An obvious bet for hentry snarwits. What a great marketing exercise like founders fund for them to put out in the world. They have downside protections and big amounts of capital. So just as a branding, marketing exercise, if they just return their three 50 back, or they double their money. Now, every founder knows that, you know, not only will we never oust the founder, we will be a home for wayward, ousted founders. Kind of brilliant when you think about it. Nothing yo, do you really fory would oust e foundus? Maybe i know that, yodo, i a hundred %. Bring me te mutinous men who are behaving
Huge interview today. "Power Law" author Sebastian Mallaby joins the show to break down some of the most important moments in VC history and his lessons from writing the book, including: the youth revolt (14:18), KP vs Sequoia (27:02), what makes a legendary VC (38:40), and more!
(0:00) Jason tees up today's interview with "Power Law" author Sebastian Mallaby
(1:42) Sebastian explains how and why he wrote a book on the history of VC
(13:13) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(14:18) The virtuous cycle of luck early in a VC career, youth revolt in startups, Zuckerberg spurning Sequoia
(26:02) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(27:02) Tom Perkins and the Kleiner Perkins rise and fall vs Sequoia's sustained dominance, KP's Genentech investment
(37:18) Harmonic - Get $4000 off at https://harmonic.ai/twist
(38:40) What characteristics make a legendary VC?
(56:29) Why are institutional LPs allocating more capital to VC, what happened with China's interest in the industry? Other investable industries other than software
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BUY "Power Law": https://www.amazon.com/Power-Law-Venture-Capital-Making/dp/B094PSKDZV