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Liquidity

E9: Dave Mcclure & Jordan Stein on YC, "Spray and Pray", and Games VCs Play

Mar 30, 2024
Dave McClure and Jordan Stein discuss YC investing, the role of secondary funds, and betting on outliers in the venture capital industry. They explore entry point evaluation, the rise of capital call requests, and the decision-making process for doubling down on successful startups.
01:25:37

Podcast summary created with Snipd AI

Quick takeaways

  • Investing in outliers is crucial for success in venture funds.
  • Secondary funds play a vital role in mitigating company shutdown risks.

Deep dives

Assessing Venture Fund Continuity

Assessing the future of venture funds involves looking at the ability of fund managers to identify the best opportunities and support chosen investments. Recommendations from founders and other investors play a crucial role in evaluating fund managers' track records and reputation. References, community feedback, and discussions with other LPs help in gauging a fund manager's performance and commitment to venture investing.

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