Liquidity

Todays show: David Weisburd hosts Elad Gil, David York, and Jason Calacanis to discuss recession fears, new investment trends, geographic and talent concentration in the startup sector, and more! (0:00) David Weisburd intros Elad Gil, David York, and Jason Calacanis (0:31) Recession fears and their effects on Silicon Valley and startups (3:47) Economic news impact on AI and SaaS ecosystem slowdown (7:00) Macro factors affecting startups and advice for founders (11:04) Excess funding options and the role of financial sponsors (17:40) Zero-based budgeting at Twitter and early-stage investment strategies (20:30) Rise of AI programs and the competitive advantage of tech ecosystems (23:29) Startup culture analogies and the impact of content creation (27:19) Running accelerator programs and AI's impact on tech stacks (32:40) FTC ruling on non-competes, liquidity challenges, and private market trends (40:11) Tax implications, capital costs, and synthetic stock in private companies (46:07) Delaware section 220 requests and secondary market evolution (49:19) AI talent, unicorn distribution, and local talent pool impacts (56:24) Company relocations, workforce distribution, and over-hiring issues (1:00:20) Return to office movement and the future of remote work dynamics (1:07:23) Building in-person culture and the importance for AI startups (1:09:59) Essentialism in venture firms and focusing on winners Mentioned on the show: https://www.reuters.com/markets/us/futures-slide-amazon-intel-forecasts-disappoint-jobs-data-awaited-2024-08-02 https://www.boringbusinessnerd.com/post/top-startup-accelerators Follow Elad: X: https://x.com/eladgil LinkedIn: https://www.linkedin.com/in/eladgil Check out: https://eladgil.com Follow David York: LinkedIn: https://www.linkedin.com/in/david-york-2407295 Check out: https://ttcp.com Follow David Weisburd: X: ⁠⁠https://twitter.com/DWeisburd⁠⁠ LinkedIn: ⁠⁠https://www.linkedin.com/in/dweisburd⁠⁠ Check out: ⁠⁠https://10xcapital.com Follow Jason: X: https://twitter.com/Jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis Listen on: Apple Podcasts: https://podcasts.apple.com/us/podcast/liquidity/id1729433064 Spotify: https://open.spotify.com/show/2T64PheDtaMDmFH9pS3GgK Follow on X: https://x.com/liquiditypod

Todays show: David Weisburd hosts Dana Johns, Tom Loverro, and Jason Calacanis to discuss secondaries (00:50), VC leverage against startups (19:41), venture capital strategies (25:31), cybersecurity investments (33:07), and more! Timestamps: (0:00) David Weisburd intros Dana Johns, Tom Loverro, and Jason Calacanis (0:50) Secondary pricing signaling a potential VC recovery (8:06) Timeframes, returns for secondary funds, and founders' secondary sales (12:32) Increasing liquidity in private markets (19:41) VC leverage against startups is near an all time high (25:31) Venture capital strategies, succession planning, and valuation in the Goldilocks zone (33:07) Cybersecurity investments, IPO window, and M&A market dynamics (43:08) Lightning round on latest investments Mentioned on the show: https://pitchbook.com/news/articles/aging-vc-funds-secondary-stakes-market-limited-partner-exits https://www.secondariesinvestor.com/blackstone-plans-to-launch-biggest-secondaries-fund-yet https://news.crunchbase.com/cybersecurity/cybersecurity-funding-venture-wiz-ai-cyera Follow Dana: LinkedIn: https://www.linkedin.com/in/danasjohns Follow Tom: X: https://x.com/tomloverro LinkedIn: https://www.linkedin.com/in/tomloverro Check out: https://www.ivp.com Follow David: X: ⁠⁠https://twitter.com/DWeisburd⁠⁠ LinkedIn: ⁠⁠https://www.linkedin.com/in/dweisburd⁠⁠ Check out: ⁠⁠https://10xcapital.com Follow Jason: X: https://twitter.com/Jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis Listen on: Apple Podcasts: https://podcasts.apple.com/us/podcast/liquidity/id1729433064 Spotify: https://open.spotify.com/show/2T64PheDtaMDmFH9pS3GgK Follow on X: https://x.com/liquiditypod

Todays show: David Weisburd hosts Jamie Rhode, Matthew Mulvey, and Jason Calacanis to discuss DPI coming to Silicon Valley (00:45), demographic data on the backgrounds of Unicorn founders (23:08),and trends for limited partners (30:54), and more! * Timestamps: (0:00) David Weisburd intros Jamie Rhode, Matthew Mulvey, and Jason Calacanis (2:11) DPI, recent acquisitions, and economic impacts on distributions (4:18) Consistent vintage exposure and proactive DPI management strategies (10:46) Sequoia's liquidity approach and LP needs in venture capital (15:02) The role of emerging managers and secondary markets in VC (20:23) The impact of M&A deals and the importance of partnership selection for founders (23:08) Unicorn founder demographics and underdog success (30:54) LP preferences, the challenges for emerging managers, and democratizing venture investments (45:37) The decline of first-time funds, motivations for fund creation, and innovations in fundraising (52:19) Venture portfolio management with AI and technology adoption parallels * Mentioned on the show: https://www.axios.com/2024/07/15/sequoia-capital-stripe [https://www.axios.com/2024/07/15/sequoia-capital-stripe] https://techcrunch.com/2024/03/27/unicorn-founders [https://techcrunch.com/2024/03/27/unicorn-founders] https://x.com/Samirkaji/status/1801351637895942243?utm_campaign=OpenLP+newsletter&utm_medium=email&_hsenc=p2ANqtz-8j6WSVjgGUZXegAo58QYJgSmqd90ozahWmHQWU0Qsnyk_KaXsIldVB7mrcruCafZe_JukeEs-r0fC78VCzJ0kOU7Ppog&_hsmi=313664446&utm_content=313664446&utm_source=hs_email&mx=2 [https://x.com/Samirkaji/status/1801351637895942243?utm_campaign=OpenLP+newsletter&utm_medium=email&_hsenc=p2ANqtz-8j6WSVjgGUZXegAo58QYJgSmqd90ozahWmHQWU0Qsnyk_KaXsIldVB7mrcruCafZe_JukeEs-r0fC78VCzJ0kOU7Ppog&_hsmi=313664446&utm_content=313664446&utm_source=hs_email&mx=2] * Follow Jamie: LinkedIn: https://www.linkedin.com/in/jerrcfa [https://www.linkedin.com/in/jerrcfa] Check out: https://www.screendoor.co [https://www.screendoor.co/] * Follow Matthew: LinkedIn: https://www.linkedin.com/in/mattmulvey [https://www.linkedin.com/in/mattmulvey/] Check out: https://www.liquid2.vc [https://www.liquid2.vc/] * Follow David: X: ⁠⁠https://twitter.com/DWeisburd⁠⁠ [https://twitter.com/DWeisburd⁠⁠] LinkedIn: ⁠⁠https://www.linkedin.com/in/dweisburd⁠⁠ [https://www.linkedin.com/in/dweisburd⁠⁠] Check out: ⁠⁠https://10xcapital.com [⁠⁠https://10xcapital.com] * Follow Jason: X: https://twitter.com/Jason [https://twitter.com/Jason] LinkedIn: https://www.linkedin.com/in/jasoncalacanis [https://www.linkedin.com/in/jasoncalacanis] * Listen on: Apple Podcasts: https://podcasts.apple.com/us/podcast/liquidity/id1729433064 [https://podcasts.apple.com/us/podcast/liquidity/id1729433064] Spotify: https://open.spotify.com/show/2T64PheDtaMDmFH9pS3GgK [https://open.spotify.com/show/2T64PheDtaMDmFH9pS3GgK] * Follow on X: https://x.com/liquiditypod [https://x.com/liquiditypod]

Todays show: David Weisburd hosts Logan Allin, Neil Datta, and Jason Calacanis to discuss Vinod Khosla’s views on AI (1:13), Trumps H-1B policy (11:24), incorporation to funding stage (36:09), and more! * Timestamps: (0:00) David Weisburd intros Logan Allin, Neil Datta, and Jason Calacanis (1:13) Vinod Khosla's talk on AI at Collision Conference (3:31) EU regulation, AI, and M&A's impact on portfolios (8:36) Taxation and its impact on VC (11:24) Trump's stance on H-1B visas and immigration policy (19:32) Debate on AI partnerships and future implications (28:00) Importance of retaining skilled immigrants (36:09) Carta data on incorporation to funding stage * Follow Logan: LinkedIn: https://www.linkedin.com/in/loganallin [https://www.linkedin.com/in/loganallin] Check out: https://fin.capital [https://fin.capital] * Follow Neil: X: https://x.com/NKDAdvisory [https://x.com/NKDAdvisory] LinkedIn: https://www.linkedin.com/in/neildatta [https://www.linkedin.com/in/neildatta] Check out: https://nkdadvisory.com [https://nkdadvisory.com]⁠ [https://www.linkedin.com/in/alexwilhelm/] * Follow Jason: X: https://twitter.com/Jason [https://twitter.com/Jason] LinkedIn: https://www.linkedin.com/in/jasoncalacanis [https://www.linkedin.com/in/jasoncalacanis]

Todays show: David Weisburd hosts Konstantine Buhler, Ana Marshall, and Jason Calacanis to discuss VCs not raising new funds (1:28), Cisco's $1 billion AI fund (27:29), and more! * Timestamps: (0:00) David Weisburd intros Konstantine Buhler, Ana Marshall, and Jason Calacanis (1:28) VCs not raising new funds, market impact, and the current state of venture capital (3:56) Challenges for new fund managers, power laws, and investment strategies (9:02) Capital deployment, returns, and portfolio assessment (14:28) Emerging managers and market trends (26:57) Cisco's $1 billion AI fund (32:09) AI applications and business models (44:45) Investment strategies for M&A vs. IPO (47:38) Lightning round on latest investments * Follow Konstantine: X: https://x.com/KostaBuhler [https://x.com/KostaBuhler] LinkedIn: https://www.linkedin.com/in/konstantinebuhler [https://www.linkedin.com/in/konstantinebuhler] Check out: https://www.sequoiacap.com [https://www.sequoiacap.com] * Follow Ana: LinkedIn: https://www.linkedin.com/in/ana-marshall-b072136 [https://www.linkedin.com/in/ana-marshall-b072136] Check out: https://hewlett.org [https://hewlett.org] * Follow David: X: ⁠⁠https://twitter.com/DWeisburd⁠⁠ [https://twitter.com/DWeisburd] LinkedIn: ⁠⁠https://www.linkedin.com/in/dweisburd⁠⁠ [https://www.linkedin.com/in/dweisburd] Check out: ⁠⁠https://10xcapital.com [https://10xcapital.com/] * Follow Jason: X: https://twitter.com/Jason [https://twitter.com/Jason] LinkedIn: https://www.linkedin.com/in/jasoncalacanis [https://www.linkedin.com/in/jasoncalacanis]