Liquidity

E17: Sequoia & the Hewlett Foundation on VCs NOT raising funds, Cisco's $1B AI fund, and more!

Jun 27, 2024

Konstantine Buhler, Ana Marshall, and Jason Calacanis discuss VCs not raising funds, challenges for new fund managers, capital deployment, emerging managers, Cisco's $1B AI fund, AI applications, M&A vs. IPO investments, and Lightning round on latest investments

01:01:22

Creator website

Episode guests

Jason Calacanis

Ana Marshall

Konstantine Buhler

AI Summary

Highlights

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Increased trend of VCs not raising new funds impacting valuations and pricing in different sectors.

Shift in investment pacing towards AI sectors while still funding non-AI companies at reasonable valuations.

Challenges in venture capital industry leading to fund closures, emphasizing need for realistic expectations and high returns.

Deep dives

Increased Number of VCs Not Raising Another Fund

The podcast discusses the doubling of VCs not raising another fund compared to last year. This trend may be underreported as 38% of VCs have stopped deal making, with only 2,725 active firms remaining. Sequoia, though strong in fundraising, is influenced by the weaker market, impacting valuations and pricing in different business sectors.

Real Deal: AI vs Crypto

01:41

Navigating the Fund Landscape

01:37

Intro

3min

Challenges and Strategies in Venture Capital Investments

26min

Evolving Business Models in the AI Era

10min

Historical Progression of Most Valuable Companies and Importance of Technological Revolutions

3min

Investing in Founders for Technological Dominance

8min

Exploring Dust: An AI-enhanced Productivity Suite

6min

Strategies for Startups to Gain Real Enterprise Customers and Avoid Deception

4min

Todays show:

David Weisburd hosts Konstantine Buhler, Ana Marshall, and Jason Calacanis to discuss VCs not raising new funds (1:28), Cisco's $1 billion AI fund (27:29), and more!

Timestamps:

(0:00) David Weisburd intros Konstantine Buhler, Ana Marshall, and Jason Calacanis

(1:28) VCs not raising new funds, market impact, and the current state of venture capital

(3:56) Challenges for new fund managers, power laws, and investment strategies

(9:02) Capital deployment, returns, and portfolio assessment

(14:28) Emerging managers and market trends

(26:57) Cisco's $1 billion AI fund

(32:09) AI applications and business models

(44:45) Investment strategies for M&A vs. IPO

(47:38) Lightning round on latest investments

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