This Week in Startups

Satya Patel on the state of VC, flexible investing frameworks & converting to evergreen | E1715

Apr 6, 2023

Satya Patel, co-founder of Homebrew and ex-Google and Twitter, dives into the evolving landscape of venture capital. He discusses the economics and flexibility of being a self-funded GP, shedding light on investment frameworks. Satya also examines the pressures of managing funds and the innovative challenges at Google, alongside the impact of AI on user engagement. The conversation highlights the importance of founder-friendly practices and fosters an insightful look at navigating the complexities of startup governance and the future of investment in AI.

01:27:33

Creator website

Episode guests

Satya Patel

AI Chapters

Episode notes

Intro

2min

Building Culture and Investment Strategies

8min

Ensuring Financial Security and Flexible Investment Strategies for Startups

3min

Navigating Investment Pressures and Innovations

11min

Navigating Data Ownership and AI Innovation

4min

Navigating the AI Investment Landscape

10min

Psychology and Strategy in Venture Capital

7min

Challenges and Opportunities in Startup Investing

14min

The Psychology of Successful Founders

6min

10.

Navigating Startup Governance

21min

11.

Navigating VC Financing and Passionate Investment Partnerships

2min

Satya Patel joins Jason to discuss the economics of being a self-funded GP and the structure of their fund (6:51). Then, they have an all-encompassing discussion about the challenges of running Google today, the state of VC, and much more (15:44). Before wrapping, they discuss their investing frameworks and when and when they will not break them (43:29).

(0:00) Nick kicks off the show

(1:21) Satya's early days a Google

(6:51) The economics of being a solo GP

(9:29) Mercury - Apply in minutes and get up to $5M in FDIC insurance at https://mercury.com

(10:58) The structure of a fund

(15:44) The challenges of running Google today

(17:51) The evolution of chat-based search

(22:55) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

(24:25) The balkanization of AI data

(29:55) The pace of AI and the harsh reality of the private sector

(38:11) Clumio - Start a free backup, or sign up for a demo at https://clumio.com/twist

(39:28) Saying "no" to external funds