In this episode of the Patent Hacks Podcast, I sit down with Ronald Diamond, founder and chairman of Diamond Wealth and a leading voice in the world of family offices. With a background that spans hedge funds, private equity, and innovation in wealth management, Ron brings a fresh and thought-provoking perspective on how family offices are transforming the investment landscape.

Ron shares his journey from Wall Street to founding a hedge fund and ultimately building a powerful syndicate of family offices managing billions in assets. We dive into how these private entities differ from traditional private equity and venture capital, the concept of "patient capital," and why family offices may be the future of both innovation and philanthropy. If you’re an entrepreneur, investor, or just curious about the future of wealth, this episode is packed with insights you won’t want to miss.

Timeline Summary:

[1:22] - Ron shares his career beginnings and early experience at Drexel Burnham

[5:45] - Launching his hedge fund and transitioning into family office investing

[9:03] - Differences between family offices and traditional private equity/VC

[14:16] - The advantage of patient capital in the family office model

[18:50] - Creating Family Office World Media to drive collaboration and education

[26:32] - How Stanford and Booth schools helped build a family office curriculum

[32:10] - The lack of a playbook and how education is changing the family office model

[39:18] - Investing with purpose: how family offices are solving real-world problems

[46:27] - What Ron looks for in startups and why he bets on the entrepreneur

[53:06] - Advice for entrepreneurs on navigating funding and maintaining balance

Links & Resources:

• Ronald’s LinkedIn: https://www.linkedin.com/in/ronalddiamond/
• Ronald’s Website: https://www.diamondwealthstrategies.com/
• Patent Hacks Website: https://www.patenthacks.com
• Trevor Skene LinkedIn: https://www.linkedin.com/in/trevor-skene/

Thanks for tuning in to this episode of the Patent Hacks Podcast! If you enjoyed this conversation with Ronald Diamond, please take a moment to rate, review, and follow the show. Don’t forget to share it with friends or colleagues who might benefit from the insights. Catch you in the next episode!