Nothing Ventured, Nothing Gained at WARF and beyond
Episode Description:
Carrie Thome is the longtime former CIO at WARF, the Wisconsin Alumni Research Foundation, a $3 billion pool that arose from monetizing technologies developed at the University of Wisconsin. She recently left to start a venture capital firm called NVNG, or Nothing Ventured, Nothing Gained.
Our conversation covers Carrie’s Wisconsin roots, her early experience at SWIB, the State of Wisconsin pension fund, and investing at WARF over the last two decades.
We discuss WARF’s unique structure, technology transfer, and an all-weather portfolio for the Foundation, including separation of alpha and beta, portfolio construction, and manager selection. We then turn to Carrie’s new adventure NVNG, a venture capital firm seeking to bring the benefits of entrepreneurial activities in Wisconsin to local firms and national venture capitalists.
All opinions expressed by Ted and podcast guests are solely their own opinions and do not reflect the opinion of the firms they represent. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.