Chapter
The difficult reality of raising LP money
38:55 - 45:20 (06:25)
Venture capitalist, Bill Gurley, explains that it will be challenging for many to raise LP (Limited Partner) money for private companies following the influx of multi-billion dollar funds, and that he would use his own money for 10-50 million dollars before relying on LP money, due to the increasing reliance on machines and accurate models to ensure you only rely on one winner.
Clips
Venture capitalists discuss the difficulties of larger funds, as they require multiple or larger winners to repay and how it causes chaos in down rounds or liquidation preferences for smaller companies.
38:55 - 42:02 (03:07)
Summary
Venture capitalists discuss the difficulties of larger funds, as they require multiple or larger winners to repay and how it causes chaos in down rounds or liquidation preferences for smaller companies.
ChapterThe difficult reality of raising LP money
EpisodeE80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Capital-as-a-Service was conceptualized as a way to create an index fund for pre-IPO tech companies using machine learning models to analyze data from Stripe, Shopify, and other platforms.
42:02 - 45:20 (03:18)
Summary
Capital-as-a-Service was conceptualized as a way to create an index fund for pre-IPO tech companies using machine learning models to analyze data from Stripe, Shopify, and other platforms. However, the idea failed due to incorrect public comparisons.