
Chapters
| 0:00 | |
| 0:29 | |
| 1:30 | |
| 2:31 | |
| 5:31 | |
| 7:06 | |
| 11:07 | |
| 15:43 | |
| 18:49 | |
| 23:59 | |
| 26:04 | |
| 28:54 | |
| 30:04 |
Transcript
Loading transcript...