Podcasts about doing capitalism

This Flashback Friday is from episode 1025 published last July 11, 2018. Jason Hartman starts off the show from Croatia discussing the difference in investing when there are private companies involved versus when the government is involved. With private companies you know what you're going to get, they're going to follow supply & demand and try to maximize profits. With governments, however, they're much more of a wild card, which can make successfully investing more difficult. Then Jason talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution. Key Takeaways: Jason's editorial 3:17 You can predict what private companies will do pretty easily, the government is a wild card 7:03 An invitation to Profits in Paradise in Hawaii Bill Janeway Interview: 10:09 How the thesis of the 3 player game came about 14:06 There are markets that need government pushing the supply side of things for driving innovation, but sometimes the government even needs to be on the demand side, adding income to support the economy 17:59 If the government hadn't jumped in on the demand side in the 2009 recession history has shown us what would have happened 20:03 Wherever there's a market for assets there will be bubbles 25:47 Why the digital revolution made Bill extend his book 32:46 We've got a new challenge, a new technological revolution, which is the need for a new, green revolution Website: www.JasonHartman.com/Events www.BillJaneway.com   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com    

My podcast with the brilliant Marc Andreessen is out!We discuss:* how AI will revolutionize software* whether NFTs are useless, & whether he should be funding flying cars instead* a16z's biggest vulnerabilities* the future of fusion, education, Twitter, venture, managerialism, & big techDwarkesh Patel has a great interview with Marc Andreessen. This one is full of great riffs: the idea that VC exists to restore pockets of bourgeois capitalism in a mostly managerial capitalist system, what makes the difference between good startup founders and good mature company executives, how valuation works at the earliest stages, and more. Dwarkesh tends to ask the questions other interviewers don't.Byrne Hobart, The DiffWatch on YouTube. Listen on Apple Podcasts, Spotify, or any other podcast platform. Read the full transcript here. Follow me on Twitter for updates on future episodes.Similar episodesYou may also enjoy my interview of Tyler Cowen about the pessimism of sex and identifying talent, Byrne Hobart about FTX and how drugs have shaped financial markets, and Bethany McLean about the astonishing similarities between FTX and the Enron story (which she broke).Side note: Paying the billsTo help pay the bills for my podcast, I'm turning on paid subscriptions on Substack.No major content will be paywalled - please don't donate if you have to think twice before buying a cup of coffee.But if you have the means & have enjoyed my podcast, I would appreciate your support

In this latest installment, world-famous venture capital investor Bill Janeway joins me to discuss the unicorn bubble and the innovation economy, as well as recount stories from his VC experience. Be sure check out Bill's book, "Doing Capitalism in the Innovation Economy" at the link below!https://www.amazon.com/Doing-Capitalism-Innovation-Economy-Reconfiguring/dp/110847127700:00 - Intro02:26 - Bill's journey in venture capital + funny stories10:25 -  Challenges in VC investing20:05 - Ancillary value that VC investors provide to firms27:09 - Unicorn bubble of the 2010's: what makes it different from the previous decade? 35:24 - Will strong private funding continue in tech?37:52 - Breaking down investing in the innovation economy45:51 - The government's role in driving the innovation economy"William H. Janeway has lived a double life of 'theorist-practitioner,' according to the legendary economist Hyman Minsky, who first applied that term to him twenty-five years ago. In his role as 'practitioner,' Bill Janeway has been an active growth equity investor for more than 40 years. He is a senior advisor and managing director of Warburg Pincus, where he has been responsible for building the information technology investment practice, as well as a director of Magnet Systems and O'Reilly Media. As a 'theorist,' he is an affiliated member of the Faculty of Economics of Cambridge University, a member of the board of directors of the Social Science Research Council and the Fields Institute for Research in the Mathematical Sciences, and of the Advisory Board of the Princeton Bendheim Center for Finance. He is a co-founder and member of the Governing Board of the Institute for New Economic Thinking (INET), and a member of the Board of Managers of the Cambridge Endowment for Research in Finance (CERF). Following publication in November 2012, his book Doing Capitalism in the Innovation Economy: Markets Speculation and the State (Cambridge University Press) became a classic. The fully revised and updated second edition, Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State was published in May 2018." (billjaneway.com)

Our guest today is Dr Johannes Lenhard. Johannes received his PhD in Anthropology at Cambridge University and in 2017 started a post-doctoral research project, at the Max Planck Centre Cambridge for the Study of Ethics, the Economy and Social Change, on the ethics of venture capital investors.Johannes spoke at the 2021 Response-ability Summit. He shares what drew him to studying venture capitalists and how he does ethnography in this very closed, elite world across various field sites including Silicon Valley and London. Johannes explains that "not a single book" has been written about venture capitalists by someone who isn't one. As he says, "only an engaged anthropology" can enable someone to be both insider and outsider in this rarefied world.Johannes explains the impact of the lack of diversity in venture capital since not only are VC's hiring people who look like them (white, male) but they "also reproduce themselves into who runs these tech companies". The issue of venture funding is explored by Johannes and Erika Brodnock in their book, Better Venture, which will be published later in 2021.Johannes also briefly discusses Environmental Social and Corporate Governance (ESG) metrics which are starting to affect VC's and the “aggregate confusion” identified by an MIT paper.Johannes believes more scrutiny into venture capital investors is needed, saying "they are the ones deciding the big tech companies in the next 10-15 years....scrutinizing them now has an impact on everything in the future. They are the kingmakers, and we've been solely focussing on the kings, the Mark Zuckerbergs and the Jeff Bezos of this world".Scrutiny, he explains, will benefit both society and the VC's themselves.Drawing on his Medium post, "The Ultimate Primer on Venture Capital and Silicon Valley", Johannes shares his top reading picks for anyone eager to learn more: Doing Capitalism in the Innovation Economy by William Janeway; The Code by Margaret O'Mara; VC: An American History by Tom Nicholas; and a paper, "How Do Venture Capitalists Make Decisions?". And lastly, Johannes explains why more academics "of any kind" are needed to study the world of venture capital investors.You can follow Johannes on Twitter at @JFLenhard and connect with him on LinkedIn. Academics and articles also mentioned in our conversation:Saskia SassenJames LaidlawJohannes Lenhard, Can Tech Ever Be Good? Public Books, September 2020.

I sat down for a conversation with Bill Janeway, an economist, faculty member at Cambridge University, and author of the landmark book Doing Capitalism in the Innovation Economy.It's a book that really has had a profound influence on me—basically containing everything you need to know about how venture capital came to be and why it's so relevant today in the context of the transition to the digital economy.Bill's long career in venture capital, primarily with Warburg Pincus, and his academic work let him comment on today's economy from both a business and an institutional perspective. And I consider myself, and the world at large, really, to be quite lucky that he is also such an affable person and generous with his time and thinking.Our conversation spanned how he's experienced the very strange year that was 2020, his thesis regarding the retreat from hyperglobalization, the consequences of Joe Biden's election on America, the world at large, & the tech industry specifically, how he sees Europe's future, and much more.This podcast and the related article were originally published at The Digital Economy w/ Bill Janeway. Reinvention. Bezos. Musk. Communications. as part of my newsletter European Straits (which is about the Entrepreneurial Age, viewed from Europe).Follow Building Bridges on Twitter! You can listen to all our podcasts on Apple Podcasts and Spotify.Also Building Bridges is part of a network of Substack newsletters, which you may want to discover: there's Laetitia Vitaud's Laetitia@Work (about the future of work, with a feminist perspective), and my own European Straits (about the Entrepreneurial Age, viewed from Europe).(Credit: Franz Liszt, Angelus ! Prière Aux Anges Gardiens—extrait du disque Miroirs de Jonas Vitaud, NoMadMusic.) This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit buildingbridges.substack.com

The Agenda

The Agenda

Today I am chatting with Dr Bill Janeway, who is a true expert in the field of economics and an active growth equity investor. In this regard, he views himself as a “theorist practitioner”.    On the theoretical side, he is heavily involved with Economics at Cambridge University, a member of the board of directors of the Social Science Research Council and the Fields Institute for Research in the Mathematical Sciences, and of the Advisory Board of the Princeton Bendheim Center for Finance.    On the practical side, he has been an active growth equity investor for more than 40 years, and is currentlyasenior advisor and managing director of Warburg Pincus, where he has been responsible forbuilding the information technology investment practice, as well as a director of Magnet Systems and O'Reilly Media.    This is a fantastic interview for anyone interested in gaining an in depth understanding of economics, as well as its practical applications to business, from a leading subject matter expert in the field.    In this interview you will learn about: How to finance innovation The economic lessons of the Coronavirus pandemic What we can learn from China Why capitalism is often perceived as “bad” And so much more…   Top quotes: "Build back greener." "Corporate happiness is positive cashflow." Check out this interview on Youtube: https://youtu.be/hZL-dTuJeSw   Check out his book on Amazon!  It's called "Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State.”: https://amzn.to/3eYTDb9   It can also be found on his website: www.billjaneway.com   Connect with me on Instagram: https://www.instagram.com/yasminarte/   Share your key takeaway on instagram and I will repost you!   Get yourself some ultra hip streetwear that actually stands for something real!    Get a 10% discount at lowkeyemotional.com when you use the discount code YAS10 at the checkout!   Audio edited by the wonderful Jake Babineau. You could say he's an audio genie. He's also a great musician with a crazy podcastable voice — he composed my intro! Check him out on instagram: https://www.instagram.com/jake_babineau/ Music taken from the ending of his song ‘On The Cold Tile Floor': https://bit.ly/2KQGZhN    I conducted this interview on behalf of CUE (Cambridge University Entrepreneurs) You can check them out here: https://www.cue.org.uk/ 

The COVID crisis has exposed new vulnerabilities in U.S. supply chains, as well generated even more distrust of the Chinese government. At the same time, China is doubling down its “Made in China, 2025” ambitions to be the global technology leader. How will these developments affect U.S. technology competitiveness? What should the next administration do vis-à-vis U.S.-China trade relations? Rob and Jackie discuss these issues with James McGregor, Chairman of APCO Worldwide’s greater China region and a leading expert on China and Chinese economic policy.Mentioned in this episode:Books by James McGregor: jamesmcgregor-inc.com/books.Robert D. Atkinson, “The Case for a National Industrial Strategy to Counter China’s Technological Rise” (ITIF, April 2020).Orville Schell, Wealth and Power: China’s Long March to the Twenty-first Century (Random House, 2013). William H. Janeway, Doing Capitalism in the Innovation Economy: Markets, Speculation and the State (Cambridge University Press, 2012).

This week on CUTalks we are talking to Bill Janeway, an active growth equity investor, senior advisor and managing director of Warburg Pincus, as well as economic theorist. He co-founded and is a member of the Governing Board of the Institute for New Economic Thinking (INET), and a member of the Board of Managers of the Cambridge Endowment for Research in Finance (CERF). Following publication in November 2012, his book Doing Capitalism in the Innovation Economy: Markets Speculation and the State (Cambridge University Press) became a classic. This episode is an exciting collaboration with the Venture Capital/Private Equity society at Cambridge, and we welcome the president of the society Shelby Newsad as a guest co-host.

Bill Janeway (@billjaneway) joins Erik on this episode. Bill is a venture capitalist and economist and is the author of the classic book Doing Capitalism in the Innovation Economy.They talk about:- Bill’s keen interest in the interface of markets and government and how that thread has weaved its way through Bill’s career.- Why financialization has gone too far.- The fact that Bill “lived through the last AI hype cycle” and what that means for this one.- The difference between productive and non-productive bubbles.- Why free marketeers should “be careful what you wish for.”- The possibilities for global cooperation on climate change.- Why it’s important that disruptors take time to understand how the world they’re disrupting came to be.Remember to apply for the winter vintage of our Network Catalyst accelerator! It is a personalized program that features masterclasses from some of the best in Silicon Valley and a dedicated network leader focused on making the introductions you need to turbocharge your company. You can participate in-person in San Francisco or virtually from anywhere around the world. Find out more and apply at villageglobal.vc/networkcatalyst.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.

Bill Janeway (@billjaneway) joins Erik on this episode. Bill is a venture capitalist and economist and is the author of the classic book Doing Capitalism in the Innovation Economy.They talk about:- Bill’s keen interest in the interface of markets and government and how that thread has weaved its way through Bill’s career.- Why financialization has gone too far.- The fact that Bill “lived through the last AI hype cycle” and what that means for this one.- The difference between productive and non-productive bubbles.- Why free marketeers should “be careful what you wish for.”- The possibilities for global cooperation on climate change.- Why it’s important that disruptors take time to understand how the world they’re disrupting came to be.Remember to apply for the winter vintage of our Network Catalyst accelerator! It is a personalized program that features masterclasses from some of the best in Silicon Valley and a dedicated network leader focused on making the introductions you need to turbocharge your company. You can participate in-person in San Francisco or virtually from anywhere around the world. Find out more and apply at villageglobal.vc/networkcatalyst.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.

This week we talk about another side of capitalism: the innovation economy. Can capitalism deal with climate change? How much depends on the role of the state? And who will pay? We compare the Green New Deal to FDR's original version: does history show us how to get this done? With Bill Janeway, author of Doing Capitalism in the Innovation Economy, Diane Coyle and Helen Thompson. Plus: David and Helen catch up with the latest comings and goings in British politics: are the two main parties starting to break apart? More - much more - next week.Talking Points:The basic idea behind the Green New Deal is that an innovation economy faced with an existential crisis will need massive state investment. Is it being pitched right? Putting climate change on the agenda is an important first step.How do you make this a legitimate political mission? The language of war has been debased; you can’t use that. We don’t have the technologies needed to allow 50% or more of the grid anywhere in the world to be supplied by intermittent energy sources such as solar and wind. The mission needs to allow the state the latitude to experiment and build this technological base.The state has longer time horizons and has to be a part of fundamental investments in technology.The time horizons for venture capitalism aren’t appropriate for tackling climate change. The idea of industrial strategy/industrial policy is coming back. State coordination is also necessary to set technical standards and figure out how infrastructure will be funded.Eventually, the productivity benefits of technical changes comes through, but it can take decades. Are we on the cusp of that with digital technology?It’s not just about using a new technology to do what you’re already doing, but using the new technology to change what you’re doing.This requires infrastructure investments and corporate reorganization.It can take a long time to see the full benefits because it’s not just about technical change, it’s also about social change.These are all international issues, but the frameworks are still domestic. To what extent will politics constrain progress?Technological innovation has been heavily politicized: there is no way to do this kind of innovation on a global scale that would escape geopolitics.What about the independent group?When it was just the Labour MPs, it was more a critique of Corbyn’s leadership. With the defection of 3 conservative MPs, it looks more like an anti-Brexit formation.It may be more difficult for Labour MPs to defect now. But these groupings don’t change the parliamentary arithmetic.Mentioned in this Episode:Bill Janeway’s book, Doing Capitalism in the Innovation EconomyDiane Coyle’s blog, The Enlightened EconomistSimon Wren-Lewis on funding the new deal for The New StatesmanThe Solow productivity paradoxAnd as ever, recommended reading curated by our friends at the LRB can be found here: lrb.co.uk/talking See acast.com/privacy for privacy and opt-out information.

Dr. Bill Janeway presents his book "Doing Capitalism in the Innovation Economy: Markets, Speculation, and the State." He touches on topics such as venture capital investment, tech bubbles, government regulation, cryptocurrency & blockchain, and the future of AI… Dr. Janeway is praised by many as a “theorist-practitioner.” He has been an active venture capital investor for more than 40 years. He built and led the technology investment team at private equity firm Warburg Pincus, and his team provided financial backing to a series of critical contributions to the internet economy. On the theory and academia side, Dr. Janeway taught at various capacities across famous academic and research institutions like Princeton and Cambridge University. Dr. Janeway graduated from Princeton in 1965 as the Valedictorian of his class; he then received a Ph.D in Economics from Cambridge University where he was a Marshall Scholar.

Jason Hartman talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution. Key Takeaways: [1:27] How the thesis of the 3 player game came about [5:24] There are markets that need government pushing the supply side of things for driving innovation, but sometimes the government even needs to be on the demand side, adding income to support the economy [9:17] If the government hadn't jumped in on the demand side in the 2009 recession history has shown us what would have happened [11:21] Wherever there's a market for assets there will be bubbles [17:05] Why the digital revolution made Bill extend his book [24:05] We've got a new challenge, a new technological revolution, which is the need for a new, green revolution Website: www.BillJaneway.com

Jason Hartman talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution. Key Takeaways: [1:27] How the thesis of the 3 player game came about [5:24] There are markets that need government pushing the supply side of things for driving innovation, but sometimes the government even needs to be on the demand side, adding income to support the economy [9:17] If the government hadn't jumped in on the demand side in the 2009 recession history has shown us what would have happened [11:21] Wherever there's a market for assets there will be bubbles [17:05] Why the digital revolution made Bill extend his book [24:05] We've got a new challenge, a new technological revolution, which is the need for a new, green revolution Website: www.BillJaneway.com

Bill Janeway is the Vice Chairman, Managing Director, and Senior Advisor at leading venture capital behemoth Warburg Pincus. He is also the Co-founder of the Governing Board of the Institute for New Economic Thinking (INET) and part of the faculty of  Economics at Cambridge University. He is the author of the new and updated bestselling book Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State.   Podcast Highlights Who is Bill Janeway? Bill has spent his entire life trying to answer that question. He was always pretty smart in school and ended up going to Princeton and later on to Cambridge. He eventually stumbled into the world of finance and helping entrepreneurs build their businesses.   Unicorns and Positive Cash Flow When you are building something new, you have to build hedges against things that you can’t know in advance. Part of that is cash. Positive cash flow is the source of the ability to grow without having to worry about being caught by surprise. The internet has enabled companies to grow in ways that allow them to burn cash before reaching profitability. As interest rates start rising, the digital Unicorns will need to get to positive cash flow sooner rather than later. Even Uber is coming under pressure to exercise discipline and get to where it’s customers are paying the bills and not the investors. How does understanding innovation help entrepreneurs build their business? Technology is increasingly accessible and cheap. You can grow your business incrementally without a lot of upfront costs. A lot of new tech businesses are being bought when they are still small, this is often the best way to succeed and is a huge shift in the way technology gets out into the world. Design your business to be purchased by someone else. You should be asking if it’s the right time to sell at every stage of growth in the new business. As an entrepreneur, you have one interest which is the growth and the value of what you are doing. Selling part of the business too early to a major customer can potentially short circuit the path to positive cash flow. When it comes to technology, being different is more important than being better. When it comes to people, the founder doesn’t build a business alone, they need the right team to succeed. Reference: Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State, William Janeway William’s Takeaway Understand the market you are addressing, but make sure you have the cash you need to fall back when things don’t go the way you hoped. A great idea without the cash to put it to work, is just a great idea. You need partners and access to the fuel in order to succeed.   Links: billjaneway.com Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

Bill Janeway stops by to discuss his latest book, "Doing Capitalism in the Innovation Economy." In this fully revised and updated edition, Janeway interweaves his professional experience with political and financial history, giving a lively explanation of how successive technological revolutions have transformed the market economy, and revealing why America may yield leadership of the innovation economy to China. William H. Janeway has lived a double life of “theorist-practitioner,” according to the legendary economist Hyman Minsky, who first applied that term to him twenty-five years ago. In his role as “practitioner,” Bill Janeway has been an active growth equity investor for more than 40 years. He is a senior advisor and managing director of Warburg Pincus, where he has been responsible for building the information technology investment practice, as well as a director of Magnet Systems and O'Reilly Media. As a “theorist," he is an affiliated member of the Faculty of Economics of Cambridge University, a member of the board of directors of the Social Science Research Council and the Fields Institute for Research in the Mathematical Sciences, and of the Advisory Board of the Princeton Bendheim Center for Finance. The Rhodes Center is housed at the Watson Institute for International and Public Affairs at Brown University. You can read or download the transcript of this episode here: [https://drive.google.com/file/d/10ZM9c8yRB12GiwloTW2CwsmfwGAATCTd/view?usp=sharing] Watch Bill's talk at the Watson Institute here: https://youtu.be/fJoY6YJNhLE

Bloomberg Opinion columnist Barry Ritholtz interviews the venture capitalist and economist William Janeway. Janeway discusses how much of America’s innovative technologies began with a helping hand from the U.S. government. Transistors, ARPAnet (the predecessor to the internet), semiconductors, cellular technology, microwaves, even stealth technology, got their start as government research projects. An updated edition of his book, "Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State," was released in May. 

Segment 1: Ann Marie Sabath is the author of “What Self-Made Millionaires Do That Most People Don't: 52 Ways to Create Your Own Success”. She is founder of At Ease Inc., a 31-year-old New York-based business consulting firm.Segment 2: William H. Janeway is a Senior Advisor and Managing Director of Warburg Pincus. He is the author of “Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State”.Segment 3: Rachel Strella is the founder of Strella Social Media, www.strellasocialmedia.com, a social media management company serving dozens of clients nationally. She specializes in social media strategy and social media management. Segment 4: Barbara Kahn is the Baker Professor of Marketing at The Wharton School at the University of Pennsylvania. She is working on a new book on “The Shopping Revolution: How Successful Retailers Win Customers in an Era of Endless Disruption”.Segment 5: Drew Barton is the founder and president of Southern Web, an award-winning digital agency specializing in web development and digital marketing solutions. He is also the author of “The Buyer's Guide to Websites".Sponsored by Nextiva and Finagraph.

Jason Hartman starts off the show from Croatia discussing the difference in investing when there are private companies involved versus when the government is involved. With private companies you know what you're going to get, they're going to follow supply & demand and try to maximize profits. With governments, however, they're much more of a wild card, which can make successfully investing more difficult. Then Jason talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution. Key Takeaways: [2:53] You can predict what private companies will do pretty easily, the government is a wild card [6:39] An invitation to Profits in Paradise in Hawaii Bill Janeway Interview: [9:32] How the thesis of the 3 player game came about [13:29] There are markets that need government pushing the supply side of things for driving innovation, but sometimes the government even needs to be on the demand side, adding income to support the economy [17:22] If the government hadn't jumped in on the demand side in the 2009 recession history has shown us what would have happened [19:26] Wherever there's a market for assets there will be bubbles [25:10] Why the digital revolution made Bill extend his book [32:09] We've got a new challenge, a new technological revolution, which is the need for a new, green revolution Website: www.JasonHartman.com/Events www.BillJaneway.com

Jan. 4 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews William H. Janeway, Managing Director of Warburg Pincus and author of “Doing Capitalism in the Innovation Economy: Markets Speculation and the State”, published by Cambridge University Press in October 2012. They discuss the history of financial bubbles. This interview aired on Bloomberg Radio.

We have a few Office Hours / AMAs coming up -> https://theconsumervc.com/events/ Kanyi Maqubela ( http://kanyi.me/ ) is a Managing Partner at Kindred Ventures ( https://kindredventures.com/ ). Kindred Ventures is a seed-stage venture capital fund, whose mission is to back visionary and dedicated founders who want to solve the most important problems and vastly improve people's lives around the world. Some of their investments include Uber, Poshmark, Otis and Blue Bottle Coffee. Prior to Kindred, Kanyi was a Partner at Collaborative Fund and co-founded Heartbeat Health. He previously ran growth at One Block Off the Grid and was an early employee at Doostang. Kanyi has also served as a Lecturer and Adjunct at New York University Tisch School of the Arts, a curriculum adapted from his time as a student at Stanford University. This was an amazing conversation about Kanyi's journey both as a founder and investor, his mission and what he looks for from founders. Without further ado, here's A couple of books the inspired Kanyi are The Structure of Scientific Revolutions ( https://www.amazon.com/gp/product/0226458083?camp=1789&creativeASIN=0226458083&ie=UTF8&linkCode=xm2&tag=theconsumervc-20 ) by Thomas Kuhn and Doing Capitalism in the Innovation Economy ( https://www.amazon.com/gp/product/1108471277?camp=1789&creativeASIN=1108471277&ie=UTF8&linkCode=xm2&tag=theconsumervc-20 ) by William Janeway. A book that inspired him personally is I highly recommend following Kanyi on Twitter @km ( https://twitter.com/km ). You can also visit his website Kanyi.me ( http://kanyi.me/ ) to read his articles and listen to some of his other interviews. You can also follow your host, Mike, on Twitter @mikegelb ( https://twitter.com/MikeGelb ). You can also follow for episode announcements @consumervc ( https://twitter.com/ConsumerVc ). Some of the questions I ask Kanyi - * What compelled you to drop out of Stanford, founding Doostang and what initially attracted you to technology and entrepreneurship? What were some of the mistakes you made as an entrepreneur? What compelled you to switch to the other side and become an investor? How has venture capital changed? How has venture capital and domain expertise changed? How do you filter inbound opportunities and your due diligence process? * What are qualities that a founder needs to have or milestones a company needs to reach in order for you to be interested? What do you most pay attention to when analyzing an opportunity and what do you pay least attention to? For entrepreneurs building a company in a market that may not exist yet, how should they think about market sizing? * CoronaVirus is very top of mind. Has this impacted how you invest? Are you more focused on current portfolio companies rather than new investments? * How are you adjusting to new work protocols? * *Is it harder to establish conviction in founders since you are meeting them remotely rather than in person?* * Has COVID changed how you think about investing in fully distributed teams or teams that are located in secondary markets? * How should founders think of pivoting at the early stages? Can founders pivot too quickly? * What's some advice for founders that live in secondary and tertiary markets? Or maybe simply don't have a network of VCs? * What are some consumer trends that you are focused on? * Has CoronaVirus changed how you invest at Kindred? * Are you starting to see discrepancies in valuations? * Are VCs starting to pull back in order to focus on their current portfolio companies? * What's one thing that you would change when it came to venture capital? * What's one company on your anti-portfolio? * What's your most recent investment and what makes you excited about it?