Chapter
Qualifications for venture capitalists
34:40 - 43:18 (08:37)
The qualifications for becoming a venture capitalist do not necessarily require the ability to pick successful businesses or operate and run a company. Often, venture capitalists are unsophisticated about investing and are more focused on the ability to write a certain number of checks per year, rather than being a disciplined, discerning allocator of capital.
Clips
The last 12 to 18 months saw more market distortion than any time since post-World War Two, which can lead to ignoring valuable lessons and moving out on the risk curve.
34:40 - 36:28 (01:47)
Summary
The last 12 to 18 months saw more market distortion than any time since post-World War Two, which can lead to ignoring valuable lessons and moving out on the risk curve. Founders and their teams need to be aware of these distortions and learn from experienced individuals to avoid negative signals.
ChapterQualifications for venture capitalists
EpisodeE73: Late-stage VC markdowns and mistakes, market strategy, Ukraine/Russia update with Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The burn rate of startups can be accurately predicted based on factors such as OPEX and input costs.
36:28 - 38:57 (02:28)
Summary
The burn rate of startups can be accurately predicted based on factors such as OPEX and input costs. The blame for failed startups is often placed on the capital allocators who buy into the culture of no governance and uncapped notes.
ChapterQualifications for venture capitalists
EpisodeE73: Late-stage VC markdowns and mistakes, market strategy, Ukraine/Russia update with Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A recruiter told a venture capitalist that the one thing that mid-level executives look for when joining a venture firm is how many deals they can do per year.
38:57 - 39:46 (00:49)
Summary
A recruiter told a venture capitalist that the one thing that mid-level executives look for when joining a venture firm is how many deals they can do per year.
ChapterQualifications for venture capitalists
EpisodeE73: Late-stage VC markdowns and mistakes, market strategy, Ukraine/Russia update with Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses the lack of qualification required to become a venture capitalist and how it affects the judgment of capital allocators, turning them into a deal-making machine.
39:48 - 43:18 (03:30)
Summary
The podcast discusses the lack of qualification required to become a venture capitalist and how it affects the judgment of capital allocators, turning them into a deal-making machine. Additionally, the speaker emphasizes the importance of disciplined and discerning allocation of capital instead of merely focusing on writing a certain number of checks each year.