E18: Avlok Kohli on How He Turned AngelList into a $4 Billion Dollar Company | E18

Avlok Kohli, CEO of AngelList sits down with David Weisburd and Erik Torenberg to discuss how he grew AngelList into a $4B dollar company. We’re proudly sponsored by Bidav Insurance Group, visit lux-str.com if you’re ready to level up your insurance plans.

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

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X / Twitter:

@avlok (Avlok)

@dweisburd (David)

@eriktorenberg (Erik)

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LINKS:

AngelList: angellist.com/tlp

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SPONSOR: Bidav Insurance Group

The Limited Partner Podcast is proudly sponsored by Bidav Insurace Group.

Today's episode is sponsored by Bidav Insurance Group. Bidav Insurance Group is run by my close friend, Amit Bidav, who insures me both personally and at the corporate level.

Most people are not aware of the inherent conflicts in insurance, where insurance agents are incentivized to send their clients to the most expensive option. Amit has always been an incredible partner to me and 10X Capital, driving down our fees considerably while providing a premium solution. I am proud to personally endorse Amit and I ask that you consider using Bidav Insurance Group for your next insurance need, whether it be D&O, cyber, or even personal, car, and home insurance.

You could email Amit at amit@luxstr.com.

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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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TIMESTAMPS

(00:00) Episode Preview

(00:59) Why Founders need to be resilient

(02:49) Why it’s rational to double down on yourself

(04:57) Founder vs Operator mentality

(11:07) Why empathy can hold leaders back

(13:21) Episode Sponsor: Bidav Insurance Group

(14:16) Do MBAs matter?

(16:39) Avlok’s views on emerging managers

(19:27) How AngelList services large funds

(21:34) AngelList Data Room and why it’s been mass adopted by funds

(22:48) How managers should utilize Treasuries

(25:04) AngelList’s product philosophy

(27:31) How CFOs balance CEOs

(29:50) What we can learn from CashApp and Square

(32:08) The importance of “disagree and commit”

(34:41) The fallacy of the 10% turnover rule

(36:24) AngelList’s wealth of data

(38:35) “Power law is a hell of a thing”

(41:44) Gauging investor skillset

(44:09) “The primary place where Naval lives is in building great products”

(48:48) AngelList’s plans to be the system of record for all private market transactions

(50:51) How to reach Avlok