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Todays show:
Jason joins David Clark of VenCap to discuss what distinguishes longevity and success in VC (5:25), the importance of strategy and timing when selling (25:47), preparing with founders for when things may go south (48:43), and more!
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Timestamps:
(0:00) David Clark joins Jason.
(2:41) Looking at the data behind VenCap’s approach to alpha vs beta, managers and their over 500 investments to date.
(5:25) What distinguishes longevity and success in VC.
(9:15) Analyzing the data from David's chart covering 12,000 companies and the power law.
(10:34) Gusto - Get three months free when you run your first payroll at http://www.gusto.com/twist
(12:43) Portfolio strategy and finding that 1% of fund returners.
(18:59) The value of investing in a company over a longer period of time.
(21:23) Northwest Registered Agent - Get a 60% discount on your next LLC at - https://www.northwestregisteredagent.com/twist
(22:17) The challenges VenCap faces when looking at seed managers.
(25:47) The importance of strategy and timing on selling.
(29:18 ) Uizard - Get 25% off Uizard Pro for an entire year at http://www.uizard.io/twist
(33:05) Managing successful GPs and having them ‘stay in the game’.
(41:49) The misunderstandings of the J-Curve.
(48:43) Preparing with founders for when things may go south.
(58:36) Founder Fridays message from Jason.
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LINKS:
Check out VenCap: https://www.vencap.com/
Watch the Brian Singerman episode here: https://youtu.be/o5Z0-d5w18M
Watch the Michael Kim episode here: https://youtu.be/a2FL_FvwoUA
Check out Founder Fridays: http://thisweekinstartups.com/meetups
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Follow David:
X: https://twitter.com/daveclark85
LinkedIn: https://www.linkedin.com/in/david-clark-6678b6b/?originalSubdomain=uk
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Follow Jason:
X: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(10:34) Gusto - Get three months free when you run your first payroll at http://www.gusto.com/twist
*Gusto pricing shown in ad is based on pricing prior to March 2025
(21:23) Northwest Registered Agent - Get a 60% discount on your next LLC at - https://www.northwestregisteredagent.com/twist
(29:18 ) Uizard - Get 25% off Uizard Pro for an entire year at http://www.uizard.io/twist
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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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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
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