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Jan. 23, 2024

E23: Tomasz Tunguz on the Theory Behind Theory Ventures

E23: Tomasz Tunguz on the Theory Behind Theory Ventures

In this episode of Turpentine VC, Tomasz Tunguz, General Partner at Theory Ventures, joins Erik Torenberg to discuss the Theory Ventures model, the coming contraction in investable VC dollars, Tom’s contrarian view on blockchain, the parallels between PE and VC, and much more.

In this episode of Turpentine VC, Tomasz Tunguz, General Partner at Theory Ventures, joins Erik Torenberg to discuss the Theory Ventures model, the coming contraction in investable VC dollars, the parallels between PE and VC, and much more. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/turpentine

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We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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Join our free newsletter to get Erik's top 3 insights from each episode: https://turpentinevc.substack.com/

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RELATED SHOWS: The Limited Partner

If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner

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X / TWITTER:

@ttunguz (Tom)

@Theoryvc (Theory Ventures)

@eriktorenberg (Erik)

@cjgustafson222 (CJ)

@TurpentineVC

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TIMESTAMPS:


(00:00) Episode Preview

(01:02) The Theory Behind Theory Ventures

(03:14) The Coming Drop in VC Dollars

(05:23) Advice for Emerging Managers

(07:06) VC Differentation

(08:29) How to Play AI as a VC

(11:02) Sectors/Technologies Tom Finds Appealing

(12:47) Biggest Data Trends in VC

(16:59) How Theory Ventures Differentiates Itself

(18:13) Replacing Founders

(22:54) The Journey of a Founder to IPO

(25:12) Planning for Future Business Needs

(26:56) When to Hire a VP of Finance or CFO

(28:15) Qualities of a Great CFO

(31:14) Sponsor - Netsuite and Shopify

(34:13) The Universe of LPs

(36:56) The Future of Multi-Stage Venture Firms

(39:02) The Future of Venture Capital Industry

(41:45) Tom's Economic Outlook

(43:56) Multiple Contraction in SaaS and FinTech

(46:45) Incredible Time for Young, Ambitious People

(48:23) The Future of Theory Ventures

(51:12) The Future of Accelerators

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