E18: Sam Lessin on What's Going to Happen to VC in 2024
"Turpentine VC" | Venture Capital and Investing
The Future of Podcasting and Advertisements
Discussion about the possibility of future podcast episodes and the certainty of continuing podcasting.
Today we’re back with Sam Lessin for a round 2 focused on the changing landscape of venture. We dig into the viability of M&A as a strategy for startups, “its always been crypto”, media businesses, and the role of reputation systems. If you need an ecommerce platform, check out our sponsor Shopify: https://shopify.com/momentofzen for a $1/month trial period.
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TIMESTAMPS:
(00:00) Episode Preview
(01:27) Round 2 with Sam, the VC Doomer
(06:24) The mechanism of how low interest rates leads to public markets valuing companies at super high multiples
(10:28) Disruption fundamentally changed who the winners and losers would be
(15:49) Sponsor - NetSuite
(16:50) What would a $100B company look like in 15-20 years
(23:20) The emergence of cultural changes after Covid-19
(28:27) The only way to make real money is to be betting differently
(36:36) Do franchises go public and the fundamental liquidity question
(42:01) What's the best business to build on top of media company?
(51:20) Sam's insights on reputation businesses
(55:00) Sam's take on advanced reputation system
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