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This Week in Startups

Apurva Mehta and Jack Altman on Sam Altman, CalPERS, and Liquidation Preferences | E1927

Apr 6, 2024
In this engaging conversation, Jack Altman, founder of Lattice and Alt Capital, and Apurva Mehta, investor at Summit Peak, dissect the impressive investment wins by Sam Altman, particularly his role in Reddit's IPO. They delve into the significance of Special Purpose Vehicles (SPVs) and the vital role of trust in venture capital relationships. Additionally, they discuss the increasing exposure of CalPERS to the venture scene and the complexities of liquidation preferences, shedding light on both opportunities and challenges in the startup investment landscape.
01:03:17
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Episode guests

Apurva Mehta
Jack Altman

Podcast summary created with Snipd AI

Quick takeaways

  • Having a dedicated and experienced board member can significantly benefit startup success by offering consistency, external perspective, and industry knowledge.
  • The dual role of investors operating businesses in venture capital emphasizes how operational experience enhances investment decisions and strategic outcomes.

Deep dives

The Value of a Supportive Board on Startup Success

Having a dedicated and experienced board member with a long-term commitment can significantly benefit startup success. A reliable board offers consistency, an external perspective, and unique industry knowledge. Boards can provide valuable insights and connections that executives within the company might overlook. A positive and engaged board can serve as a strategic asset, boosting the company's prospects.

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