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Jason Calacanis, founder of LAUNCH and host of the All-In Podcast and This Week in startups, sits down with David Weisburd to discuss his new fundraise and his views on the venture capital landscape.
Jason Calacanis, founder of LAUNCH and host of the All-In Podcast and This Week in startups, sits down with David Weisburd to discuss his new fundraise and his views on the venture capital landscape. We’re proudly sponsored by Tactyc, visit tactyc.io if you’re ready to level up your venture fund.
The Limited Partner podcast is part of the Turpentine podcast network. Learn more: turpentine.co
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X / Twitter:
@jason (Jason)
@dweisburd (David)
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LINKS:
LAUNCH: https://www.launch.co/
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SPONSOR: Tactyc
The Limited Partner Podcast is proudly sponsored by Tactyc.
Tactyc is the first forecasting and planning platform for venture capital funds. The platform is rapidly increasing efficiency and data-driven workflows and already works with over 300 funds.
It's time that managers build and maintain dynamic portfolio models to guide data-driven decisions without being burdened by spreadsheets. The solution enables portfolio construction in minutes and enables managers to share their construction plans with potential LP investors.
Tactyc also enables managers to analyze probabilistic scenario outcomes on their portfolio companies and advanced reserve optimization techniques.
Check them out at tactyc.io
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Questions or topics you want us to discuss on The Limited Partner podcast? Email us at david@10xcapital.com
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(00:00) Episode Preview
(01:15) Fundraising for LAUNCH and LP investing experience
(02:10) Sequoia’s investments in Twitter and Zynga
(03:12) Being Sequoia’s first venture scout and earning 50% carry
(04:28) Venture wealth bombs
(08:06) Jason’s 4,000x investment in Uber
(09:44) Loyalty in venture
(10:07) Investing in Superhuman
(13:15) How Jason got a 200x on an AngelList syndicate deal
(14:20) Episode Sponsor
(14:59) Unlocking value through secondaries
(15:41) Qualities of top managers
(16:23) Jason’s current fund
(17:21) Aligning incentives through a GP commitment
(20:54) Sourcing deals through Syndicate investments
(23:56) The importance of social proof
(25:04) Why deal flow is destiny
(28:23) The importance of ownership
(29:51) Sharp elbows in Series A and beyond
(31:28) Jason’s current portfolio construction
(32:29) YC's impact on venture
(34:05) Playing for carry, the importance of a techstack and the myth of work life balance
(36:19) Venture is a competition
(37:06) Why early stage venture is not zero-sum
