How to Start a Single Family Office | Scott Saslow | Superclusters | S5E1

“A lot of family office principals, unless they’ve worked in finance – they should not be solely making the decision on which RIA to hire.” – Scott SaslowScott Saslow is the founder, CEO, and family office principal for ONE WORLD. He's also the founder and CEO of The Institute of Executive Development, as well as the author of Building a Sustainable Family Office: An Insider's Guide to What Works and What Doesn't, which at the time of the podcast launch is the only book written for family office principals by a family office principal. Scott is also the host of the podcast Family Office Principals where he interviews principals on how families can be made to be more resilient. Prior, he’s also found independent success at both Microsoft and Seibel Systems.You can find Scott on his socials here:LinkedIn: https://www.linkedin.com/in/scott-d-saslow-46620/OUTLINE:[00:00] Intro[02:09] The significance of 'ojos abiertos'[05:49] Scott's relationship with his dad[07:46] The irony of Scott's first job[11:19] Family business vs family office[13:50] The corporate structure of a family office[17:39] From multi family office to single family office[18:54] The steps to pick a MFO to work with[22:37] The 3 main functions a family office has[31:00] Why Scott passed on SpaceX[36:07] Why Scott invested in Ulu Ventures[44:23] What makes Dan Morse specialFollow David Zhou for more Superclusters content:For podcast show notes: https://cupofzhou.com/superclustersFollow David Zhou's blog: https://cupofzhou.comFollow Superclusters on X: https://x.com/SuperclustersLP