This week Erik is joined by Sam Lessin, General Partner at the early-stage VC firm Slow Ventures, essayist, and former VP of Product at Facebook. If you’re looking to make fund administration easy and intuitive, check out: http://carta.com/turpentine
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SPONSORS:
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RELATED SHOWS:
If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner
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X / TWITTER:
@lessin (Sam)
@eriktorenberg (Erik)
@slow (Slow Ventures)
@TurpentineVC
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TIMESTAMPS:
(00:00:00) Episode Preview
(00:01:22) On Screenshot Essays, writing, and being OK with being wrong
(00:04:04) Sam's thesis on the factory system of venture capital
(00:07:18) What does venture look like when the factory line is over?
(00:10:14) Sam's bearishness on YC and a16z
(00:12:36) What are the best firms going to look like in the future?
(00:15:36) Sponsor: Carta
(00:16:17) The future state of company building and venture
(00:21:46) The biggest factors of luck in life and company building
(00:23:15) Sam's thesis on constellation software
(00:28:38) Team Shares and why that's Sam's most bullish investment
(00:31:49) Sponsors: Synaptic | Pesto Tech
(00:33:15) Why Sam is bullish on crypto
(00:38:32) The different models of finance and investing in creators
(00:42:08) Sam's advice for future investors in 2040
(00:45:21) Is the LP landscape going to change significantly?
(00:52:17) Lower variance founders
(00:56:08) Kardashians and the future of media / celebrity
(00:57:42) Sam on Balaji's protech and anti-journalist class
(1:01:00) How can we represent social capital on the internet?
(1:02:41) On the end of capitalism
(1:05:38) Slow Ventures today and where they expect to go in the future
(1:07:26) Sponsor: Carta
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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.
