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This Week in Startups

LIQUIDITY: Major challenger to OpenAI, xAI, closing on $6B in funding | E1944

May 6, 2024
Jason Calacanis, a startup expert and founder of Launch Fund, teams up with Joshua Berkowitz, a partner at Berk Corp and co-founder of Dexa.ai, and Donald Stalter, a partner focusing on early-stage investments at Global Founders Capital. They dive into the recent $6B funding round for xAI, discussing how this impacts the competitive AI landscape. They also tackle emerging managers in venture capital and the changing dynamics post-SVB's portfolio situation. The conversation provides unique insights into the intersection of tech advancement and investment strategies.
01:05:38
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Episode guests

Joshua Berkowitz
Donald Stalter
Jason Calacanis

Podcast summary created with Snipd AI

Quick takeaways

  • LPs prefer investing in diverse emerging managers for unique opportunities and higher returns.
  • Shift towards resilient and scrappy emerging managers driving innovation in venture capital.

Deep dives

Investment Strategies and Fund Size

Some LPs prefer investing in a diverse portfolio of emerging managers rather than large multi-stage firms. They believe that focusing on emerging funds can lead to unique opportunities and higher returns. Keeping the fund size manageable, between $10-50 million, allows for more focused investments and a closer involvement in the startup ecosystem. This strategy also emphasizes on ensuring the LPs' passion and commitment to the investments they make, rather than simply following traditional growth patterns.

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