E13: Shai Goldman on What Differentiates Venture Funds that Generate 3X+ DPI?

Shai Goldman shares his insights on the evolution of the venture capital landscape, reflecting on his career trajectory and Brex's marketing strategies. The discussion delves into the effects of market downturns on venture capitalists and explores future trends with a focus on emerging managers. The conversation highlights the importance of discipline in VC, ownership dynamics, and the value of contrarian bets. Shai examines the characteristics of successful emerging managers, the ongoing debate between generalists and specialists, and the shifting dynamics within the LP community. The episode concludes with a look at the role of fund of funds and resources for founders and LPs.

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(0:00) Introduction and moment of silence for victims of terrorism (0:56) Supporting United Hatzalah (1:11) Jay Cal's influence and the early days of Uber (2:37) Shai Goldman's career and Brex's marketing strategies (5:06) Analysis of market downturns and their impact on VCs (8:40) Future trends and emerging manager dataset (14:13) Challenges facing emerging managers and positive outlook (18:47) Sponsor: AngelList (19:52) The critical role of discipline in venture capital (24:10) Ownership's role in VC success and VenCap insights (27:23) The value of contrarian bets and unconventional founders (29:22) Characteristics of successful emerging managers (31:01) Generalists vs. specialists and shifts in the LP community (36:20) Role of fund of funds in venture capital (38:17) Closing remarks and resources for founders and LPs