Top 5 VC funds raise big $, venture capital DPI is back, and Sequoia’s offer to LP’s | E1981
This Week in Startups
Intro
Exploring the allocation of a fund where a percentage is reserved for accredited investors and non-accredited investors can co-invest with institutional capital. The chapter delves into the implications of mixing sophisticated and unsophisticated investors and offers innovative suggestions for balancing experienced and novice investors.
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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!
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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
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Mentioned on the show:
https://www.axios.com/2024/07/15/sequoia-capital-stripe
https://techcrunch.com/2024/03/27/unicorn-founders
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Follow Jamie:
LinkedIn: https://www.linkedin.com/in/jerrcfa
Check out: https://www.screendoor.co/
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Follow Matthew:
LinkedIn: https://www.linkedin.com/in/mattmulvey/
Check out: https://www.liquid2.vc/
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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:
(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.
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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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