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This Week in Startups

Michael Kim, Jason Calacanis, and David Weisburd on VC marks, Rabois leaving FF for Khosla, and more | E1879

Jan 12, 2024
01:01:22
Snipd AI
Michael Kim and Jason Calacanis join David Weisburd to delve into the world of VCs and LPs, exploring doubts LPs may have about startup valuations, discussing Rabois' move from Founders Fund to Khosla Ventures, and more!
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Podcast summary created with Snipd AI

Quick takeaways

  • LPs appreciate transparent and proactive valuation marking by fund managers, which enhances trust in the decision-making process.
  • Regular and open communication between VC firms and founders is crucial for understanding progress and providing guidance.

Deep dives

LPs Doubt Venture Fund Startup Marks

LPs are questioning the valuations from venture capital firms, particularly in light of recent market fluctuations. The Wall Street Journal reported that LPs are concerned about whether they can trust current valuations. Michael Kim of Sendana Capital, an LP, stated that while fund managers are generally good at marking down valuations, there can still be red flags if they are slow to adjust or not proactive in marking down their portfolios. LPs appreciate fund managers who are transparent and proactive in marking down valuations, as it demonstrates good governance and makes LPs more confident in the fund's decision-making process.

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