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Oct. 16, 2023

E13: Shai Goldman on What Differentiates Venture Funds that Generate DPI and How Brex Generated $100M Using a Growth Hack Most Startups Ignore

E13: Shai Goldman on What Differentiates Venture Funds that Generate DPI and How Brex Generated $100M Using a Growth Hack Most Startups Ignore

Shai Goldman, an investor, writer, and Brex ambassador sits down with David Weisburd to discuss the future of VC from his vantage point.

Shai Goldman, an investor, writer, and Brex ambassador sits down with David Weisburd to discuss the future of VC from his vantage point. We're proudly sponsored by AngelList, visit https://www.angellist.com/tlp if you’re ready to level up your startup or fund.


David and Shai would like you to consider donating to United Hatzalah: https://israelrescue.org/donate/


The Limited Partner podcast is part of the Turpentine podcast network. Learn more: www.turpentine.co

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X / Twitter:

@shaig (Shai)

@dweisburd (David)

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LINKS:

Shai Goldman https://nf.td/shai

United Hatzalah: https://israelrescue.org/donate/

Sign up for Brex: https://www.brex.com/product?partnerId=shai

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SPONSOR: AngelList

The Limited Partner Podcast is proudly sponsored by AngelList.


-If you’re in private markets, you’ll love AngelList’s new suite of software products.


-For private companies, thousands of startups from $4M to $4B in valuation have switched to AngelList for cap table management. It’s a modern, intelligent, equity management platform that offers equity issuance, employee stock plan management, 409A valuations, and more.


If you’re a founder or investor, you’ll know AngelList builds software that powers the startup economy. If you’re ready to level-up your startup or fund with AngelList, visit https://www.angellist.com/tlp to get started.

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Questions or topics you want us to discuss on The Limited Partner podcast? Email us at LPShow@turpentine.co

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TIMESTAMPS:

(00:00) Special message 

(01:10) Episode preview

(03:00) Brex's billboard campaign

(05:05) Shai's SVB experience

(06:00) Venture activity: comparing 2002, 2008 and 2022

(07:15) How did VC firms fare in the last 2 downturns?

(08:43) Where is VC going in the next 5 years?

(10:50) Competing with a company that has a war chest

(12:38) Emerging managers data resource

(14:23) Thoughts on startups

(15:21) What makes successful emerging managers?

(18:50) Sponsor: AngelList

(19:53) When being boring is good for the business

(22:33) Balancing investing and deploying capital

(24:00) 3x DPI and making good money

(26:06) Fund returners, grand slams, and outliers

(28:54) What is the secret sauce in finding the next emerging market?

(31:01) On generalists capturing their early stage home-runs

(33:10) GP fundraising in the LP community

(35:17) Investing in fund of funds

(38:17) LPs exploring emerging managers