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In this episode, Duane Mancini sits down with Sarah to unpack her path from healthcare operator to investor and what founders should know when raising capital today. Sarah shares how her experience as the 10th employee at a digital health startup shaped her empathy for founders and the practical lens she brings to diligence, from ICP and pricing to building durable foundations early. The conversation pulls back the curtain on venture mechanics—how syndication and relationships really work, why fundraising is difficult when LPs demand DPI, and how fund structure, lifecycle, and co-investments can shape outcomes for startups. Sarah also explains Angelini Ventures' global strategy and thesis-driven focus in areas like cardiology and neurology, and why “exitability” requires forward-looking insight into strategic buyers, technology shifts, and long-term fit.Sarah Fox LinkedInAngelini Ventures WebsiteDuane Mancini LinkedInProject Medtech WebsiteProject Medtech LinkedInThank you to our sponsors: Ward Law and JumpStart Inc.
Durante décadas, instituciones como Yale y Harvard transformaron la forma de invertir adoptando el llamado modelo endowment, reduciendo su exposición a mercados públicos y asignando más del 60% a activos alternativos En este episodio explico qué son realmente los activos alternativos, private equity, venture capital, private credit, infraestructura y real estate institucional, y por qué capturan primas de iliquidez y complejidad que no están disponibles en la bolsa tradicional. Analizamos la dispersión extrema entre el top quartile y el promedio en private equity, por qué el IRR neto, MOIC, DPI y la estructura de fees importan más de lo que la mayoría entiende, y cómo la selección del gestor es la verdadera habilidad del inversionista sofisticado. También comparto el framework A.L.T.E.R.N.A.T.I.V.O. para evaluar fondos con criterio estructural: asignación estratégica, liquidez, track record real, riesgo estructural, alineación de incentivos y timing de ciclo No se trata de perseguir retornos, se trata de entender la estructura. Mira el episodio completo y aprende a pensar como un inversionista de verdad y si quieres llevar esta conversación a ejecución real, únete a Wealth Club, una comunidad diseñada para inversionistas que buscan elevar su criterio, analizar oportunidades con profundidad y construir una estrategia patrimonial sólida en mercados públicos y privados.
Gary Tan is the President and CEO of Y Combinator.YC is the startup accelerator behind companies like Airbnb, Stripe, Coinbase, Reddit, Twitch, and thousands more. According to Garry, they've invested in 20% of all startups worth $5B or more started since 2012.Gary has lived every side of the YC ecosystem. He went through YC as a founder, later became a partner, started Initialized Capital where he backed companies like Coinbase and Instacart, and then returned to lead YC.We walk through the different “eras” of YC, from the early Paul Graham and Jessica Livingston days in Cambridge, to scaling in San Francisco, to today's push back toward in person community and what Gary calls “founder mode” for the organization itself.We also talk about why the Bay Area still matters so much for startups, what's happening with California taxes and policy, and why Gary has gotten more involved in local politics to keep it the best place for founders to build companies.Then we go deep on the parts of startups people don't talk about enough. Co-founder conflict, rage quitting, therapy and coaching, and why companies inevitably take on the personality and emotional patterns of their founders.We also cover what YC looks for in applications, how the 13 week batch is structured, how Demo Day really works, how to choose the right investors, and what Gary thinks the next phase of YC looks like, including helping founders even after Series A.At the end, Gary shares his personal AI workflow, including meta prompting, comparing outputs across models, and the tools he uses every day to think and build faster.Try Numeral, the end-to-end platform for sales tax and compliance: https://www.numeral.comSign-up for Flex Elite with code TURNER, get $1,000: https://form.typeform.com/to/Rx9rTjFzTimestamps:(0:05) Moving from Winnipeg to California as a kid(1:35) How YC interviews work(2:55) The first batch in 2005(6:46) Why YC moved from Boston to SF(8:17) California's Billionaire Tax(11:00) Tech should care about public policies(17:01) Going direct to your audience(20:28) The 2nd Era of YC(24:01) Rage quitting Palantir, learning to understand himself(32:41) Co-founder conflict kills most startups(35:15) Joining YC as a group partner(37:22) Initialized Fund 1 (55x DPI)(39:44) Why Garry went back to lead YC(42:44) YC funds 20% of all $5B+ companies(44:30) Lessons from Brian Chesky(48:01) Garry's thoughts on YC rejection(51:41) How to get into YC(58:03) What it's like inside a 13-week YC batch(1:02:23) 20% of YC is hard tech(1:05:55) YC's 3rd era: founder mode, re-batching(1:07:56) Escaping the matrix(1:11:26) Garry's personal AI stack(1:20:25) Tech optimismReferencedY Combinator: https://www.ycombinator.com/Initialized Capital: https://initialized.com/Torch: https://torch.io/Perplexity: https://www.perplexity.ai/Anthropic: https://www.anthropic.com/OpenAI: https://openai.com/Airbnb: https://www.airbnb.com/Kyle Vogt on his new startup: https://www.youtube.com/watch?v=XQoFbvyWEy8Follow Aaron Levie on X: https://x.com/levieFollow GaryTwitter: https://x.com/garytanLinkedIn: https://www.linkedin.com/in/garytan/Follow TurnerTwitter: https://twitter.com/TurnerNovakLinkedIn: https://www.linkedin.com/in/turnernovakSubscribe to my newsletter to get every episode + the transcript in your inbox every week: https://www.thespl.it/
We look at three new offerings from the Canyon team. Canyon keyboards and a mouse to check out Firstly here is the info for the keyboard and mouse https://digital.canyon.eu/?c=8832&k=e30622f271 and then here also https://digital.canyon.eu/?c=9365&k=b6613664fe . In general Canyon's products are usually good value, robust, and worth considering in a high usage location, and, or with active users. Canyon have announced the release of two sleek and high-functioning wireless accessories— the Wireless Keyboard HKB-W01 and the Wireless Mouse 2.4 GHz & Bluetooth—offered in vibrant blue and, for those wanting a softer look, now also available in chic pink. These are both playful and colourful which could work well with younger users and gamers. More details about the Canyon keyboards and mouse The Canyon Wireless Keyboard HKB-W01 delivers a whisper-quiet typing experience tailored to home and office alike. Its full-size layout provides comfortable and accurate key positioning, while wireless 2.4GHz connectivity offers stable performance from up to 10 metres away. Weighing just around 40g and compatible with both Windows and macOS systems, this keyboard brings modern design and productivity to any workspace. Paired perfectly is the Canyon Wireless Mouse 2.4 GHz & Bluetooth. This ultra-portable device features a high-precision optical sensor with up to 2400 DPI, multiple adjustable sensitivity levels, dual-mode wireless connectivity (2.4GHz and Bluetooth), and silent click buttons tested for up to 3 million clicks. With a light 65g build and ergonomic design, it's well-suited for both professional and personal use. Both accessories offer a bold blue finish ideal for contemporary workspaces—and now introduce a pink variant for users who prefer a more playful or personalised aesthetic. The matching colours make them a standout set for anyone looking to elevate their desk setup while keeping functionality at the forefront. Available from Harvey Norman – https://www.harveynorman.ie/computing/computer-accessories/keyboards-en/canyon-silent-wireless-keyboard-pink.html https://www.harveynorman.ie/computing/computer-accessories/keyboards-mice/canyon-mw-12-wireless-mouse-pink.html RGB Keyboard https://digital.canyon.eu/pages/search.php?search=%21collection9289&k=58bc31eb4a https://www.harveynorman.ie/computing/computer-accessories/keyboards-en/canyon-rgb-wireless-keyboard-black.html Work, game, or create with seamless precision – the HKB-W11 Wireless Keyboard is designed for those who want more from their setup. With dual connectivity, switch effortlessly between 2.4GHz wireless and two BT channels. It's perfect for multi-device users who work across laptops, tablets, and smartphones. Enjoy every keystroke with the scissor-switch mechanism that delivers a responsive, quiet, and comfortable typing experience built to last with 113 keys and a 10-million keystroke lifespan. The tactile feel enhances productivity without the noise as you're crunching numbers, writing reports, or chatting with friends. A touch of personality is there with 7-color RGB backlighting and key illumination, so you can type in low-light settings with ease. The slim, modern design adds sophistication to any workspace, while the splash-proof construction provides durability, protecting your keyboard from accidental spills. Forget about constantly swapping batteries, too – this keyboard is fully rechargeable with a built-in 1600mAh Li-Polymer battery. You'll get hours of uninterrupted use on a single charge. Plus, with 12 multimedia function keys, there's instant access to volume, playback, and other essential controls at your fingertips. Compatible with Windows, Mac, iOS, and Android, the HKB-W11 is the ultimate wireless wonder for those who want power, flexibility, and a flawless typing experience every time. Fluid Typing Experience – Scissor Switch Experience precision and comfort with the scissor-switch mechanism, which delivers smooth, responsive keystrokes with minimal...
Welcome back to the EUVC Podcast, where we bring you the people and perspectives shaping European venture.In this pitch episode, Andreas Munk Holm sits down with Pedro Ribeiro Santos, Partner at Armilar, to walk LPs through the story, strategy, and succession plan behind Armilar Fund IV — the firm's new pan-European early-stage fund.Armilar is one of Europe's longest-standing independent tech VCs and Portugal's original venture firm. Born inside a bank 25 years ago, spun out almost a decade ago, and now a multi-generational partnership, the firm has backed some of Portugal's most important tech companies and quietly built a track record of dragons (fund-returners), not just unicorns.Fund IV doubles down on what the team knows best: early-stage, tech-intensive companies across data, digitalization, and connectivity, with a strong focus on Portugal & Spain and selective investments across the rest of Europe.ShareHere's what's covered:01:17 | What is “Armilar”?02:30 | Origins & Spinout 03:40 | Why being based in Portugal with almost no local ecosystem 04:50 | From US to Europe, Then Back Home 07:22 | Fund IV in a Nutshell 09:44 | Geography & LP Backbone11:41 | Track Record, DPI & Dragons 13:51 | Selected Portfolio & Staying Power 16:19 | Team & Generational Design 21:38 | Iberia's State of Play (Portugal & Spain) 27:45 | Golden Visa & LP Angle 29:29 | Closing & What LPs Should Care About
Japan is often seen as a “mature” financial market.But the real story is in what's quietly shifting underneath.In this episode of Couchonomics with Arjun, Arjun is joined from Tokyo by Pieter Franken (Co-Founder & CEO at GFTN Japan) to unpack what's actually changing in Japan's fintech and digital assets landscape and what it means for founders, investors, and global players looking at the Japan opportunity.They go deep on stablecoins and why Japan may be ahead on regulation, the upcoming move to classify crypto and digital assets as financial instruments, and why payments remain fragmented despite Japan's innovation legacy. The conversation also explores what could unlock faster adoption (from interoperability to cost structures), how Japan's national digital ID rollout could become a foundational layer, and why Japan–MENA collaboration is still early but strategically important.
This month we revisit one of our very early episodes which was released on the 1st December 2023 which was a particularly dry period across most of NSW and other regions. My guest was Neil Moss, a veterinarian and consultant with Scibus. The focus of our discussion was on heifer management in dry times and while we currently have much of southern NSW, Victoria and SA who have been managing very dry conditions for a prolonged period, these conditions are expanding. I am recording this introduction in December 2025 and the forecast in NSW moving towards Feb 2026 when this podcast will be released, is showing expansion of dry conditions further into central NSW and some coastal pockets.Useful resources related to this podcast:· Farming Forecaster (including instructional videos)· NSW DPIRD Seasonal Conditions and drought forecast webpage· Dairy Australia's “Nutritional Strategies” webpage – comprehensive list of feed budgeting and management resources This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary IndustriesIt is brought to you in partnership the Hunter Local Land ServicesPlease share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.comFurther NSW DPI Dairy channels to follow and subscribe to include:NSW DPI Dairy Facebook pageNSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript hereProduced by Liam DriverThe information discussed in this podcast are for informative and educational purposes only and do not constitute advice.
Marketing documents for a VC fund Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In raising funds from Limited Partners, make sure to prepare the following marketing materials: Website. The website should reflect the values of the general partners and details about the fund. This is the first place investors go to learn more. Pitchdeck. Just as startups use a pitchdeck to communicate their deal, a VC fund needs a pitchdeck to present to Limited Partners. One pager. A one-pager describes the overview of the fund, including investment thesis, track record, and bios of the general partners. Due diligence questionnaire. It's a summary of the fund and how it compares to others, such as ESG funds. Data room. The basic documents and records of the fund should be in one place that LPs can access. Track record. A spreadsheet showing the track record of the fund with all the basic metrics, including TVPI, DPI, and IRR. Limited Partnership Agreement. This document lays out the details of the fund, including investment thesis, capital calls, management fees, and distributions. Private Placement Memorandum. This document highlights the financial characteristics of the fund and the risks associated with the investment. Make sure you have these documents ready for your fundraise. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _________________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact info@tencapital.group Please follow, share, and leave a review. Music courtesy of Bensound.
In BDO's first Private Equity PErspectives podcast episode of 2026, Host Todd Kinney is joined by Nicolas Vega Llona, Principal at Lincolnshire, and Monty Yort, Managing Partner at GenNx360, to discuss:Deal flow expectations and how declining rates and dry powder are influencing valuations in 2026Creative deal structures that balance immediate DPI generation with long-term value creation opportunitiesStrategic investment themes including digital infrastructure, value-based healthcare, and onshoring trendsIf you enjoy the episode, check out BDO's 2026 Private Equity Industry Predictions to see what else is on our radar for 2026.
India's AI moment will be defined by architecture.In our new series Intelligent Indians! we sit down with the builders, policymakers, scientists, and founders shaping India's AI decade as it unfolds. In the first episode, Avnish Bajaj and Vikram Vaidyanathan sit down with Abhishek Singh, CEO of the IndiaAI Mission, to unpack how India is designing AI as infrastructure, not experimentation.The conversation goes deep into what Abhishek describes as “DPI to the power of AI” for an ai learner in India extending India's proven Digital Public Infrastructure (Aadhaar, UPI, DigiLocker, Account Aggregator and more) into the AI era and India AI Mission. The discussion covers how population-scale systems, once thought impossible, are now becoming India's execution advantage.This conversation is a must watch for anyone curious about:1. How affordable compute, open datasets, and India-native foundation models remove first-order constraints2. The seven pillars shaping of the IndiaAI mission:from compute and data to deployment, trust, and governance3. Why AI in India must work across languages, income levels, devices, and real-world conditions4. How the India AI Summit is a milestone in India's longer-term systems buildChapters 00:00 Trailer1:57 Introduction2:36 What is India AI Mission4:30 Nandan Nilekani's advice5:03 What is DPI in AI 6:22 7 pillars of Indian AI10:30 Rs. 65?12:00 Developing applications that will benefit people 14:20 Knowledge and access to AI 15:25 AI helping Indian farmers16:48 India's consent architecture18:54 Where is AI helping?21:00 DeVc AI founders22:15 Is data labs a government initiative23:50 Tools to code faster25:24 Why is AI failing at production scale26:16 What is free AI commission27:41 Should data monetisation be banned28:31 Is govt doing AI startup financing31:20 Conclusion Also watch: India's secret advantage in AI - https://www.youtube.com/watch?v=qqvInPvPkhQ&t=1430sAI Committee Report - https://kpmg.com/in/en/insights/2025/08/rbi-free-ai-committee-report-on-framework-for-responsible-and-ethical-enablement-of-artificial-intelligence.htmlFollow Z47Website - https://www.z47.com/Instagram - https://www.instagram.com/z47.vc/LinkedIn - https://www.linkedin.com/company/z47-vc/#podcast #podcasts #future #ai #aiindia
(00:00-28:10) People texting in at 4:56 A.M. Spelunking with Doug. Drama with the Ottawa Senators. Thrilling game last night and the Miami Hurricanes are onto the CFP National Championship. Dumb penalties and dropped interceptions. Audio of Mario Cristobal in the postgame. Soy sauce stains. Mr. Lix denies his Ole Miss attendance. Audio of Pete Golding talking about the uncalled DPI at the end of the game. Mutual combat. Third straight year with no SEC representation in the championship. But also, who cares?(28:18-44:50) Was it 1987? Audio of Jim Montgomery on The Fast Lane yesterday and discussed what went down with Jordan Binnington and Joel Hofer in Chicago. Doug remains skeptical. Drop audit.(45:00-59:45) Is it even possible for Tim to have a better show than yesterday? Martin's EMOTD ballot. Jimbo Fisher audio that Jackson forgot to cut. Wait, that's not Jimbo. Doug's mad at Lane Kiffin. Love you guys. What happened to the committee the president put Saban on?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome back to the EUVC Podcast where we connect and champion the people building European venture.In this episode, Andreas Munk Holm sits down with two pillars of Italy's modern tech ecosystem:Giovanni Daprà, CEO & co-founder of Moneyfarm, one of Europe's leading digital wealth management platformsPaolo Gesess, co-founder & GP at United Ventures, one of Italy's premier early-stage VC firmsTogether, they unpack how Moneyfarm went from a Milan-founded startup to a pan-European fintech player; how Italy's ecosystem has evolved; how United Ventures backed Giovanni through multiple strategic inflection points; why the shift from Blitzscaling to Default Alive made Moneyfarm stronger; and how European fintech is entering an era of consolidation and acquisition-led expansion.This is an episode full of concrete frameworks, real founder–VC dynamics, and hard-earned lessons from building across Italy, the UK, and Europe.Here's what's covered:04:00 | Moneyfarm as a digital wealth manager built to make investing simple, guided + discretionary, now managing £6.5B across Italy & the UK04:54 | Why United Ventures backed them: early conviction in a massive savings problem, founder clarity from day one, and a mission that remained unchanged for 13 years06:31 | Building from Italy first: leveraging local regulatory fluency + talent cost advantages while keeping a pan-European vision from day zero08:59 | Italy today vs. 2012 — more capital, more repeat founders, more international operators returning, and a dramatically deeper talent pool13:21 | The “tipping point” moments — moments where the board must choose: buy back shares, bring in global investors, widen the model (e.g., B2B2C)17:45 | Where Moneyfarm is now — strong in Italy + UK, product expansion complete (brokerage + pensions), and preparing for the next geographic phase18:37 | Surviving the capital cycle: seeing interest rates spike in real-time, shifting from burn to profitability in 24 months, and reshaping the framework for Europe19:50 | The Europe playbook: “default alive” — why blitzscaling never fit most of Europe, and how disciplined scaling becomes a competitive advantage22:25 | Founders vs. VCs on growth vs. profit — debunking the myth: alignment, capital structure, and long-term value trump forcing hypergrowth23:09 | Managing founder stress & incentives — secondaries, refreshed equity plans, changing founder roles, and adapting governance over a 10-year journey25:41 | The cap table reality — Moneyfarm with VCs, PEs, and industrials: why no one could force a “burn it all” strategy even if they wanted to27:41 | Building European-style VC — United Ventures' thesis: European standards, European ambition, and preparing founders for international Series B/C investors30:09 | The next frontier: pan-European expansion, from product expansion → to commercial optimization → to cross-border consolidation34:13 | Growing into M&A as a founder — Moneyfarm's three acquisitions, building the muscle, and using M&A as a growth lever when organic slows36:11 | The M&A playbook — when to build vs. buy, why scale matters, and the founder's job in orchestrating product-led acquisitions37:40 | What founders often underestimate — M&A is expensive, cognitively draining, and requires dedicated people so you don't destroy core execution39:47 | The board's role — independent perspectives, long-term value thinking, and helping the CEO avoid deal fever or tunnel vision41:00 | The hard question: exits & fund cycles — how VCs manage tail-end holdings, DPI realities, continuation funds, and why selling is not betrayal43:48 | DPI explained simply — why some funds need liquidity earlier, and why United didn't (strong DPI → more patience → no forced exit)
Discover why disciplined due diligence beats FOMO, how to wield AI without losing human insight, why “cash is king” again, and what the rise of lean micro-unicorns means for VCs, family offices, and startups. In this episode of the Registered Investment Advisor Podcast, Seth Greene interviews Daniel Nikic, Global Investment Specialist and Founder of COHRES, who explains why disciplined due diligence beats FOMO, how AI should augment human insight, and why “cash is king” again. He shares how COHRES tailors research for VCs, family offices, and startups, forecasts durable trends in AI, energy, healthcare, and data, and explores the rise of lean micro-unicorns. Nikic also details the operational pivots behind scaling a boutique firm toward AI-enabled analysis while aligning execution with investor priorities. Key Takeaways: → How the most expensive errors are chasing hype, skipping time-horizon work, and forgetting that once capital leaves your account, there's no guarantee it returns. → Why ChatGPT-level answers aren't enough for funds. → How big brands will stay big and emerging funds with DPI will struggle to raise. → Why direct on-call collaboration provides guidance when speed matters. → How having a global perspective allows for tailored insights to what each investor treats as a green flag or a deal breaker. Daniel Nikic is a global investment research expert and entrepreneur with over a decade of experience advising investors, high-net-worth individuals, enterprises, and entrepreneurs. Raised in Canada and now based in Croatia, Daniel specializes in global markets, focusing on the U.S., European, and Middle Eastern financial landscapes. As the founder of COHRES, Daniel has analyzed over 15,000 companies across sectors like AI, software, and data. He delivers high-quality market research, financial management, due diligence, and AI data auditing to empower clients to make strategic, informed decisions. Known for his collaborative approach, Daniel builds long-term relationships rooted in trust and shared success. Daniel is also passionate about mentoring early-stage entrepreneurs, guiding them on market strategies, innovation, and business growth. His expertise in global markets and emerging trends makes him a trusted advisor in the financial sector. Connect With Daniel: Website: https://www.danielnikic.com/ https://cohres.com/ X: https://x.com/DNikic87 Facebook: https://www.facebook.com/people/Daniel-Nikic/ LinkedIn: https://www.linkedin.com/in/daniel-nikic/ Learn more about your ad choices. Visit megaphone.fm/adchoices
(0:00) Falcons upset Rams(20:00) Bijan Robinson's huge night(42:00) Sean McVay on loss to Falcons(48:00) Did officials miss a late DPI? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
In the inaugural VC10X LP Roundtable, we bring together experienced allocators Matt Curtolo & Anurag Chandra to unpack the state of venture capital as we close out 2025 and look ahead to 2026.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comTopics covered:- How the recent Fed rate cut does and does not change venture capital- Why DPI pressure has become the dominant LP concern- Venture vs private credit and when the comparison actually matters- Fundraising realities and why it now takes 18 to 30 months to raise a fund- The changing role of secondaries, continuation funds, and engineered liquidity- Why M&A, not IPOs, has historically driven most venture exits- AI as a structural opportunity or capital concentration risk- Generalist vs specialist funds and what real differentiation actually looks like- Why some LPs are staying committed to venture despite short term underperformance- The biggest mistakes allocators made in past cycles and what they won't repeatTimestamps:(00:00) - Preview(01:08) - Introduction to the LP Roundtable(03:15) - The impact of the macro interest rate environment on venture capital.(03:55) - The limited direct effect of interest rates on early-stage innovation.(06:00) - How interest rates negatively impact SaaS company valuations and exits.(09:35) - How "higher for longer" interest rates are changing LP expectations for returns.(11:13) - The LP perspective: Balancing DPI, MOIC, and IRR in venture investing.(14:09) - The role of the exit environment and secondaries in meeting DPI pressure.(16:38) - The risks of LPs over-focusing on short-term DPI.(18:44) - The emergence of the secondary market for later-stage companies.(20:30) - Future outlook for the M&A and IPO markets as exit paths.(21:02) - Why M&A is the historical bread and butter of venture exits, not IPOs.(23:37) - Underestimating the potential scale of venture-backed exits in the new tech era.(27:35) - How early-stage funds can engineer liquidity through secondary sales.(29:24) - Gross vs. Net Returns: The difference between a good investor and a good fund manager.(30:50) - Why is it so difficult to raise a VC fund today?(31:45) - The fundraising bifurcation: Brand names vs. emerging managers.(35:10) - Career risk and structural barriers for LPs investing in smaller funds.(38:01) - Why institutions often prefer to invest in Fund III and beyond.(40:38) - How can fund managers differentiate themselves? Generalist vs. specialist.(41:46) - Differentiating as a "hustle fund" with a functional specialty (e.g., go-to-market).(45:25) - It's not about being different, it's about being better: The importance of GP-thesis fit.(48:08) - VCs should "take their own medicine" when pitching to LPs.(49:17) - Outlook for 2026: Will the venture market get easier for funds and startups?(50:05) - An optimistic outlook for 2026 driven by technological acceleration.(55:18) - The growing importance of global and emerging markets in venture capital.(55:45) - A closer look at India's booming IPO market and its contrast with the US.(57:15) - Conclusion and final thoughts.---Links to connect:Matt Curtolo - https://www.linkedin.com/in/matt-curtolo-caiaAnurag Chandra - https://www.linkedin.com/in/anchandraPrashant Choubey - https://www.linkedin.com/in/choubeysahabSubscribe to VC10X newsletter - https://vc10x.beehiiv.comSubscribe on YouTube - https://youtube.com/@vc10x Subscribe on Apple Podcasts - https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986Subscribe on Spotify - https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQVC10X website - https://vc10x.comFor sponsorship queries, reach out to prashantchoubey3@gmail.comSubscribe for weekly conversations on venture, private markets, and investing.
This week on 365 Amplified, Rob Chappell, Omar Waheed, and Stephanie Díaz de León dig into Wisconsin's latest school district report cards and ask a hard question: who actually benefits from how schools are graded? The conversation explores racial achievement gaps, how DPI weights "economically disadvantaged" students, and why some districts can earn top scores while deep racial disparities remain. The crew also reacts to the newly announced women's soccer team, Rally Madison, unpacking the name, branding, symbolism, and fan response — plus what it says about women's sports, marketing, and who teams are really built for. Later, Rob sits down with Fitchburg City Council member Donald Dantzler, who's running for re-election and for Dane County Board. Dantzler reflects on his first term, major city projects, housing and transportation challenges, and why county government plays such a critical — and often overlooked — role in people's daily lives. The episode wraps with the weekly question: if you had a warning label, what would it say?
00:00 Nick Kosmider joins the show.11:35 Pat Surtain comments on his INT vs. GB and Riley Moss' DPI.31:30 College football news.
Daniel Schwalbe, DomainTools Head of Investigations and CISO, is sharing their work on "Inside the Great Firewall." This two-part research project analyzes an extraordinary 500–600GB leak that exposes the internal architecture, tooling, and human ecosystem behind China's Great Firewall. Across both parts, you break down thousands of leaked documents, source code repositories, diagrams, packet captures, and telemetry that reveal how systems like the Traffic Secure Gateway, MAAT, Redis-based analytics, and modular DPI engines work together to censor, surveil, and fingerprint users at scale. Taken together, the research shows how the Great Firewall functions not just as a technical system, but as a living censorship-industrial complex that adapts, learns, and coordinates across government, telecoms, and security vendors. The research can be found here: Inside the Great Firewall Part 1: The Dump Inside the Great Firewall Part 2: Technical Infrastructure Learn more about your ad choices. Visit megaphone.fm/adchoices
Daniel Schwalbe, DomainTools Head of Investigations and CISO, is sharing their work on "Inside the Great Firewall." This two-part research project analyzes an extraordinary 500–600GB leak that exposes the internal architecture, tooling, and human ecosystem behind China's Great Firewall. Across both parts, you break down thousands of leaked documents, source code repositories, diagrams, packet captures, and telemetry that reveal how systems like the Traffic Secure Gateway, MAAT, Redis-based analytics, and modular DPI engines work together to censor, surveil, and fingerprint users at scale. Taken together, the research shows how the Great Firewall functions not just as a technical system, but as a living censorship-industrial complex that adapts, learns, and coordinates across government, telecoms, and security vendors. The research can be found here: Inside the Great Firewall Part 1: The Dump Inside the Great Firewall Part 2: Technical Infrastructure Learn more about your ad choices. Visit megaphone.fm/adchoices
What if the secret to business growth, tech success, and mastering AI isn't just working harder—but staying relevant, innovative, and fearless in your approach? In this episode of Healthy Lifestyle, Host & America's #1 Take Action Success Coach & Strategist, Coach Lori Anne (De Iulio Casdia), sits down with Mark Weithorn, Founder and CEO of DPI Showcase Websites. For 21 years, Mark has helped Realtors and brokers across the USA and Canada elevate their online presence while teaching marketing and sales strategies at the Miami Association of Realtors for over 25 years. Now, with DPI's first AI tool generating leads for real estate, mortgage, and insurance professionals, Mark is showing how tech, marketing, and innovation intersect to create real business results.
What if the secret to business growth, tech success, and mastering AI isn't just working harder—but staying relevant, innovative, and fearless in your approach?In this episode of Healthy Lifestyle, Host & America's #1 Take Action Success Coach & Strategist, Coach Lori Anne (De Iulio Casdia), sits down with Mark Weithorn, Founder and CEO of DPI Showcase Websites. For 21 years, Mark has helped Realtors and brokers across the USA and Canada elevate their online presence while teaching marketing and sales strategies at the Miami Association of Realtors for over 25 years. Now, with DPI's first AI tool generating leads for real estate, mortgage, and insurance professionals, Mark is showing how tech, marketing, and innovation intersect to create real business results.
This Week In Startups is made possible by:Uber - http://uber.com/twistPilot - https://pilot.com/twistNorthwest Registered Agent - https://www.northwestregisteredagent.com/twistToday's show: Boom is still making supersonic jets but ALSO plans to start selling their turbines as power sources for AI data centers. It's a perfect example of problem-solving on the go and how “the best founders… MAKE IT HAPPEN.”Join us for another insightful VC roundtable episode, featuring special guests Bryan Kim (a16z) and David Clark (Ven Cap).They're discussing why Boom's turbine announcement is about necessity AND opportunity PLUS…- Why we might NOT be in an AI bubble after all- Promoting your startup without spending your entire runway on marketing- Why founders need to be RELENTLESS- Bill Gurley's classic response about Uber's Total Addressable Market- AND LOTS MOREBill Gurley's iconic “Miss By a Mile” post: https://abovethecrowd.com/2014/07/11/how-to-miss-by-a-mile-an-alternative-look-at-ubers-potential-market-size/Link to David's LinkedIn (including the AI Bubble chart): https://www.linkedin.com/feed/update/urn:li:activity:7404139606398443520/Timestamps:(02:11) It's a VC Roundtable with special guests Bryan Kim (a16z) and David Clark (Ven Cap)(03:07) Why Bryan is leading a Series A into learning app Oboe(06:20) Calculating a startup's value to make everyone “somewhat unhappy”(09:19) How Oboe hits a lot of the same metrics that LAUNCH looks for in startups(11:58) Uber AI Solutions - Your trusted partner to get AI to work in the real world. Book a demo with them TODAY at http://uber.com/ai-solutions(12:57) How funds decide when to cash out and lock in some DPI(18:12) When some LPs want to sell and others want to buy…(19:57) Pilot - Visit https://www.pilot.com/twist and get $1,200 off your first year. (24:07) Is the threat of AI job displacement boosting self-improvement apps?(27:37) Why Jason says we're all standing on the shoulders of Bill Gurley(29:46) Northwest Registered Agent - Form your entire business identity in just 10 clicks and 10 minutes. Get more privacy, more options, and more done—visit https://www.northwestregisteredagent.com/twist today!(31:28) Boom's turbine pivot, and why it's about necessity AND opportunity (in that order)(34:14) THE BEST FOUNDERS find a way to make it happen!(39:10) So… are we in an AI bubble? David says NOT NECESSARILY! Checking out the actual metrics.(44:36) We're still SO EARLY in AI… We're still seeing mostly skeuomorphic uses! (It's a real word!)(48:06) William Gibson was right: “The Street finds its own uses for things”(51:11) How AI startups should think about margins(55:58) Why LAUNCH tells founders to “start at the high end”(57:33) Should founders spend a lot of $$$ on marketing in 2025? The panel disagrees!(1:00:05) Momentum vs. Product Release Velocity(1:03:26) It all comes back to the “relentlessness of the founder”(1:05:17) Our panel's hopes and dreams for the coming year*Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.comCheck out the TWIST500: https://twist500.comSubscribe to This Week in Startups on Apple: https://rb.gy/v19fcp*Follow Lon:X: https://x.com/lons*Follow Alex:X: https://x.com/alexLinkedIn: https://www.linkedin.com/in/alexwilhelm/*Follow Jason:X: https://twitter.com/JasonLinkedIn: https://www.linkedin.com/in/jasoncalacanis/*Thank you to our partners:(11:58) Uber AI Solutions - Your trusted partner to get AI to work in the real world. Book a demo with them TODAY at http://uber.com/ai-solutions(19:57) Pilot - Visit https://www.pilot.com/twist and get $1,200 off your first year. (29:46) Northwest Registered Agent - Form your entire business identity in just 10 clicks and 10 minutes. Get more privacy, more options, and more done—visit https://www.northwestregisteredagent.com/twist today!
professorjrod@gmail.comPrinters and multifunction devices are more than just simple office tools—they're intricate systems combining optical, thermal, mechanical, and networked computing components. In this episode, we decode printer technology and its critical role in business operations, highlighting how these devices impact IT skills development and technology education. From unboxing to output, we explore the key decisions that keep your pages moving smoothly while safeguarding your data. Whether you're preparing for CompTIA exams or seeking practical IT certification tips, this episode offers valuable insights into managing printer technology within your IT infrastructure.Instructional Downloadable Resource Guidehttps://www.professorjrod.com/downloadsWe start with fit-for-purpose buying—matching speed, DPI, trays, duplexing, and duty cycle to real workloads—then move to placement and environment, where airflow, humidity, and power quality determine whether a fleet runs smoothly or jams at 4:58 p.m. Firmware strategy matters more than most shops admit: back up configs, schedule updates, and never interrupt a flash. On connectivity, we compare USB simplicity against Ethernet and Wi‑Fi flexibility, then layer in drivers and PDLs—PCL for speed, PostScript for precision, XPS for Windows pipelines—plus the color logic of CMYK. You'll hear clean exam clues for the A+ and practical tells for real-world triage, like when a single user's issue is just a preference and not a driver.Inside the box, we translate the seven-step laser process into actionable troubleshooting: charging, exposing, developing, transferring, fusing, and cleaning each leave fingerprints—smears, ghosting, or blank pages—that point straight to the failing part. We round out the print tech tour with inkjet (thermal vs piezo), thermal printers (direct vs transfer), and impact units for multipart forms. Then we head to the network, where DHCP reassignments, wrong ports, and spooler crashes derail entire floors. Print servers centralize power and risk, and mobile/cloud printing adds discovery quirks and new attack surfaces.Security is the blind spot: printers hold disks, address books, and cached jobs. We lay out the must-haves—PIN or badge release, secure erase, firmware signing, role-based access, and segmentation—so confidential pages don't land in the wrong tray and default passwords don't become open doors. We finish with ethics, because technicians handle sensitive data and trust is the real SLA. If you want sharper troubleshooting, stronger security, and higher A+ exam confidence, this one's a field guide you'll use tomorrow.Enjoyed the deep dive? Follow @ProfessorJRod, share this episode with your IT team, and leave a review so more techs can find it.Support the showArt By Sarah/DesmondMusic by Joakim KarudLittle chacha ProductionsJuan Rodriguez can be reached atTikTok @ProfessorJrodProfessorJRod@gmail.com@Prof_JRodInstagram ProfessorJRod
A fall from a tree, a 42-day coma, and seven years of recovery could have ended a future. For Abdus Sattar Dulal, it sparked one. We sit down with the world president of Disabled Peoples' International to trace a path from a village in Bangladesh to the halls shaping global disability policy, and we ask what it takes to turn rights on paper into access in real life.Dulal recounts building community from the ground up: opening a small shop, organizing youth, teaching adults to read, and then stepping into a factory job won after a chess tournament. There, he called out discrimination, faced threats, and chose a different fight—founding a cross-disability organization that he fueled after-hours for years. That drive grew into regional labor advocacy that placed disabled workers into industry roles, then into global leadership through DPI, an alliance spanning about 140 countries with consultative status at the UN and a decisive role in advancing the UN Convention on the Rights of Persons with Disabilities.We unpack how treaties become tangible change, from Bangladesh's rights and protection act to the stubborn gaps that persist: inaccessible schools, untrained teachers, hospitals without sign language interpreters or accessible beds, and websites that lock out shoppers. We also confront the data problem—how countries define disability differently, why hidden disabilities slip the net, and what that means for planning, funding, and accountability. Dulal doesn't mince words about the funding shortfall; for a population that touches half the world when families are counted, investment remains far too small. His answer is empowerment: disabled leadership setting priorities, controlling budgets, and measuring outcomes so inclusion stops being a promise and becomes a system.If you care about disability rights, digital accessibility, education, and the UNCRPD, this conversation offers history, strategy, and a blueprint: align laws with the convention, train frontline professionals, mandate access across physical and digital spaces, improve data, and fund disabled people's organizations to lead. Subscribe, share with a colleague, and leave a review with the one change you want to see funded first.Support the showFollow axschat on social media.Bluesky:Antonio https://bsky.app/profile/akwyz.com Debra https://bsky.app/profile/debraruh.bsky.social Neil https://bsky.app/profile/neilmilliken.bsky.social axschat https://bsky.app/profile/axschat.bsky.social LinkedInhttps://www.linkedin.com/in/antoniovieirasantos/ https://www.linkedin.com/company/axschat/ https://www.linkedin.com/in/neilmilliken/Vimeohttps://vimeo.com/akwyzhttps://twitter.com/axschathttps://twitter.com/AkwyZhttps://twitter.com/neilmillikenhttps://twitter.com/debraruh
In this episode we talk about venture capital (VC) firms. Many startups want to raise funding from VCs, but how do VC fund make decisions? How do they think about companies? What goes on behind the scenes after you pitch at VC? We are here to help! In this episode we answer questions including:What steps do VC firms follow to make an investment?What happens when VC partners disagree on an investment?What exactly are VC firms looking for?What are VCs measured by?All of these questions were submitted by listeners just like you. You can submit questions for us to answer on our website TheStartupHelpdesk.com or on X/Twitter @thestartuphd - we'd love to hear from you!Your hosts:Sean Byrnes: General Partner, Near Horizon www.nearhorizon.vcAsh Rust: Managing Partner, Sterling Road www.sterlingroad.comNic Meliones: CEO, Navi www.heynavi.comReminder: this is not legal advice or investment advice.Q1: What steps do VC firms follow to make an investment?The top of the funnel is massive. It includes founders reaching out cold via email, warm intros from fellow founders, and meetings at conferences. The "email filter" is usually the first point of contact.From there, the process typically looks like this:First MeetingMeet the TeamTeam DecisionDiligenceThe funnel narrows at every stage, filtering out 99% of companies. The "golden ticket" is a warm intro from a proven founder. That being said, if you lack a network, you must not shy away from cold outreach – but your pitch must be exceptional to survive the filter.Q2: What happens when VC partners disagree on an investment?Understanding the decision process is key. Do they need consensus, or can a single partner push a deal through? During your first meetings, do your own diligence to ask how the firm makes decisions.You need at least one partner who is obsessed with what you are doing. Treat your lead partner as your internal co-conspirator. Once you leave the room, they have to go to bat for you against skeptics. Don't just pitch your product; pitch the arguments they will need to use to convince their partners to say "yes."Q3: What exactly are VC firms looking for?VCs work on behalf of Limited Partners (LPs) to produce returns that beat the market. Because of the Power Law, one win must pay for all the losses in the portfolio.Therefore, VCs want companies that can grow fast for a long time. They are looking for:A Massive MarketCompetitive Advantage (Defensibility/Tech)High VelocityIn short, they need proof that the startup has the capacity to achieve escape velocity. This includes a stellar team, strong product engagement, and an acceleration of product adoption.Q4: What are VCs measured by?Ultimately, it comes down to DPI (Distributed to Paid-In Capital). This is actual cash returned to investors. When a VC has good numbers on this, it's all they talk about.Before DPI, LPs look at interim metrics:MOIC (Multiple on Invested Capital): Paper gains on the money invested.IRR (Internal Rate of Return): A measure of the speed of growth of investments.However, for a VC to actually get paid, they need DPI. They need to return the fund multiple times over. Liquidity matters.The Golden Rule: Every single check a VC writes must have the theoretical potential to return the entire fund on its own.
We dig into the details of a new report published by UNAIDS, which found that donor funding cuts to the HIV response could lead to an additional 3.9 million new infections over the next five years, even if treatment coverage is maintained. The report, published on World AIDS Day 2025, called on governments to uphold human rights and urged funders to dedicate more resources to HIV prevention, including the highly effective twice-yearly injectable, lenacapavir. Last week, the U.S. State Department announced a grant of up to $150 million to drone company Zipline to expand health supply operations in five African countries. We highlight how this decision could signal the Trump administration's new approach to global health aid. We also unpack how digital public infrastructure, or DPI, is becoming a vital development tool, and contemplate whether it can offer a more collaborative, cost-effective approach, especially given the recent cuts to foreign assistance. To explore these stories, and others, Senior Reporter Adva Saldinger sits down with Senior Editor for Special Coverage Catherine Cheney and Senior Reporter Jenny Lei Ravelo to discuss the top global development stories of the week. During the sponsored segment of This week in global development, brought to you by Pivotal, Catherine sits down with Action for Women's Health grantee Lisel Lifshitz Gudiño, who is also the executive director of Mujeres Aliadas. Her leadership champions the midwifery practice, ensuring the delivery of safe, dignified, and culturally sensitive health care. Learn more about the awardees and explore the content series: https://pages.devex.com/boldideas.html Sign up to the Devex Newswire and our other newsletters: https://www.devex.com/account/newsletters
Wisconsin lawmakers are currently reviewing how the Department of Public Instruction handles educator sexual misconduct and grooming of students. This was sparked by an extensive investigation by Cap Times reporter Danielle DuClos. Host Bianca Martin speaks with Danielle about her year-long research into the prevalence of sexual misconduct by educators in Wisconsin, DPI's investigatory capacity, and the potential legislative changes.
What does it take to build a top-performing growth equity firm in a market defined by hype cycles, capital oversupply, and shifting investor expectations?In this episode, host Linnea Jungnelius sits down with Brian Neider, Managing Partner at Lead Edge Capital, a $5B global growth equity firm behind category-defining companies like Toast, Spotify, Alibaba, and Duo Security. As one of the original builders of Lead Edge, Brian has spent two decades refining one of the most disciplined investing models in the industry — a framework rooted in focus, consistency, and an unrivaled network of 700+ operator LPs.From staying “militantly” true to your strike zone, to navigating the aftermath of the 2020–2021 capital cycle, to separating real AI traction from experimental noise, Brian breaks down what great investors and great firms do differently. For growth equity investors, founders, and anyone responsible for capital allocation, this conversation reveals why discipline compounds, how strategy integrity drives DPI, and what it truly means to build a fund that becomes a company.What You'll Learn:• Why staying in your strike zone is the most underrated competitive advantage in growth equity.• How Lead Edge built a network of 700 operator LPs and activates them.• How to evaluate companies in the post–“growth at all costs” era.• What gross retention tells you that topline growth never will in regard to AI hype.• Why exit pathways must be defined upfront.• Urgency, clarity, and the ability to adapt without drifting are the best traits CEOs and teams can have.Timecodes:00:00 Intro00:18 Guest Introduction: Brian Neider, Lead Edge Capital04:00 From “Grow at All Costs” to Profitable Growth05:32 Lead Edge 8: The Metrics That Matter08:30 LP Priorities: DPI, TVPI, and IRR10:48 Why DPI Is Critical in Today's Market11:58 Exit Strategy Design: Defining Paths Upfront13:58 Disposition Committee: The Overlooked Advantage16:00 Filtering AI Hype: Experimental Spend vs. Real Retention20:12 The Bucket Analogy: Understanding AI Churn23:00 Founding Lead Edge: Building the LP Network Differently26:10 Scaling the Firm: From All-Hands to Specialization30:20 Activating the LP Network: How It Works in Practice33:40 The LP Flywheel: Sourcing, Diligence, and Portfolio Support36:00 Value Creation Capabilities: GTM, HR, and AI Support38:12 What Great CEOs Do: Urgency, Adaptability, Action41:54 Designing Effective Boards: Functional + Industry Balance44:30 Building Executive Teams: The Power of a Rigorous Hiring Process46:06 What's Next: The Future of Lead Edge & Market Opportunities51:58 Lightning Round: Personal ReflectionsResources:Brian Neider: LinkedIn: https://www.linkedin.com/in/brian-neider-7774041/Linnea Jungnelius:LinkedIn: https://www.linkedin.com/in/linneajungnelius X: https://x.com/itslinneaExplore the Podcast:Spotify: https://acertitu.de/brian-neider-spotify-podcastApple Podcasts: https://acertitu.de/brian-neider-apple-podcastBlog: https://acertitu.de/brian-neider-blogFound Value?
Send us a textMark Weithorn is the Founder/CEO of DPI Showcase Websites. DPI is a 21-year-old tech company that specializes in creating websites for Realtors and brokers across the USA and Canada. In addition, for the past 25-years Mark has been teaching marketing classes at the Miami Association of Realtors. Recently, DPI has launched its first AI tool which provides leads for Realtors, mortgage brokers and insurance agents. Mark's forte is marketing. Previously he has been a partner in an advertising that specialized in product development and retail advertising. I enjoy working with programmers to create web tools. In addition, I enjoy teaching new Realtors on how to succeed. I have lectured on the advances of AI and have some strong opinions on where this new technology is advancing and how it will affect people.Mark Weithorn | DPI Showcase Websites | https://dpishowcasewebsites.com/ mark@dpi-showcase.com | 305-588-8313 Sign up for one of our negotiation courses at ShikinaNegotiationAcademy.comThanks for listening to Negotiation with Alice! Please subscribe and connect with us on LinkedIn and Instagram!
Le piccole e medie imprese rappresentano la colonna vertebrale dell'economia italiana e il loro sostegno finanziario è fondamentale per sviluppo e competitività, soprattutto in un contesto segnato da tensioni geopolitiche, dazi e trasformazioni tecnologiche legate alle transizioni digitale ed ecologica, che richiedono investimenti significativi. In questo scenario, Intesa Sanpaolo ha presentato a Milano l'iniziativa «Crescere per competere», finalizzata a supportare le Pmi in operazioni straordinarie tramite strumenti di finanza strutturata, Ipo e M&A. L'innovazione consiste nel rendere disponibili questi strumenti di investment banking anche alle Pmi, attraverso una struttura dedicata nata dalla collaborazione tra la Banca dei Territori e IMI CIB, che oggi conta oltre 70 professionisti distribuiti in tre team territoriali e si rivolge a oltre 6.000 aziende. Durante l'evento presso la Borsa Italiana sono stati presentati casi di successo di Pmi in vari settori, tra cui Bending Spoons, Moltiply Group, Generalfinance, Lynx e Next Geosolutions. Dal 2020 a oggi la divisione Banca dei Territori ha assistito operazioni di finanza straordinaria per oltre 10 miliardi di euro, di cui oltre 2 miliardi nei primi nove mesi del 2025, con più di 35 operazioni tra M&A e Ipo. Stefano Barrese ha sottolineato che le Pmi devono individuare vie di sviluppo innovative e che Intesa Sanpaolo agisce come ponte tra economia reale e finanza, accompagnando gli imprenditori nella progettazione di strategie di crescita sostenibili e di lungo periodo. Interviene proprio Stefano Barrese, responsabile Divisione Banca dei Territori Intesa Sanpaolo.Delegazione italiana in Cina in difesa della proprietà intellettualeL'Unione Europea è leader globale nell'esportazione di tecnologia e know-how, ma le imprese rischiano violazioni se i diritti di proprietà intellettuale non sono tutelati. L'Italia gioca un ruolo di primo piano in settori come alimentare, farmaceutico, tessile e automotive, confermandosi nel 2024 quinta in Europa per domande di brevetto e quarta per deposito marchi. La Cina rappresenta un partner commerciale strategico e la tutela dei DPI è essenziale per proteggere le innovazioni, contrastare la concorrenza sleale e attrarre investimenti. Alessandro Plateroti si trova in Cina per seguire Action for China, programma dedicato a supportare le Pmi italiane nella localizzazione commerciale e produttiva, in collaborazione con istituzioni, associazioni di imprese, banche, fondi e studi legali. L'obiettivo della missione è siglare accordi per tutelare i settori strategici italiani nelle esportazioni verso la Cina, iniziando dall'alimentare con il consorzio di San Marzano, e proseguendo con farmaceutico, tessile e automotive, prevenendo contraffazione e manipolazione delle materie prime. Il commento è di Alessandro Plateroti, Direttore editoriale UCapital.comL'Italia torna ad essere fanalino di coda per crescitaNel 2025 l'Europa ha registrato una crescita migliore del previsto, con un PIL della zona euro stimato all'1,3%, rispetto allo 0,9% di maggio. L'Italia invece ha registrato una crescita più contenuta: la Commissione europea ha rivisto le stime a +0,4% per il 2025 e +0,8% per il 2026 e 2027, mentre il governo prevede rispettivamente +0,5%, +0,7% e +0,9%. Quest'anno l'Italia ha la quarta crescita più bassa dell'area euro e nei prossimi anni risulterà tra i paesi meno dinamici. La debole crescita è dovuta alle esportazioni nette che sottraggono 0,7 punti percentuali, mentre la domanda interna contribuisce con circa 1 punto percentuale, trainata dagli investimenti, e penalizzata dalla fine degli incentivi fiscali nel settore immobiliare. L'incertezza internazionale ha portato le famiglie ad aumentare il risparmio e ridurre i consumi. Sul fronte dei conti pubblici, le previsioni fissano il deficit al 3% del PIL nel 2025, con l'intenzione delle autorità italiane di mantenerlo leggermente inferiore per uscire dalla procedura per disavanzo eccessivo. Il presidente di Confindustria, Emanuele Orsini, ha sottolineato l'importanza di rafforzare la competitività e ha suggerito di posticipare il rientro del debito per aumentare le risorse disponibili per investimenti, ricordando che conti in ordine facilitano la presenza delle imprese italiane sui mercati esteri.Il commento è di Mario Deaglio, professore emerito di Economia Internazionale Università di Torino.
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Death Penalty Information Center On the Issues Podcast Series
In the November 2025 episode of 12:01: The Death Penalty in Context, DPI's Managing Director Anne Holsinger speaks with Captain Art Cody, Dr. Steven Xenakis, and DPI Staff Attorney Leah Roemer about DPI's new report, Forgotten Service, Lasting Wounds: Military Veterans and the Death Penalty. Their conversation covers the legal and scientific reasons behind the overrepresentation of veterans on death row. Captain Cody, a retired U.S. Naval officer, currently serves as Director of the Center for Veteran Criminal Advocacy. Dr. Xenakis, a retired U.S. Army Brigadier General and psychiatrist, works extensively with youth and adults and is a leading advocate for improving mental health care for veterans. Both bring extensive experience and a long-standing commitment to reform within the military and civilian justice systems. Ms. Roemer, the lead author of DPI's new report Forgotten Service, Lasting Wounds, describes how the legal system treats veterans sentenced to death and underscores the role of military service, trauma, and inadequate treatment in shaping case outcomes. As part of this report, DPI has produced the first comprehensive list of veterans sentenced to death in the modern era of the death penalty.
In another special solo episode, Peter Walker dives deep into Carta's Q2 Fund Performance Report to unpack the data on what's really happening inside venture capital today.Peter walks through the critical benchmarks every GP and LP needs to know, from median and top-decile Net IRR, TVPI, and DPI across different vintages and fund sizes. He explains why the 2021 vintage is struggling, why small funds have higher performance dispersion, and how liquidity pressure is (or isn't) impacting GP behavior.He also introduces the single biggest theme defining venture in 2025: Concentration. Peter breaks down how this theme is affecting AI funding, geography, lead investor ownership, and even bridge rounds. Plus, he answers pre-submitted questions on follow-on strategy, liquidation preferences, and how to stand out to LPs in a crowded market.Q2 2025 VC Fund Performance Report:https://carta.com/data/vc-fund-performance-q2-2025/Subscribe to Carta's weekly Data Minute newsletter: https://carta.com/subscribe/data-newsletter-sign-up/Explore interactive startup and VC data, with Carta's Data Desk: https://carta.com/data-desk/02:03 – Chart 1: The VC fund universe (Fund sizes) 02:47 – Chart 2: Dry powder by fund size03:12 – Chart 3: Dry powder by vintage year04:14 – Chart 4: The hollowing middle of venture05:08 – Chart 5: LP count by fund size06:09 – Why are there fewer LPs in recent vintages?07:07 – Chart 6: The rise of the anchor LP07:51 – Digging into fund performance08:11 – What LPs really want to see (Net performance)09:03 – Chart 7: Net IRR by vintage year10:21 – Chart 8: IRR J-Curve (Why 2021 is struggling)11:59 – Chart 9 & 10: Top Quartile & Top Decile IRR13:05 – Chart 11: Do smaller funds outperform larger funds?14:55 – Chart 12: TVPI benchmarks (Median vs. Top Decile)15:34 – Chart 13-15: TVPI over time (Median, Top Quartile, Top Decile)16:50 – Why 3x net is a Top 10% goal, not Top Quartile17:15 – Chart 17: DPI (Money back to investors)18:26 – Chart 18: The psychology of liquidity (DPI > $1)20:01 – The broad venture context: Fundraising improves20:48 – Chart 20: The persistence of bridge rounds21:48 – Chart 21: Down rounds are decreasing23:04 – Are fund marks based on SAFEs? (No)23:55 – Chart 22: Time between rounds24:49 – Chart 23 & 24: Seed-to-A & A-to-B graduation rates27:39 – The 2025 Theme: Concentration28:05 – Concentration 1: The AI Boom29:31 – Concentration 2: More cash, fewer startups31:33 – Concentration 3: Lead investors are taking more32:52 – Concentration 4: "Preemptive" bridge rounds34:47 – Concentration 5: Geography (The Bay Area)37:46 – Start: Pre-submitted Q&A38:57 – Q1: Do mega-funds add value at seed?40:42 – Q2: How much should small funds reserve for follow-ons?42:47 – Q3: How common is investor-friendly structure? (Liquidation prefs)44:32 – On signaling risk45:35 – On LP pushback on fees & carry46:50 – On the state of exits (M&A vs. IPO)49:01 – On extended fund lifetimes (10 vs. 15 years)50:08 – On "no fee, carry only" funds53:10 – Key takeaways for fundraising GPs: Distinctiveness is keyThis presentation contains general information only and eShares, Inc. dba Carta, Inc. (“Carta”) is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services, and is for informational purposes only. This presentation is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. © 2025 eShares,
Welcome back to the EUVC Podcast — where we go deep with the people shaping European venture.Today, David sits down with Kristaps Ronis, Partner at ION Pacific, a global secondaries investor (HQ in LA, presence in Europe & Asia) focused on Series B+ tech and a specialty that's getting hotter by the month: structured secondaries.Kristaps runs ION Pacific's European practice and has been with the firm since inception (2015). In this episode, he unpacks why DPI is king, why traditional “sell-the-shares” secondaries often fall short, and how structured deals can deliver liquidity without selling or signaling — all while preserving control and upside for GPs.Whether you're a GP under LP pressure, an LP looking for distributions, or a founder trying to understand what's happening around your cap table, this one's for you.Here's what's covered:00:55 – Who is ION Pacific? Global secondaries focused on B/C/D with a European practice led by Kristaps.02:36 – What they do: Liquidity for venture via structured & traditional secondaries.04:01 – Kristaps' path: Latvia → Peking University → Hong Kong banking → co-founding ION Pacific.06:05 – What are structured secondaries (in one line).07:35 – Three big learnings in venture: lack of financial innovation, complex cap tables = silent killer, DPI is king.10:48 – Early vs. later stage instruments — why complexity hits hard post-Series B.17:16 – Why secondaries now (esp. in Europe): DPI pressure, awareness, more dedicated players.21:09 – Continuation vehicles in Europe: “2025 is the year of the EU CV.”23:31 – Where structured deals fit: liquidity without selling, pricing gaps, zero market signaling.26:20 – “What's the catch?” Educating LPs on partial upfront + future upside.28:05 – Advice for GPs & LPs: how to open the liquidity conversation.29:53 – Solving the bid–ask spread: structure beats headline discounts.31:27 – Co-investing: where others join (and where they don't).32:26 – The market gap: too big for small PE secondaries, too small for mega funds — ION's sweet spot.35:55 – Timing: don't start in year 11 of a 10+2 fund; think 6–9 months ahead.36:58 – Seller mistakes: timing, portfolio prep, governance blockers, LP comms.40:23 – Good news for emerging managers: relationships can reopen info rights.43:37 – Kristaps' bookshelf: The One Thing, Getting to Neutral, Buy Back Your Time.45:23 – How to reach Kristaps: LinkedIn + email; open to being a sounding board.
1 hour and 55 minutes The Sponsors Thank you to Underground Printing for making this all possible. Rishi and Ryan have been our biggest supporters from the beginning. Check out their wide selection of officially licensed Michigan fan gear at their 3 store locations in Ann Arbor or learn about their custom apparel business at undergroundshirts.com. Our associate sponsors are: Peak Wealth Management, Matt Demorest - Realtor and Lender, Ann Arbor Elder Law, Michigan Law Grad, Human Element, Sharon's Heating & Air Conditioning, The Sklars Brothers, Champions Circle, Winewood Organics, Community Pest Solutions, Venue by 4M where record this, and Introducing this season: Radecki Oral Surgery, and Long Road Distillers. 1. Offense vs Purdue Starts at :57 This podcast starts out telepathically but then Brian's intrusive thoughts got telepathed so it had to stop. Dave introduces the Snack of the Week. Would you rather talk about this game or Dunkaroos? Bryce Underwood - not good in the first half. A fumble on the sideline is usually harmless unless it involves the silliest rule in football. His scrambling was good but you can't build a business in this industry by scrambling, that will get you killed against Ohio State. Too many missed passes, he doesn't really settle in. By the Georgia game, JJ was probably where Bryce is now - many mistakes but you can see the talent. On the flip side, the offensive line had a great game. Purdue loaded the box but Jordan Marshall rushed for 185 yards anyways. You can't tackle him with just one guy, he will emerge from piles. This is the fourth straight game where Sprague has been incredible. Bryson Kuzdzal had some nice runs on the game-sealing drive. Tight ends were fine, more catches by Zack Marshall. There's not a lot of separation between Marshall and Klein. Semaj had way fewer snaps, Goodwin saw more time. You have six 2nd or 3rd year players on this offensive line that can absolutely play in this conference. The future of the offensive line is bright. 2. Defense vs Purdue Starts at 41:43 How do we even feel about the defensive performance? We've seen Purdue all season be an offense that moves the ball down the field but can't score. That happened but it felt bad. Cam Brandt was too far upfield on a couple big run plays. Why are the good defensive ends not on the field for 70% of the snaps that they should be out for? Why are the starters rotating out so much throughout the game? Assuming he's healthy, do you put Jaishawn Barham at DE or LB against Ohio State? Michigan didn't commit to a position for him and it's hurting his play. Way fewer three defensive tackle sets, yay. If your name is going to be "Michael Jackson" you need to go by "Mike". Jyaire Hill got sealed a couple times but was otherwise fine. The endzone DPI was DPI. Metcalf got sucked in during the touchdown. 3. Hot Takes, Game Theory, and Special Teams Starts at 1:06:04 Takes hotter than the amount of trouble Jason would get into if he did the Hot Takes voice at a golf tournament where he was during recording. Michigan has not been good at Special Teams Things, why are they running kickoffs out of the middle of the endzone? Another punt that Semaj didn't field that gave up 20 yards. Did Jay Harbaugh have a heat map for punting? We've never had to talk so much about shield punting positioning but now we have to. Clock management at the end of the first half was pretty on-point. Purdue's 4th down decision making was aggressive which you do if you want to try to win the game. Shout out to Michigan fans for feeding energy back into the team in the 4th quarter. The students did the shirtless thing that's become a college football thing. Also shout out to Barry Odom for getting the Purdue bench fired up. 4. Around the Big Ten with Jamie Mac Starts at 1:28:22 Indiana 55, Maryland 10 This is a typical Indiana game these days. Indiana's offense is a machine. The defense is... also a machine?? Every week, Indiana has some weird defensive stat that's historical and worth tracking. Mendoza threw and interception on his first play, the game was wobbly for about a quarter. Ohio State 38, Penn State 14 Briefly competitive in the 2nd quarter. Penn State is the first top five team in the history of college football to lose five straight games. Julian Sayin had 14 yards per attempt. Ohio State finally catches a break and gets an obvious targeting call to not get enforced. Minnesota 23, Michigan State 20 (OT) MSU benches Aidan Chiles for Alessio Milivojevic. The Spartans lose this game despite outgaining Minnesota by about 160 yards. The final two minutes of this game are worth watching. Northwestern QB Aidan Chiles?? Alessio had a better EPA than Chiles any other game this season. USC 21, Nebraska 17 If you like offense, don't look at this game. We are suddenly having feelings about Wink Martindale. Dylan Raiola is done for the season and USC is able to grind out a win. Raiola's backup went 5/7 for 7 yards. Illinois 35, Rutgers 13 A solid victory for Illinois, most of Rutgers' yards are when it was 35-6. Bert: "I put us as good as any 6-3 team out there. That doesn't mean anything." Bowl eligible in consecutive seasons for the first time since 2011. Illinois is the new Wisconsin. MUSIC: "On & On"—The Marcus King Band "Husbands"—Geese "Don't Forget That I Love you"—Pale Jay “Across 110th Street”—JJ Johnson and his Orchestra
The spooky segments aren't over yet with John and Gordy up first! Sha'Ron Buie joined to talk about his incredible work across multiple justice and community organizations — from the Federal Defender Service to Madison's Police Advisory Board and Reentry Councils in both Madison and Milwaukee. He also shared the exciting news that MOSES will be honoring him this November for his ongoing commitment to criminal justice reform and equity. Valley Focus with Lisa Hale got into the Halloween spirit with Ieva Engel, executive director of the Oshkosh Area Humane Society. Ieva shared important pet safety tips to keep your furry friends safe and stress-free during the holiday — from candy hazards to costume comfort — ensuring that every four-legged ghoul can join in the spooky fun safely. On the Todd Allbaugh Show, it was another round of “Mondays with Matenaer,” as Todd and Jane dove into the topic of political tribalism. They took aim at both sides of the aisle — Republicans dodging blame for the government shutdown, and Democrats refusing to call out their own over leadership issues at DPI. The conversation was sharp, honest, and refreshingly self-aware, challenging listeners to demand better accountability from everyone. Last but not least, on the WXCO Morning Report, Chad welcomed Cheryl Martino from NAMI Northwoods to discuss the vital mental health services available in Wausau. Cheryl explained how NAMI's programs provide support, education, and advocacy for individuals and families navigating mental health challenges — an important reminder that help and community are always within reach. To learn more about these shows and all of the programming across the Civic Media network, head over to https://civicmedia.us/shows to see the entire broadcast line up. Follow the network on Facebook, BlueSky, YouTube, X, and Instagram to keep up with Civic Media!
When we all stand together, we are POWERFUL. DO THIS. DO NOT Fail! Democracy, FDR, Economic Blackout, No Kings, Indivisible, DemCast, Biden, Clinton, Obama, trump is a convicted felon, trump, health care, DNC, DPI, Democratic Party, Guns, Safety, armageddon, evangelicals are nuts, Orange Caligula, From The Edge of The Great Red Divide, The Blue Island in a sea of Red, trump is a mushroom headed dick with ears. Human Decency, LGBT, Brown Children, Ice Raids,Agriculture, Farm, Farm Bill, Farmers, Corn, Soybeans, LAND!, Musk, Coup, No mass deportations,
The New York Giants got cheated by the referees against the Eagles in Week 8 — and lost Cam Skattebo to a gruesome ankle injury. Giant Mess podcast host Neal Lynch recaps the carnage in Philly, vents about the officiating insanity (is the NFL rigged?!), and looks ahead to a winnable home matchup vs the underwhelming 49ers in Week 9. Can Jaxson Dart keep the offense alive without his top two playmakers? Will the defense stop sleepwalking? And when can we move on from this coaching staff?
Death Penalty Information Center On the Issues Podcast Series
In October 2025's episode of 12:01: The Death Penalty in Context, DPI managing director Anne Holsinger interviews Maha Jweied. Ms. Jweied, the CEO of The Responsible Business Initiative for Justice (RBIJ), is an internationally recognized expert on the role of the private sector in justice systems and an advocate for improved access to justice worldwide. During the podcast, Ms. Jweied describes RBIJ's mission of working with business leaders to push for criminal justice reform. Along with death penalty abolition, RBIJ advocates for policies addressing challenges facing formerly incarcerated individuals reentering the workforce.
Welcome to a new episode of the EUVC Podcast, where our good friends Dan Bowyer and Mads Jensen from SuperSeed are joined by Lomax Ward from Outsized Ventures and Ben Prade, investor & operator at Bullhound Capital (the investment arm of GP Bullhound), for an unfiltered look at Europe's venture reality: fundraising pain, secondaries-as-a-service, AI's power hunger, China's “dark factories,” and how Europe unlocks the capital to compete.Ben focuses on deep tech, AI, quantum, and space, and he brings a clear-eyed view on how liquidity, secondaries, and structural headwinds are reshaping the market.
In this episode we sit down with Jeff and John from DPI. We talk all about the anesthesia industry, and how their team's insights can help you grow your own business no matter what industry you're in. You won't want to miss this!Check out DPI here: https://dpianes.com/Sponsors: PB&J Productions, Coretechs, Falaya, and Lake Men's Health CenterThe Patty-G Show website: https://thepattygshow.com/#explorebatonrouge #batonrouge #batonrougepodcast #thepattygshow #onlylouisiana #visitbatonrrouge #louisianatravel #podcast #localpodcast #entrepreneur #entrepreneurship #vodcast #batonrougebusiness #batonrougeentrepreneur
Death Penalty Information Center On the Issues Podcast Series
In the September 2025 episode of 12:01: The Death Penalty in Context, DPI's managing director Anne Holsinger interviews Shaken Baby Syndrome (SBS) expert Katherine Judson. Ms. Judson is Executive Director of the Center for Integrity in Forensic Sciences and former Shaken Baby Syndrome/Abusive Head Trauma Litigation Coordinator for the Wisconsin Innocence Project. In the episode, Ms. Judson provides the history behind Shaken Baby Syndrome, and why it is now known by experts as “junk science.” She also explains how SBS was tragically used as forensic evidence to secure the capital conviction of Robert Roberson in Texas.
Welcome back to another episode of the EUVC Podcast, your trusted inside track on the people, deals, and dynamics shaping European venture.This week, Andreas is joined by Florian Schweitzer, Founding Partner at b2venture, one of Europe's longest-running VC funds — and one of the only firms to scale a structured angel investing model alongside institutional capital.They unpack how Florian built an active, deeply interlinked community of 350 angels, the philosophy behind their 90/10 investment model, and why chasing unicorns is the wrong game. The conversation also dives into trust-building with LPs, culture as a strategy, and what it takes to build trillion-euro thinking into Europe's founder psyche.Whether you're an emerging manager trying to scale responsibly, or an LP wondering what durable early-stage outperformance actually looks like — this one's for you.Here's what's covered:01:00 | The impossible alignment: angels vs. institutions02:30 | Treating angels as partners — not a sourcing channel03:30 | The founder–angel–VC triangle04:00 | Winning institutional support: data, not just story05:40 | Why most firms abandon the angel model — and how btov didn't06:00 | Culture, rules, and the “honourable merchant”08:00 | The numbers: 350 angels, 80 core collaborators09:00 | The unicorns: how every single one came via angels10:30 | When angels lead and VCs co-lead12:30 | Why chasing unicorns is “silly” — and what to do instead14:00 | Building trillion-euro aspirations into early diligence15:00 | 90/10: The case for a dual investment strategy17:00 | DPI lessons from Fund 1 & 2 — and what they forgot in 3 & 4
Seth & Sean get PETTY as not only they are petty about the Texans, but Brian Kelly is Petty about a reporter and Portnoy is upset on a called DPI on Travis Hunter.
Seth & Sean get PETTY as not only they are petty about the Texans, but Brian Kelly is Petty about a reporter and Portnoy is upset on a called DPI on Travis Hunter. The guys then listen in on what Rankins had to say following a tough, disappointing loss to Baker Mayfield & the Bucs on MNF. Plus, there are bright spots for the Texans, but is it sustainable?
Seth & Sean react to the Texans 20-19 loss to the Bucs & they are not happy, from the play calling to the tackling. They also discuss potential communication issues, maybe? Plus, Headlines. The guys then are joined by Audacy NFL Insider Ross Tucker as he gives his thoughts on the disappointing loss, including questions about the play calling. After they are done with Ross, they further discuss, including the bad tackling. They then take a break from the Texans talk and react to Cowboys owner Jerry Jones going on New York Radio saying that he was talking to the Jets about Micah Parsons. Later, they get PETTY as not only they are petty about the Texans, but Brian Kelly is Petty about a reporter and Portnoy is upset on a called DPI on Travis Hunter. The guys then listen in on what Rankins had to say following a tough, disappointing loss to Baker Mayfield & the Bucs on MNF. Plus, there are bright spots for the Texans, but is it sustainable? Seth & Sean then Power Rank the Power Rankings and see what they say about CJ Stroud. Speaking of Stroud they re-visit his postgame press conference. And finally they relive the game-winning drive for the Tampa Bay Buccaneers and Sean gives two plays where he knew it was all said and done for the Texans.
Gene Steratore joins the show to review some of the controversial calls such as the low block on Jalen Ramsey and non calls such as the DPI that wasn't noticed on Calvin Austin from the Steelers win over the Jets.See omnystudio.com/listener for privacy information.
Gene Steratore joins the show to review some of the controversial calls such as the low block on Jalen Ramsey and non calls such as the DPI that wasn't noticed on Calvin Austin from the Steelers win over the Jets.
Today's show:Jason heard Lina Khan on The Bulwark and got a little fired up.Plus Google doesn't have to invest in Chrome… or basically do much of anything… Atlassian picked up not just any browser company but THE Browser Company… Follow-up thoughts on that MIT “companies aren't using AI” study… AND Jason's “two stock markets” theory. It's a can't-miss Friday TWiST.Timestamps:(00:00) Sony responds to Kpop Demon Hunters success… but Jason's not buying it!(10:44) Sentry - New users get 3 months free of the Business plan (covers 150k errors). Go to http://sentry.io/twist and use code TWIST(11:10) Jason heard Lina Khan on The Bulwark and he has THOUGHTS(12:40) Google doesn't have to divest Chrome! So what ARE the remedies?(18:31) Atlassian's buying a browser company? Which one? THE Browser Company.(20:57) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech(21:22) When early DPI is better than NO DPI.(26:58) AI that helps you GET a job?! What a twist!(29:46) Jason and Alex have questions about that MIT AI study…(30:57) Public - Take your investing to the next level with Public. Build a multi-asset portfolio and earn 4.1% APY on your cash—with no fees or minimums. Start now at public.com/twist.(32:07) More Browser News! Why Jason's bullish on Brave.(35:10) Perplexed by “Perplexity”: Jason's rules for domain names(39:54) The path is cleared for Polymarket's return to the US(47:06) Jason's “Two Stock Markets” theory(53:02) Mistral looking to raise 2 billion… euro!(56:08) Jason's political philosophy: More joy and happiness(59:18) Stripe's new stablecoin blockchain has no native token! So what's it for?(01:04:12) Jason's tips for lowering your churn rate(01:11:56) How to use Reddit to uncover pain pointsSubscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.comCheck out the TWIST500: https://www.twist500.comSubscribe to This Week in Startups on Apple: https://rb.gy/v19fcpFollow Lon:X: https://x.com/lonsFollow Alex:X: https://x.com/alexLinkedIn: https://www.linkedin.com/in/alexwilhelmFollow Jason:X: https://twitter.com/JasonLinkedIn: https://www.linkedin.com/in/jasoncalacanisThank you to our partners:(10:44) Sentry - New users get 3 months free of the Business plan (covers 150k errors). Go to http://sentry.io/twist and use code TWIST(20:57) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech(30:57) Public - Take your investing to the next level with Public. Build a multi-asset portfolio and earn 4.1% APY on your cash—with no fees or minimums. Start now at public.com/twist.Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarlandCheck out Jason's suite of newsletters: https://substack.com/@calacanisFollow TWiST:Twitter: https://twitter.com/TWiStartupsYouTube: https://www.youtube.com/thisweekinInstagram: https://www.instagram.com/thisweekinstartupsTikTok: https://www.tiktok.com/@thisweekinstartupsSubstack: https://twistartups.substack.comSubscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916
Today's show:We're back with another all-star VC roundtable discussion.Joining Jason are Dave McClure of Practical VC, NVNG's Grady Buchanan, and Tomasz Tunguz of Theory VC. Together, they're having a deep insider discussion of the state of venture, secondary markets, running funds of funds, the legacy of Lina Khan, the difficulty of recruiting, and why the pendulum has potentially swung in founders' favor.Timestamps(0:00) INTRO, The origins of Practical VC and how secondary funds work.(05:44) So… how does Dave decide what to BUY?(09:27) Melanie - Companies are staying private longer… Is this good for fund managers?(10:02) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST(11:18) Show Continues…(14:17) We've all heard about unicorns but… what about centaurs?!(16:19) Jacob - Are VC marks… bullsh*t?! How long until your LPs should see DPI? The panel debates.(17:22) Jacob - Is Jason too hard on Lina Khan? Dave says VCs created the problem!(20:07) AWS Activate - AWS Activate helps startups bring their ideas to life. Apply to AWS Activate today to learn more. Visit aws.amazon.com/startups/credits(21:30) Show Continues…(30:01) Public - Take your investing to the next level with Public. Build a multi-asset portfolio and earn 4.1% APY on your cash—with no fees or minimums. Start now at public.com/twist.(31:16) Show Continues…(31:34) When it's time to embed an expert into a struggling startup(34:15) How investing in SO MANY COMPANIES gave Dave a trove of data(40:33) Sometimes VCs have to be the “voice of reality”…(45:53) Are stock buybacks the best use of capital?(49:29) Jacob - The End of the ZIRP Era meets the Dawn of the AI Era(51:04) Why running your business on debt, not equity, requires tough choices(58:23) When you need to “take the medicine” on returns and live to fight another day.(01:11:17) Is Grady actively seeking managers that have shown a demonstrated ability to produce liquidity?(01:13:24) Dave says the pendulum has swung into founders' favor.(01:20:25) Dave teases his new secondary podcast, “Trading Places”!Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.comCheck out the TWIST500: https://www.twist500.comSubscribe to This Week in Startups on Apple: https://rb.gy/v19fcpFollow Lon:X: https://x.com/lonsFollow Alex:X: https://x.com/alexLinkedIn: https://www.linkedin.com/in/alexwilhelmFollow Jason:X: https://twitter.com/JasonLinkedIn: https://www.linkedin.com/in/jasoncalacanisThank you to our partners:(10:02) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST(20:07) AWS Activate - AWS Activate helps startups bring their ideas to life. Apply to AWS Activate today to learn more. Visit aws.amazon.com/startups/credits(30:01) Public - Take your investing to the next level with Public. Build a multi-asset portfolio and earn 4.1% APY on your cash—with no fees or minimums. Start now at public.com/twist.Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarlandCheck out Jason's suite of newsletters: https://substack.com/@calacanisFollow TWiST:Twitter: https://twitter.com/TWiStartupsYouTube: https://www.youtube.com/thisweekinInstagram: https://www.instagram.com/thisweekinstartupsTikTok: https://www.tiktok.com/@thisweekinstartupsSubstack: https://twistartups.substack.comSubscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916