Apurva Mehta and Jack Altman on Sam Altman, CalPERS, and Liquidation Preferences | E1927
This Week in Startups
The Evolution of Operator-Investors: Strategies and Challenges
This chapter examines the transition of operators into investors, showcasing their operational advantages and evolving strategies. It also addresses the challenges of maintaining focus while juggling investments in multiple startups.
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Todays show:
David Weisburd hosts Apurva Mehta, Jack Altman, and Jason Calacanis to discuss Sam Altman’s huge investment wins (2:34), the role of SPVs (13:19), CalPERS increasing their exposure to venture (26:19), and liquidation preferences (45:56).
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Timestamps:
(0:00) David Weisburd intros Apurva Mehta, Jack Altman, and Jason Calacanis
(2:34) Reddit's IPO and Sam Altman's investment success
(5:48) Apurva's investment strategy and thoughts on fund size and portfolio strategy
(11:50) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist
(13:19) The role of SPVs and the importance of trust in the investment ecosystem
(24:53) Marketing Against the Grain https://www.youtube.com/watch?v=xHrjktuM1Dc
(26:19) CalPERS and pension funds increasing their exposure to venture capital and private equity
(28:11) Is it a good time to invest in venture?
(41:48) Gelt. It’s time to take control over your taxes. Visit https://joingelt.com/twist now
(43:02) Fundraising and decision-making processes
(45:56) Higher liquidation preferences at the later stage
(55:49) Rapid fire segment on recent investments
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Mentioned on the show:
https://www.foundationhealth.com
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Follow Apurva:
X: https://twitter.com/mehtaaapurva
LinkedIn: https://www.linkedin.com/in/apurvaamehta/
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Follow Jack:
LinkedIn: https://www.linkedin.com/in/jackealtman/
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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:
(11:50) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist
(24:53) Marketing Against the Grain https://www.youtube.com/watch?v=xHrjktuM1Dc
(41:48) Gelt. It’s time to take control over your taxes. Visit https://joingelt.com/twist now
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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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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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