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Today’s show:
Michael Kim joins David Weisburd and Jason Calacanis to discuss LP doubts around GPs marking startups (2:43), LP portfolio construction (13:44), secondary strategies (19:57), Keith Rabois returning to Khosla Ventures (35:15), and more!
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Timestamps:
(0:00) David Weisburd hosts Michael Kim and Jason Calacanis to dive into the world of VCs, LPs and GPs
(2:43) Exploring the doubts LPs may have about how VCs are marking startups
(7:51) Jason's strategy as an LP in funds and the search for a universal gold standard in LP benchmarks
(10:14) Why LPs might be incentivized to allow markups from GPs
(12:49) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist
(13:44) LP portfolio management best practices
(19:57) Evaluating different GP strategies for secondary deals
(24:37) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://www.devsquad.com/twist
(25:44 ) Comparing "idealistic" and "pragmatic" fund manager archetypes. what the right number is for a founder to sell in secondary
(33:39) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist
(35:15) Breaking down Keith Rabois leaving Founders Fund to return to Khosla Ventures
(44:52) Addressing the challenges and responsibilities of starting a new firm
(48:08) Bill Ackman’s crusades, how LPs look at backing outspoken GPs
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Thanks to our partners:
(12:49) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist
(24:37) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://www.devsquad.com/twist
(33:39) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist
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X:
https://twitter.com/MKRocks
https://twitter.com/DWeisburd
https://twitter.com/Jason
LinkedIn:
https://www.linkedin.com/in/jasoncalacanis
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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