AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min snip
E141: State of Series A's, VC dry powder, IPO window opens + more with Bill Gurley & Brad Gerstner
All-In with Chamath, Jason, Sacks & Friedberg
Underperformant billion-dollar companies and misconceptions about VC's dry powder
Underperformant companies valued over a billion dollars are dead until market clearing price is reached/nVCs do not have the raised money, it is with LPs/nLPs charge fees based on committed amount, but don't draw the money until needed/nPrivate company valuations are assessed using crude techniques/nLPs are often bonus on the paper mark and have no incentive to get marks right
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode