Hedge funds are coming down from the public markets, and they're going early and earlier. Do not like the sp v process is, i think it's has raising the money. It takes a lot of for you have to convince me. You don't men diligence, like, who eno? New dealw does diligence? I do massively. And everybody kind of understands that at this early, early stage. Im an na sequoi haan, or new sequoia fund. Sequoi is saying, he listen, i'm rule of both.
Banana Capital's Turner Novak joins to discuss breaking into venture, starting his own fund (11:08), what it's like being an emerging manager, rising valuations, and crypto (45:10). Turner also makes the case for quick commerce, group grocery buying in Latin America (1:04:03) and more!