Top 5 VC funds raise big $, venture capital DPI is back, and Sequoia’s offer to LP’s | E1981
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 17 July 2024
⏱️ 61 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at https://www.openphone.com/twist
AssemblyAI. Get maximum value from voice data with AssemblyAI. Build powerful products and features for your end users on the industry’s leading speech-to-text models. Get 100 free hours to start building at https://www.assemblyai.com/twist
CommandBar. Seamlessly integrate an AI-powered guide into your software, making navigation intuitive and interactive. Visit https://commandbar.com/twist to get a custom live demo.
*
Todays show:
David Weisburd hosts Jamie Rhode, Matthew Mulvey, and Jason Calacanis to discuss DPI coming to Silicon Valley (2:11), demographic data on the backgrounds of Unicorn founders (26:55), and trends for limited partners (36:10), and more!
*
Timestamps:
(0:00) David Weisburd intros Jamie Rhode, Matthew Mulvey, and Jason Calacanis
(2:11) DPI, Wiz acquisition, and economic impacts on distributions
(5:48) Consistent vintage exposure and proactive DPI management strategies
(8:55) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(10:22) Sequoia's liquidity approach and LP needs in venture capital
(17:13) The role of emerging managers and secondary markets in VC
(25:44) AssemblyAI - Get 100 free hours to start building at https://www.assemblyai.com/twist
(26:55) Unicorn founder demographics and underdog success
(35:05) CommandBar. Visit https://commandbar.com/twist to get a custom live demo.
(36:10) LP preferences, the challenges for emerging managers, and democratizing venture investments
(50:54) The decline of first-time funds, motivations for fund creation, and innovations in fundraising
(51:56) Venture portfolio management with AI and technology adoption parallels
*
Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com/
Check out the TWIST500: https://twist500.com
*
Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
*
Mentioned on the show:
https://www.axios.com/2024/07/15/sequoia-capital-stripe
https://techcrunch.com/2024/03/27/unicorn-founders
*
Follow Jamie:
LinkedIn: https://www.linkedin.com/in/jerrcfa
Check out: https://www.screendoor.co/
*
Follow Matthew:
LinkedIn: https://www.linkedin.com/in/mattmulvey/
Check out: https://www.liquid2.vc/
*
Follow David:
X: https://twitter.com/DWeisburd
LinkedIn: https://www.linkedin.com/in/dweisburd
Check out: https://10xcapital.com
*
Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
*
Thank you to our partners:
(8:55) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(25:44) AssemblyAI - Get 100 free hours to start building at https://www.assemblyai.com/twist
(35:05) CommandBar. Visit https://commandbar.com/twist to get a custom live demo.
*
Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
*
Check out Jason’s suite of newsletters: https://substack.com/@calacanis
*
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
*
Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916
Transcript
Click on a timestamp to play from that location
| 0:00.0 | certain percentage of the fund needs to be accredited or qualified purchasers or even institutional capital, |
| 0:06.0 | meaning that not a credit investors just get to co-invest alongside real institutional capital. |
| 0:11.5 | That's what I've never heard anybody is that idea have you is that idea been |
| 0:14.3 | floated before I think I've read that somewhere but yeah it's it's a pretty |
| 0:18.3 | straightforward I'm pretty well read on this and I've never heard anybody say the |
| 0:22.0 | percentage of the fund should be |
| 0:23.3 | let's say 50% non-accredited investors and then the rest could be a |
| 0:27.9 | qualified well no I think it's a good David rule because what it does is it says if half the fund is sophisticated the other half can be unsophisticated is what you're saying. |
| 0:37.2 | You know if half the funds are already rich the other half could be wanting to be rich. |
| 0:42.2 | This week in startups is brought to you by |
| 0:45.0 | Open Phone. |
| 0:46.0 | Create business phone numbers for you and your team |
| 0:49.0 | that work through an app on your smartphone or desktop. |
| 0:52.0 | Twist listeners can get an extra 20% off any plan. on your |
| 0:55.0 | first six months at open phone |
| 0:58.0 | slash twist. |
| 1:01.0 | get maximum value from voice data with assembly AI. |
| 1:05.0 | Build powerful products and features for your end users on the industry's leading speech |
| 1:09.1 | to text models. |
| 1:10.6 | Get 100 free hours to start building at assembly AI.com slash twist and command bar |
| 1:18.1 | seamlessly integrate an AI-powered guide into your software making navigation intuitive and interactive. |
| 1:25.0 | Visit commandbar.com slash twist to get a custom live demo. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Jason Calacanis, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Jason Calacanis and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.