Unique Approach to Investing in Crypto with Focus on Real-World Applications

Exploring a strategic investment approach in the crypto sector focused on real-world applications like building a 5G network, addressing societal needs, and enhancing Wall Street trading. Emphasizing a stance against illicit crypto activities and a dedication to regulatory compliance.

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Erik Torenberg talks to Vinod Khosla about his contrarian bets at Khosla Ventures, the firm’s strategic thinking about the future, and why his “venture assistance” is different than other funds. They also discuss his investment thesis in AI (including OpenAI), robotics, biotech, crypto, education, transportation, and more. Source better deals with the most complete startup database: https://bit.ly/harmonicturpentine

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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.

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Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episode is on Rubrik - which just IPO'd. Coming up this season: Databricks, Reddit + more
Spotify: https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJ
Apple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197

If you like Turpentine VC, check out our show The 10x Capital Podcast with David Weisburd, where David talks to the investors behind the investors: https://10xcapitalpodcast.com/

LINKS:

Favorite book: The Score Takes Care of Itself by Bill Walsh
Vinod’s Predictions (2023) : https://www.khoslaventures.com/vinod-predictions-in-2023-of-what-the-next-10-to-25-years-might-look-like/
Reinventing Societal Infrastructure with Technology (2018) : https://medium.com/@vkhosla/reinventing-societal-infrastructure-with-technology-f71e0d4f2355

TIMESTAMPS:

(00:00) Intro

(00:49) Reflecting on 20 Years of Khosla Venture's Evolution and Team Dynamics

(07:12) Staying the Course: Long-Term Investments and Impact

(11:31) Contrarian Bets

(13:20) Redefining Humanity

(15:41) Crypto Strategy and Real-World Applications

(17:55) Sponsor: Harmonic | Squad

(20:24) Venture Assistance and Team Building Insights

(25:34) On Good and Bad Advice

(28:32) Determining Who to Take Advice From

(30:21) Rethinking Hiring and Entrepreneurship