This Week in Startups

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

Apr 6, 2024

01:03:17

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Apurva Mehta and Jack Altman discuss Sam Altman's investment success, the role of SPVs in investments, CalPERS increasing exposure to venture, and liquidation preferences. They dive into investment strategies, trust in the ecosystem, and the importance of alignment between partners in managing multiple investors through SPVs.

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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.

Evolving dynamics in the venture capital landscape stress the importance of strategic alignment, disciplined investing, and fostering trust in partnerships.

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.

Introduction

3min

Unveiling the Qualities of Successful Investors and Operators

6min

Lessons on Focus, Patience, and Ownership in the Startup World

5min

Navigating SPVs for Investments

10min

Importance of Trust in Business Relationships

3min

Venture Capital Trends and Startup Funding Evolution

14min

Navigating Executive Turnover and Board Continuity in Growing Companies

3min

Navigating Funding Rounds: From Seed to IPO

6min

Analysis of Liquidation Preferences, Portfolio Dynamics, and Market Optimism

3min

10.

Venture Capital Concerns and Startup Investments

11min

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Todays show:

David Weisburd hosts Apurva Mehta, Jack Altman, and Jason Calacanis to discuss Sam Altman’s huge investment wins (2:34), the role of SPVs (13:19), CalPERS increasing their exposure to venture (26:19), and liquidation preferences (45:56).

Timestamps:

(0:00) David Weisburd intros Apurva Mehta, Jack Altman, and Jason Calacanis

(2:34) Reddit's IPO and Sam Altman's investment success

(5:48) Apurva's investment strategy and thoughts on fund size and portfolio strategy

(11:50) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist

(13:19) The role of SPVs and the importance of trust in the investment ecosystem

(24:53) Marketing Against the Grain ⁠https://www.youtube.com/watch?v=xHrjktuM1Dc

https://lnk.to/h3vKHnTW

(26:19) CalPERS and pension funds increasing their exposure to venture capital and private equity

(28:11) Is it a good time to invest in venture?

(41:48) Gelt. It’s time to take control over your taxes. Visit https://joingelt.com/twist now

(43:02) Fundraising and decision-making processes