Different Decision-Making Cultures in VC Firms

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Today’s show:

Michael Kim joins David Weisburd and Jason Calacanis to discuss LP doubts around GPs marking startups (2:43), LP portfolio construction (13:44), secondary strategies (19:57), Keith Rabois returning to Khosla Ventures (35:15), and more!

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Timestamps:

(0:00) David Weisburd hosts Michael Kim and Jason Calacanis to dive into the world of VCs, LPs and GPs

(2:43) Exploring the doubts LPs may have about how VCs are marking startups

(7:51) Jason's strategy as an LP in funds and the search for a universal gold standard in LP benchmarks

(10:14) Why LPs might be incentivized to allow markups from GPs

(12:49) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist

(13:44) LP portfolio management best practices

(19:57) Evaluating different GP strategies for secondary deals

(24:37) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://www.devsquad.com/twist

(25:44 ) Comparing "idealistic" and "pragmatic" fund manager archetypes. what the right number is for a founder to sell in secondary

(33:39) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist

(35:15) Breaking down Keith Rabois leaving Founders Fund to return to Khosla Ventures

(44:52) Addressing the challenges and responsibilities of starting a new firm

(48:08) Bill Ackman’s crusades, how LPs look at backing outspoken GPs

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Thanks to our partners:

(12:49) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist

(24:37) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://www.devsquad.com/twist

(33:39) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist

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X:

https://twitter.com/MKRocks

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https://twitter.com/Jason

LinkedIn:

https://www.linkedin.com/in/jasoncalacanis

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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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