Apurva Mehta and Jack Altman on Sam Altman, CalPERS, and Liquidation Preferences | E1927
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 6 April 2024
⏱️ 63 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
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Available on all your favorite podcast apps.
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Todays show:
David Weisburd hosts Apurva Mehta, Jack Altman, and Jason Calacanis to discuss Sam Altman’s huge investment wins (2:34), the role of SPVs (13:19), CalPERS increasing their exposure to venture (26:19), and liquidation preferences (45:56).
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Timestamps:
(0:00) David Weisburd intros Apurva Mehta, Jack Altman, and Jason Calacanis
(2:34) Reddit's IPO and Sam Altman's investment success
(5:48) Apurva's investment strategy and thoughts on fund size and portfolio strategy
(11:50) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist
(13:19) The role of SPVs and the importance of trust in the investment ecosystem
(24:53) Marketing Against the Grain https://www.youtube.com/watch?v=xHrjktuM1Dc
(26:19) CalPERS and pension funds increasing their exposure to venture capital and private equity
(28:11) Is it a good time to invest in venture?
(41:48) Gelt. It’s time to take control over your taxes. Visit https://joingelt.com/twist now
(43:02) Fundraising and decision-making processes
(45:56) Higher liquidation preferences at the later stage
(55:49) Rapid fire segment on recent investments
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Mentioned on the show:
https://www.foundationhealth.com
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Follow Apurva:
X: https://twitter.com/mehtaaapurva
LinkedIn: https://www.linkedin.com/in/apurvaamehta/
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Follow Jack:
LinkedIn: https://www.linkedin.com/in/jackealtman/
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Follow David:
X: https://twitter.com/DWeisburd
LinkedIn: https://www.linkedin.com/in/dweisburd
Check out: https://10xcapital.com
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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Thank you to our partners:
(11:50) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist
(24:53) Marketing Against the Grain https://www.youtube.com/watch?v=xHrjktuM1Dc
(41:48) Gelt. It’s time to take control over your taxes. Visit https://joingelt.com/twist now
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | In most cases, a smart person on your board who has real skin in the game and lots of experience and really cares about your success is like a huge asset. |
| 0:08.9 | My board at Lattice was like amazing. |
| 0:11.1 | They were like a part of the team and in some ways actually they are a longer through line than any |
| 0:17.2 | execs you have even like a long tenured exec I might have for five years or something like that. |
| 0:22.2 | But like you know Miles Grimshaw has been on my board for like almost eight years or seven years, you know, it's like a long time and there's a lot to be said for the consistency that you get there for the outside in perspective that you get for somebody who |
| 0:36.2 | Invested in your company but also knows a lot about other companies versus you know the founders and |
| 0:40.6 | Exexex are all in your own little bubble and so I think founders should |
| 0:45.2 | see boards hopefully you know if you can it's like ideally it's like a secret weapon it should be a |
| 0:49.3 | positive like a great board is a big positive for a company. |
| 0:52.3 | This week in startups is brought to you by |
| 0:56.0 | Dev Squad. |
| 0:58.0 | Most Dev agencies only offer developers. |
| 1:01.0 | Why? |
| 1:02.0 | Because product management is hard. Get an entire |
| 1:06.5 | product team for the cost of one US developer plus 10% off at Dev Squad.com slash Twist. |
| 1:15.0 | HubSpot for Podcast Networks. |
| 1:18.0 | Looking to up your marketing game? |
| 1:20.0 | Check out the podcast Marketing Against the Green, hosted by HubSpot CMO Kip Bodner and |
| 1:27.6 | Zappier CMO Kiran Flanagan. |
| 1:30.6 | They bring you the latest in marketing trends, growth tactics, and innovation. |
| 1:36.0 | Available on all your favorite podcast apps. |
| 1:40.0 | And Gelt, it's time to take control over your taxes. |
... |
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