Miles Dieffenbach is Managing Director of Investments at Carnegie Mellon University, where he helps oversee a $4 billion endowment with a focus on venture capital, private equity, and alternative investments. Under his leadership, CMU’s private book has remained self-funding during some of the toughest years for liquidity. ---------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 01:00 "I Had Cancer at 26 – It Changed Everything" 04:31 Inside the $4BN Carnegie Mellon Endowment: The Investment Blueprint 08:28 Are LPs Getting Screwed in Venture? 10:04 90% of LPs Shouldn’t Be in Venture – Here’s Why 11:55 Seed Funds Are a Trap (And No One Wants to Admit It) 35:29 The $140BN Problem with Multi-Stage Funds 42:22 "Index Is the Best in the Game” – Here's Why They Win 01:01:03 Yale vs. Harvard Analysis 01:11:02 Cash-Rich Giants vs. Liquidity Drought: The Market Paradox 01:20:32 When Founder-Friendly Goes Too Far 01:22:43 Quick-Fire Round ---------------------...