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Jason Calacanis on Democratizing Venture Capital, How to Handle Large Winners, & Why The Price You Pay Matters...Even in Venture Capital | #469

The Meb Faber Show - Better Investing

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The Democratization of Venture Capital Is the Next Card to Turn Over

The vintages of these funds are very important. My vintage as an angel investor was, whoa, with Uber and thumbtack and Robinhood and fun one. What's the vintage going to look like for 2020, 2021? It's not going to be good. The fortunes are made in the down market, investing in private market companies. And then the market gets hot and things go public - that's when they're collected.

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