Ep. 1368: Seth Levine Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 8 December 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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!

---

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

Click on a timestamp to play from that location

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
	...

Transcript will be available on the free plan in 19 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.