Talk Your Book: The State of Venture Capital

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 21 October 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, Michael and Ben are joined by Samir Kaji, CEO, President, and Co-Founder of Allocate to discuss: what start-up prices look like today, if the free money era is gone forever, VC return dynamics and the power law, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to Animal Spirits with Michael and Ben. On today's show, we are joined by Samir Kajee. Samir is the co-founder and CEO of Allocate. Alicate is a platform that allows advisors and family offices to access venture capital funds and it's technology-based and you're easy onboarding and all that good jazz. And the jazz is so good that we
0:22.0	invested in them probably a year and a half ago. And the thinking was that there are, as I mentioned
0:29.7	in the conversation we have with Samir, there's a lot of companies that have done fairly
0:33.7	well bringing alternative investments to advisors, private credit, real estate, etc.
0:40.2	The venture industry is different. It really is about relationships and access, and it's not
0:46.1	easy to get access to the best of the best. And so Samir and his team have been doing that
0:52.9	for a long time.
0:56.0	They're great people, great relationships. He said relationships are at pretty much in venture capital.
0:59.7	Yeah.
0:59.9	That's the thing.
1:00.5	Yeah.
1:00.7	Money's not the thing.
1:01.6	It's about relationships.
1:02.6	So on today's show, we discuss, we spent the bulk of the conversation talking about
1:07.5	the state of venture where we are in relationship.
1:10.7	Obviously, this is a much more sober market to said the least compared to 2021. the conversation talking about the state of venture. Where we are in relationship, obviously,
1:10.9	this is a much more sober market to said the least compared to 2021, where we saw some wild
1:16.8	shit flying. And we are now definitely on the other side of that. So here is our conversation
1:23.9	with Samir from Alicate.
1:31.3	Welcome to Animal Spirits, a show about markets, life, and investing.
1:36.4	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
1:41.2	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Ridholt's wealth management.
	...

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