Erik Iverson and Mike Partsch of the Wisconsin Alumni Research Foundation (WARF) sit down with David Weisburd to discuss how WARF supports innovation while driving financial returns. In addition, they discuss the case for investing in life sciences, how inventions turn into portfolio companies and the importance of maintaining relationships through market cycles.  The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co We’re proudly sponsored by Deel. If you’re ready to level up your HR and payroll platform, visit: https://bit.ly/deelx10xcapital  -- SPONSOR Deel Most businesses use up to 16 tools to hire, manage, and pay their workforce, but there's one platform that has replaced them all: that’s Deel. Deel is the all in one HR and payroll platform built for global work. The smartest startups in my portfolio use Deel to integrate HR, payroll, compliance, and everything else in a single product so you can focus on what you do best. Scale your business and let Deel do the rest.  Deel allows you to hire onboard and pay talent in over 150 countries from background checks to built in contracts. You can manage the entire worker life cycle from a single and easy to use interface.  Click here to book a free, no strings attached, demo with Deel today:   https://bit.ly/deelx10xcapital  -- X / Twitter: @dweisburd (David Weisburd) -- LinkedIn: Erik Iverson: https://www.linkedin.com/in/erik-iverson-76a0891/ Mike Partsch: https://www.linkedin.com/in/mikepartsch/ David Weisburd: https://www.linkedin.com/in/dweisburd/  WARF: https://www.linkedin.com/company/wisconsin-alumni-research-foundation/ -- LINKS:  WARF: https://www.warf.org/  -- NEWSLETTER: By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/  -- Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at [email protected] -- TIMESTAMPS:  (0:00) Introduction and overview of Wharf (1:45) Investment strategy and portfolio construction (4:08) Correlation between industry hype and venture returns (7:00) Sponsor: Deel (8:40) Process of spinning out companies from the University (12:45) Sourcing and developing new relationships in venture capital (15:06) Discussion on unfair practices in valuation and liquidation (16:38) Challenges of venture capital (17:04) The mission and highlights of WARF