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.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ADVICE

Investing & Operating Success

  • Think independently about the future and bet hard on your predictions.
  • Identify non-obvious talent and assemble a strong team around your vision.
INSIGHT

Challenges of Building Big

  • Building a successful company is incredibly difficult and demands resilience.
  • Founders of great companies often possess unique strengths or "spikes."
ANECDOTE

Reddit's Steady Growth

  • Reddit’s consistent product vision over 20 years is a key to its success.
  • Digg, initially more successful, faltered by constantly chasing Facebook’s model.
Get the Snipd Podcast app to discover more snips from this episode
Get the app