Considering Motivation and Taking Money from Authoritarian Countries' Wealth Funds

(0:00) David Weisburd, Michael Kim, and Jason Calacanis dive into the world of LPs and GPs

(1:07) Exploring doubts LPs may have about how VCs are marking startups

(6:08) Jason's strategy as an LP in funds and the search for a universal gold standard in LP benchmarks

(8:39) Why LPs might be incentivized to allow markups from GPs

(11:13) LP portfolio management best practices

(17:25) Evaluating different GP strategies for secondary deals

(22:05) Comparing "idealistic" and "pragmatic" fund manager archetypes, and what the right number is for a founder to sell in secondary

(30:00) Breaking down Keith Rabois leaving Founders Fund to return to Khosla Ventures

(38:34) Challenges and responsibilities of starting a new venture firm

(42:59) Bill Ackman’s crusades, how LPs look at backing outspoken GPs

X:

https://twitter.com/Jason

https://twitter.com/MKRocks

https://twitter.com/DWeisburd

LinkedIn:

https://www.linkedin.com/in/jasoncalacanis

https://www.linkedin.com/in/michael-kim-cendana-capital

https://www.linkedin.com/in/dweisburd