The $97 Billion VC Panel | E1987
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 31 July 2024
⏱️ 68 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
Squarespace. Turn your idea into a new website! Go to https://www.squarespace.com/twist for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
Google Cloud. Accelerate your startup journey with the Google for Startups Cloud Program. Get up to $200K in Google Cloud credits – or up to $350K for AI startups – plus training and guidance. Apply at https://startups.google.com/twist
Brex. the financial stack founders can bank on. Brex knows cash is king for startups, so they built a banking experience that takes every dollar further. Get the business account trusted by 1 in 3 US startups at https://www.brex.com/twist24
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Todays show:
David Weisburd hosts Dana Johns, Tom Loverro, and Jason Calacanis to discuss secondaries (2:37), VC leverage against startups (23:44), venture capital strategies (29:34), cybersecurity investments (38:03), and more!
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Timestamps:
(0:00) David Weisburd intros Dana Johns, Tom Loverro, and Jason Calacanis
(2:37) Secondary pricing signaling a potential VC recovery
(9:53) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.squarespace.com/twist
(11:02) Timeframes, returns for secondary funds, and founders' secondary sales
(15:32) Increasing liquidity in private markets
(22:42) Google Cloud - Accelerate your startup journey with the Google for Startups Cloud Program. Apply at https://startups.google.com/twist
(23:44) VC leverage against startups is near an all time high
(29:34) Venture capital strategies, succession planning, and valuation in the Goldilocks zone
(37:11) Brex - Get the business account trusted by 1 in 3 US startups at https://www.brex.com/twist24
(38:03) Cybersecurity investments, IPO window, and M&A market dynamics
(51:28) Lightning round on latest investments
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Check out the TWIST500: https://www.twist500.com
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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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
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Follow Dana:
LinkedIn: https://www.linkedin.com/in/danasjohns
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Follow Tom:
LinkedIn:https://www.linkedin.com/in/tomloverro
Check out: https://www.ivp.com/
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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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Thank you to our partners:
(9:53) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.squarespace.com/twist
(22:42) Google Cloud - Accelerate your startup journey with the Google for Startups Cloud Program. Apply at https://startups.google.com/twist
(37:11) Brex - Get the business account trusted by 1 in 3 US startups at https://www.brex.com/twist24
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Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, 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:
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
Substack: https://twistartups.substack.com
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Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We always have conversations about what's going on in the market. If you're not, that's kind of irresponsible |
| 0:04.4 | at my point of view. But we've always had a dictum that our strategy dictates the fun size, and fun size does not |
| 0:11.6 | dictate strategy. And every single GP will repeat those exact words and so for us it's always like okay |
| 0:18.2 | We're trying to lead |
| 0:19.7 | Rounds that are B's and C's and in the occasional D and even sometimes in A but how big are those rounds if we want to write the lead check how big is that lead check for the premium companies on average and we want to write 30 or 40 of those checks per fund over three years |
| 0:34.7 | that tells you our fund size. I'm struggling with a number of managers where |
| 0:38.9 | there is no succession plan. They're well into this is not like funds two or three, succession |
| 0:45.8 | plans are incredibly important, especially for long enduring, you know, kind of |
| 0:51.2 | funds that we hope to invest with into the future. |
| 0:56.0 | This weekend startups is brought to you by Squarespace. |
| 1:01.0 | Turn your idea into a new website. Go to Squarespace. dot com. space. |
| 1:03.0 | Go to Squarespace.com slash Twist for a free trial. |
| 1:07.0 | When you're ready to launch, use offer code Twist to save 10% off your first purchase of a website or domain. |
| 1:14.0 | Google for Startups. |
| 1:16.0 | Accelerate your startup journey with the Google for Startups Cloud Program. |
| 1:20.0 | Get up to 200K in Google Cloud Credits or up to 350 K for AI startups, plus training and guidance. |
| 1:27.4 | Apply at startups. Google.com slash twist. |
| 1:31.6 | And Brex the financial stack founders can bank on. Brex knows cash is |
| 1:37.8 | king for startups so they built a banking experience that takes every dollar |
| 1:41.6 | further. |
| 1:42.8 | Get the business bank account trusted by one in three US startups |
| 1:46.3 | at brex.com slash twist24. |
... |
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