EP 34: Interview w/ Oculus & Anduril Founder Palmer Luckey + Jon Sakoda Predicts Record VC Investments

The Logan Bartlett Show

Venture Capital - Can Managers Help if They Don't See the Opportunity?

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A lot of founders have been led to believe that somehow the venture industry is going to slow down for a long period of time. And we probably will see a block buster years next year, where we're setting new records because so much money is sitting in the dry powder reserve. But i don't know exactly, when you have the public markets trading off in a forty, 50, 60, 70 %, how much is that going to squeeze wht's ultimately happened in the private markets as well? Will there be this divorce that exists between public market valuations and private market valuations for an extended period of time?

In the 34th episode, Palmer Luckey discusses founding Oculus VR, the controversy that got him fired from Facebook, and having to fight lies in the media. Plus his current success with Anduril and what the job of a CEO really entails. Decibel’s Jon Sakoda also makes an appearance to talk about his prediction of record VC investments and the revival of startup funding in the coming years.

(0:00) Intro

(1:02) Welcome Jon Sakoda

(6:13) Jon’s charts

(14:49) Internet Bubble

(20:34) Public vs private market valuations

(32:58) Other takeaways and predictions

(35:45) Welcome Palmer Luckey

(36:21) Journalism school

(39:10) The Oculus story

(41:41) Choosing VR over personal issues

(45:26) Donating to pro-Trump group

(50:44) Game studios “not” working with Oculus

(57:19) Facebook leadership’s intent

(1:05:29) The takeaway from Facebook controversy

(1:12:16) Founding Oculus

(1:15:11) Following talents vs passion

(1:22:33) Selling Oculus

(1:27:17) Founding Anduril

(1:40:54) What Anduril does

(1:46:40) Knowing a little about a lot

(1:50:18) Morality in war

(1:53:42) Building technology before war occurs

(1:57:15) Going to Ukraine

(2:00:51) Being a CEO

(2:05:21) An executive’s actual job

(2:07:51) Wrap up

Show Notes:

https://www.linkedin.com/pulse/opening-floodgates-290-billion-venture-capital-reserve-jon-sakoda/

https://twitter.com/jonsakoda/status/1572269690810159105?s=21&t=FLkGcKd2el-h38sX9AMsaw

https://docs.google.com/presentation/d/1Hyn4FWHSNRrWJeddi0BMEQIMlmXy2SNj50T8jJcrKbw/edit#slide=id.g1273c4d3e67_15_0

Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

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A Saturday morning podcast hosted by Logan Bartlett (Partner and Managing Director at Redpoint Ventures) covering the tech news with his friends and other people with industry expertise.

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

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About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.