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.

Apurva Mehta, Managing Partner of Summit Peak Investment, discusses the power laws in portfolios, alpha in early stage investing, differentiating a great LP, and asset classes in the investor base. They explore the challenges faced by founders, the role of venture capitalists, and the value of working with family offices as partners in the VC ecosystem.