Ep. 1368: Seth Levine Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 8 December 2025
⏱️ 51 minutes
🧾️ Download transcript
Summary
My guest today is Seth Levine. His day job is as a partner at Foundry, a venture capital firm, which he cofounded in 2006. Today it has nearly $4 billion in assets under management. He is also the co-founder of Goodbread, and the co-founder of Pledge 1%. Seth also spends time as an advisor to entrepreneurs and policymakers in the U.S. as well as globally.
The topic is his co-authored book Capital Evolution: The New American Economy.
In this episode of Trend Following Radio we discuss:
- America on the precipice
- Messy middle of capitalism
- Immigration and border policy
- Diversity, merit and DEI
- Governance, safety and rule of law
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | My guest today is Seth Levine. |
| 0:02.4 | He is the author of a book called Capital Evolution, the New American Economy. |
| 0:07.3 | He also happens to be a longstanding venture capitalist. |
| 0:10.6 | Interesting guy, interesting background. |
| 0:13.3 | Kind of a heavy conversation, diving right into the deep end of American capitalism, |
| 0:20.8 | American government, American politics, American life, |
| 0:24.1 | American culture, the good, the bad, what can be improved, what maybe won't be improved, |
| 0:29.8 | all kinds of topics today. Without any further delay from me, let's jump right into my guest |
| 0:34.4 | today, Seth Levine. |
| 0:50.4 | Music Let's jump right into my guest today. Seth Levine. I'm not going to take you line by line through the book, |
| 0:53.4 | but I think where you start with this notion of we are on the precipice. |
| 1:00.0 | And I feel that. |
| 1:01.6 | And I don't even live in America, right? |
| 1:03.8 | I'm in Ho Chi Men City, Vietnam. |
| 1:05.5 | But I'm still connected. |
| 1:07.1 | And I can see the intensity. |
| 1:09.8 | I can see the disagreement. I can see the disagreement. |
| 1:11.6 | I can see the polarization. |
| 1:13.4 | I grew up in the Washington, D.C. area. |
| 1:15.4 | I know something about politics. |
| 1:17.3 | I feel like things have gone in very different directions. |
| 1:21.9 | If I had to roll forward a handful of years, I don't know how many, probably in my lifetime, that I see some |
... |
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