Podcasts about dry powder

Hugh MacArthur is the Chairman of Bain & Company's Global Private Equity Practice, which he helped found more than thirty years ago. Hugh's consulting team works on around 5,000 investment opportunities every year and comprises the largest practice area at Bain. He also hosts the “Dry Powder” podcast, my favorite in the private equity space.   Our conversation covers Bain's work in private equity across due diligence, sourcing, value added support, and strategy for both GP and LP organizations. We then discuss findings from Bain's latest Global Private Equity Report, including data on the slowdown in deal activity, liquidity bottleneck, private wealth inflows, carveouts, AI, and competitive positioning. We close with Hugh's perspective on the winners and losers of the next era, and the strategies GPs and LPs need to pursue to come out on the right side of a changing industry.   Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Eric Pan joins Diane King Hall at the NYSE set to discuss his investing outlook amid ongoing trade negotiations. He focuses on the $7T in money market funds that are sitting on the sidelines, saying any progress on trade deals could bring investors' dry powder back into the stock market. Eric and Diane react to the latest CPI print, what it means for the Federal Reserve's rate policy and how it impacts investors today.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

Why have investors been talking about recession risks? Hosted by Michelle Martin, this episode explores how to brace your investments for a potential recession with Elijah Lee, Senior Financial Services Manager at Phillip Securities from a uniquely Singaporean perspective. As Nobel laureates and hedge fund legends warn of global instability and deepening economic fractures, we ask: how can you shift your portfolio? From bonds to dividend stocks, gold to cash reserves - discover smart strategies to weather a downturn and position for long-term security amidst chaos.See omnystudio.com/listener for privacy information.

Lauren quizzes living legend Bill Cohan, author of Puck's Dry Powder email, about Saks Global's mounting debt, and what might happen to Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman if the company were forced to file for Chapter 11 bankruptcy protection. They also discuss why retail is such a tough business, why Bernard Arnault is so successful, and why he might want to take control of Bergdorf Goodman. Plus, Bill shares some great Paris recs.  To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

[This episode originally aired on December 7, 2023] Today on the show, I have a lively conversation with Ashby Monk, the executive director of the Stanford Research Initiative on Long Term Investing. Ashby studies the inner workings of pension funds, sovereign wealth funds, endowments and foundations —  in short all of those LPs that sit somewhere in between the public and private sectors.“That means that they are optimizing for things that are not entirely evident to just the casual observer,” Ashby says.In this episode of Dry Powder, I ask Ashby to take us inside the $140 trillion universe of long-term investing and help us understand what exactly these organizations are optimizing for.If you'd like to stay up to date with my weekly series on LinkedIn, follow me here.

In today's episode, Jared Weisel, SVP at Revenue Analytics, joins us to break down how PE-backed manufacturing and distribution businesses can use pricing to drive serious EBITDA gains. We dive into why most firms ignore pricing, how to avoid customer churn while raising prices, and why a 3–7% increase can deliver outsized impact. Jared shares the biggest mistakes PE firms make, how to build long-term pricing strategies, and why this lever is the most underutilized tool in the value creation plan.[00:03] Jared explains his role at Revenue Analytics, focusing on pricing strategy for PE-backed manufacturing and distribution firms.[00:29] Discusses pricing as a lever for EBITDA improvement with minimal customer loss.[00:58] Pricing is often underused; Jared emphasizes using data to drive targeted decisions and compliance.[01:54] PE firms overlook pricing in VCPs, relying on cost-cutting. Jared argues for ongoing pricing strategies, not one-time actions.[03:44] Sales reps often quote inconsistently due to lack of tools. Structure and guardrails lead to better pricing outcomes.[05:02] Visibility is key—track changes, product mix shifts, and enforce compliance to prevent leakage.[06:25] Raw Selection offers salary reports via YouTube—useful for benchmarking comp in PE and portfolio roles.[06:54] Jared warns that pricing based on gut feel or fear of customer loss leads to missed value. Start with the pain.[09:47] Jared outlines pricing plays across the investment lifecycle—diligence, early wins, long-term optimization, and positioning for exit.[12:12] A 3–7% price increase typically sees no customer churn—if done surgically, not blanket increases.[14:01] Recommends Pricing Brew, Professional Pricing Society, and books like Revenue Management and Pricing: The New CEO Imperative.[16:28] CEOs hesitant on pricing should compare pricing impact vs. other ops improvements—pricing wins big.[18:21] Jared's recommendations: Bain's Dry Powder, Adam Coffey's Private Equity Playbook, Dan Cremons' Winning Moves.[19:39] Contact Jared at jwiesel@revenueanalytics.com or on LinkedIn.[20:36] Alex thanks Jared for the focused and actionable conversation on pricing.Connect with Jared Wiesel on LinkedIn. Thanks for tuning in.Subscribe for more episodes on  iTunes & SpotifyGot feedback or questions? Email Alex at alex.rawlings@raw-selection.com. Until next time—keep smashing it!

When you look at historical volatility, when it starts to whiplash like this, it gets more and more severe—so the big question is, are you ready for that?In this episode, Hans and Brian talk with Scott Osborne about navigating market volatility and developing strategies to protect your assets during economic uncertainty. Scott shares insights on how to approach market fluctuations with discipline and why having access to "dry powder" through infinite banking can be crucial during market downturns.The conversation explores the recent sharp market volatility triggered by tariff announcements and the subsequent recovery. Are you prepared for increasing market whiplash effects that historically become more severe once they begin?This discussion provides practical advice for both accumulation and distribution phases of wealth management, showing how the right financial structure can help you weather volatility and potentially capitalize on it with strategic positioning.Disciplined Long-Term Strategy: Trying to time market tops and bottoms is a losing strategy, with data showing that missing just the 10 best market days over 30 years can cut returns in half. The focus should be on maintaining a disciplined approach to investing rather than making emotional decisions.Financial Flexibility Advantage: Having accessible capital during market downturns creates opportunities. Infinite banking and cash value life insurance provide guaranteed access to funds without bank approval or concern about interest rate fluctuations.Retirement Protection Framework: Retirees can shield themselves during market volatility by creating a 3-5 year buffer of guaranteed income. Bond laddering offers an alternative approach for those who don't use infinite banking.Strategic Tax Opportunities: Market downturns create prime conditions for tax-loss harvesting and Roth conversions, potentially saving significant money on taxes while repositioning assets for future growth.▶️ Chapters:00:00 - Introduction and Market Volatility Preview03:00 - Emotional vs. Data-Driven Investing 06:00 - Historical Market Performance After Downturns09:00 - Statistics on Missing the Market's Best Days 12:00 - Accessing Capital During Market Dips17:00 - Tuning Out Market Noise and Following Your Plan22:00 - Home Equity Loans vs. Policy Loans 27:00 - Sequence of Returns Risk in Retirement 32:00 - Creating a Retirement Income Strategy 38:00 - Current Market Anomalies and Macroeconomic Shifts44:00 - Bond Strategies for Retirement Planning51:00 - Final Thoughts on Controlling What You CanVisit Patriot Wealth Planners and learn how to protect your wealth while maximizing growth potential!Got Questions? Reach out to us at info@remnantfinance.com or book a call here!⁠Visit https://remnantfinance.com for more informationFOLLOW REMNANT FINANCEYoutube: @RemnantFinance (https://www.youtube.com/@RemnantFinance)Facebook: @remnantfinance (https://www.facebook.com/profile?id=61560694316588)Twitter: @remnantfinance (https://x.com/remnantfinance)TikTok: @RemnantFinance Don't forget to hit LIKE and SUBSCRIBE

When today's guest was on this program last back in December, he predicted the following:1. That a contraction in global liquidity could set the stage for severe market corrections and increased volatility -- check2. That stocks would peak early in 2025, and then experience a 15-20% correction -- check3. That new U.S. trade tariffs could lead to retaliatory measures from trading partners, triggering a global trade war -- check, especially in regards to ChinaSo far he's 3 for 3.He also recommended that investors start 2025 defensively, reducing equity exposure, avoiding long-duration bonds, and instead load up on T-bills and gold.Again, this was a winning combination. So who is this prescient forecaster?None other than Felix Zulauf, Founder and CEO, Zulauf Consulting.He usually only does public interviews once a year, but given the recent market turbulence, he has decided to return early to help investors make sense of what's most likely to happen next from here.We're extremely fortunate -- and grateful -- that he has selected Thoughtful Money as one of the few platforms he's granting an interview to this week.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#recession #volatility #bullmarket _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

Private equity is making moves in the legal industry, and Crispin Passmore has a message for firms that think they can ignore it: adapt or risk getting left behind.   Chris Batz and Howard Rosenberg sit down with Crispin, the co-founder of Stratify and a former U.K. regulator turned law firm consultant, to talk about what's happening on both sides of the Atlantic. Why has the U.K. embraced alternative business structures while the U.S. continues to resist change? Is the legal industry really evolving, or does it just feel that way to those pushing for reform? Crispin shares his perspective on where things stand, why some firms feel no urgency, and what's fueling the momentum in places like Arizona.   Crispin also dives into what private equity sees in the legal sector: why investors are drawn to it, how they're already involved, and what it means for firms that want to stay competitive. But money alone won't solve the industry's biggest challenges. Governance structures are outdated. Succession planning is a mess. Many firms still operate as if the market hasn't changed in decades. Crispin explains why those who are looking outward, not inward, will have the biggest advantage in the years ahead.   Change may feel slow, but as Crispin puts it, revolutions rarely happen overnight. When the shift picks up speed, will firms be ready?   Episode Breakdown: 00:00 Introduction to Private Equity in Legal Industry 03:04 Comparison of U.K. and U.S. Legal Market Liberalization 05:50 Success of ABS in the U.K. 08:02 U.S. States Experimenting with Legal Market Liberalization 11:45 Structuring National Practices from Arizona ABS 14:55 Vulnerability of Law Firms to Market Changes 16:45 Private Equity Interest in Legal Market 19:06 Alternative Ways for Private Equity to Enter U.S. Legal Market 21:15 Challenges of Private Equity in Traditional Law Firms 25:13 Changing Dynamics in Law Firms with Private Equity 29:02 Future of U.S. Law Firms with ABS in the U.K. 33:35 Effective Use of Raised Capital by Law Firms 35:17 IPOs vs. Private Markets for Law Firms   Links Connect with Crispin Passmore: Profile: https://www.linkedin.com/in/crispin-passmore/ Firm Website Bio: https://www.passmoreconsulting.co.uk/about-me   Connect with Howard Rosenberg: LinkedIn profile: https://www.linkedin.com/in/hrosenberg/ Company web profile: https://www.baretzbrunelle.com/howard-rosenberg   Connect with Chris Batz: LinkedIn Profile: https://www.linkedin.com/in/chrisbatz/  LinkedIn Company page: https://www.linkedin.com/company/columbus-street/ Columbus Street website: https://www.columbus-street.com/  Podcast production and show notes provided by HiveCast.fm  

Welcome to The Private Equity Podcast by Raw Selection, hosted by Alex Rawlings. Brent Burnett, Head of Infrastructure and Real Assets at Hamilton Lane, shares insights on infrastructure growth, key trends, and the 2025 outlook. Tune in for a deep dive into its role in PE. Breakdown:[00:00] Welcome to the Raw Selection Private Equity Podcast with host Alex Rawlings and guest Brent Burnett, Head of Infrastructure and Real Assets at Hamilton Lane.[00:30] Brent shares his background in infrastructure investing and career journey.[01:22] How Brent's experience in real estate and industrial assets shaped his focus.[02:17] Brent's role in launching a real assets fund and joining Hamilton Lane.[03:06] Growing interest in infrastructure investments and Hamilton Lane's outlook for 2025.[03:59] Increasing allocations to private infrastructure in both private wealth and institutional sectors.[04:56] Infrastructure's role in AI, energy transition, and supply chain optimization.[05:48] Interest rate impacts on infrastructure investments and risk classifications.[07:10] Core plus and value-add infrastructure offsetting interest rate pressures through growth.[08:07] How secondary market pricing and asset valuation have adjusted.[09:29] Breaking down valuation trends in power, transportation, telecom, and environmental assets.[09:57] Data centers and renewable energy—hot sectors with valuation risks.[10:53] Renewable energy valuation trends and cautious investment approaches.[11:48] Stable valuation trends in other infrastructure sectors.[13:14] Political impact on infrastructure investing, including policy shifts in the US and UK.[14:11] Infrastructure growth drivers—data telecom and renewable energy.[15:09] Challenges in expanding data center capacity, including power and water constraints.[15:39] Role of renewable energy tax credits in US policy and investment strategy.[17:02] Historical renewable capacity growth under different US administrations.[18:27] Low likelihood of drastic policy changes affecting renewable energy investments.[20:18] Fundraising challenges and market dynamics in infrastructure.[21:20] Expectations for improved fundraising conditions in 2025.[22:43] How difficult fundraising conditions benefit co-investment strategies.[23:11] Brent's positive outlook for deal flow in 2025 and accountability joke.[23:39] Alex highlights Raw Selection's executive search services for private equity firms.[24:07] Hamilton Lane's evergreen funds expanding access to private infrastructure investments.[24:35] Benefits of infrastructure investments—income, appreciation, and diversification.[26:54] Brent shares his favorite books, podcasts, and influences.[27:21] Recommended business podcasts, including Dry Powder and In Good Company.[27:49] Interest in psychology and behavioral economics through Hidden Brain.[28:49] Books Brent is reading: Atomic Habits, The Comfort Crisis, and Empire of the Summer Moon.[30:41] A mix of professional and entertainment reading for learning and growth.[31:08] How to connect with Brent on LinkedIn for further discussions.[32:02] Closing remarks and thanks to listeners of The Private Equity Podcast. Thanks for listening! Connect with Brent Burnett hereSubscribe on iTunes or Spotify. For questions, email alex.rawlings@raw-selection.com.  

Today on Dry Powder, we're sharing a live recording from this year's NEXUS conference in Orlando, Florida. My guest is Brian Bernasek, Co-Head of Americas Corporate Private Equity at Carlyle. We had a wide-ranging discussion about his market outlook for 2025, how he thinks about sector expertise at scale, the rising cost of alpha, and, of course, AI. Our conversation touches on many of the key themes in Bain's Global Private Equity Report, which we've linked to below, but Brian is one of those rare investors who can actually bring these themes to life. Read Bain's 2025 Global Private Equity Report, here.

George Schultze looks at inflation risks and the unemployment rate as the Fed signals it will keep rates higher for longer. He points out political volatility roiling the markets, especially around government funding. He recommends a more cautious approach, keeping cash as “dry powder” and focusing on short selling opportunities. His stock picks include Vistra Energy (VST). ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-... Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-... Watch on Sling - https://watch.sling.com/1/asset/19192... Watch on Vizio - https://www.vizio.com/en/watchfreeplu... Watch on DistroTV - https://www.distro.tv/live/schwab-net... Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

As we approach the end of 2024, sparks of life are emerging in private markets, fueling optimism for improved liquidity and a revitalized investment landscape. Join Executive Director of Investment Research Andrew Korz and Research Associate Alan Flannigan as they examine private markets and the outlooks for private equity, private credit and commercial real estate in 2025. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.For more research insights go to FSInvestments.com https://bit.ly/m/fsinvestments

In episode 8, Julie talks to Ignacio Jayanti, CEO of private equity firm Corsair Capital, which spun out of J.P. Morgan Chase in 2006. Before that, Jayanti had been on the investment team of the predecessor Corsair funds and managed the operations of the business for almost a decade. Jayanti covers a lot of ground in this conversation, including how the model of private equity buyouts that took shape from about 2000 to 2021 depended on a growing number of potential PE acquirers for companies and a never-flagging IPO market where PE could cash in on investments. But he thinks that IPOs will remain “subdued” and that sweeping changes in the public markets since the early days of PE have added a lot of volatility and risk to this exit strategy. Private equity firms can no longer count on selling their companies to competitors either. That bit was founded on cheap money and constant deal making, says Jayanti. Money is no longer cheap — and deals have slowed dramatically. In particular, tune in to hear Jayanti's view of all that dry powder — commitments from investors — that has accumulated at private equity firms. That will “reach its end of life…  some time over the next three years,” he says. The industry must be watching and trying to forecast what investors will do at that point. They have every right to walk away from unfunded commitments. And if they do the industry will contract dramatically. “I'm just highlighting the fact that there's a very long cycle and rhythm to this market of fundraising and deployment and exiting, which has been very significantly affected to the point where there could be a period of time where the next upturn is actually quite a bit further away in terms of aggregate market size. Ignacio touches on plenty of other topics as well, including a nuanced discussion about due diligence that you may not have heard before and the transformation that secondaries could kick off (in a good way.) Thanks for listening. And let me know what you think, what questions I didn't ask, and when I should have pressed for more. My email is open: jsegal@institutionalinvestor.com.

Today marks the launch of a new show on Alt Goes Mainstream: Going Public with Evercore's Glenn Schorr.17 years ago, there wasn't a single alternative asset manager that was part of the public markets. Today, not only are a number of the industry's largest firms public, but in 2024, the industry's largest alternative asset manager, Blackstone, entered the S&P 500.Understanding the inner workings, strategic moves, and financial performance of the industry's largest players can help to explain many of the trends that are making alternatives become mainstream and these firms become mainstays in the financial services ecosystem.Going Public will make private markets more public with expert analysis.Glenn Schorr is a Senior MD and Senior Research Analyst at Evercore ISI, where he covers brokers, banks, asset managers, and trust banks as an analyst. He has covered financials since 2000 and started coverage of alternative asset managers when the first firms went public.He's consistently come up as one of the most thoughtful and well-respected analysts in the space. He balances deep research with a creative flair (just read one of the titles of his research reports and you can see his love of the game). He's been named to Institutional Investor's All-America Research Team for his coverage, most recently ranking #2 and runner up in 2023, #1 and #2 in 2022. Prior to Evercore, Glenn was a Senior MD at Nomura, serving as the lead financials analyst. Listen in as Glenn shares market stories, the evolution of alternative asset managers as businesses, the biggest and most exciting trends in private markets based on what the industry's largest players are doing, and we go “around the horn” for his analysis on the publicly traded firms. Show Notes00:38 Introduction to the Going Public Series and award-winning Wall Street Analyst, Glenn Schorr01:54 Glenn's Career Journey03:08 The Early Days of Alts Managers Going Public03:26 Skepticism and Challenges in Going Public04:06 Investor Skepticism and Challenges07:00 Transformation and Tipping Points09:03 Structural Tailwinds and Market Trends10:57 The Decision to Go Public vs. Staying Private12:39 Ambition and Vision in Asset Management14:51 The Distribution vs. Manufacturing Debate17:03 Lessons from Traditional Asset Management18:55 Discipline and Growth in the Alts Market20:03 The Future of Public and Private Markets20:50 The Role of Distribution in Asset Management21:59 Success Stories and Acquisition Strategies23:02 Manufacturing Competency vs. Acquisitions24:40 The Rise of Private Markets26:07 How Alternative Managers Make Money27:02 Valuation Factors for Alternative Managers28:44 Profitability and Margins in Asset Management29:23 Building a Business: Costs and Competitive Advantages29:50 The Moat of Success in Business30:15 Challenges for Traditional Asset Managers30:56 The Importance of Vision and Technology31:22 Scaling a Business with Proven Success31:40 Insurance Asset Management: Strategic Moves and Structural Advantages32:17 Structural Advantages in Asset Management33:05 The Rise of Private Credit Managers34:43 The Impact of Interest Rates on Private Credit Managers35:32 Navigating Rate Sensitivity in Capital Markets38:25 Deployment and Monetization in Asset Management39:08 The Challenge of Dry Powder in Private Equity41:14 The Role of Deployment in Investment Success41:46 The Resilience of Publicly Traded Alts Managers43:26 Spotlight on Blackstone's Growth and Innovation46:38 KKR's Global Expansion and Innovation48:41 Apollo's Market Leadership and Challenges50:11 Blue Owl's Strategic Investments and Challenges53:56 TPG's Public Transition and Growth55:11 Carlyle's Progress and Future Challenges56:11 Looking Ahead: Key Trends and ExpectationsDisclosuresEvercore ISIGlenn SchorrCompany Coverage and DisclosuresTicker      CompanyAPO         Apollo Global Management, Inc.BAC         Bank of America CorporationGlenn Schorr holds a long position in equity securities of Bank of America Corporation.BK            Bank of New York Mellon Corp.Glenn Schorr holds a long position in equity securities of Bank of New York Mellon Corp.BLK          BlackRock, Inc.Glenn Schorr holds a long position in equity securities of BlackRock Inc.BX            Blackstone, Inc.Blackstone, Inc. is a client of Evercore LLC, and Evercore LLC has provided investment banking services to Blackstone, Inc. in the last 12 months.Evercore ISI or an affiliate expects to receive or intends to seek compensation for investment banking services from Blackstone, Inc. within the next three months.An employee, employee's immediate family member, director or consultant of Evercore ISI or one of its affiliates (but not the covering research analyst or a member of the covering re advisory board member of Blackstone, Inc..Evercore ISI or an affiliate has received compensation from Blackstone, Inc. for investment banking services in the last 12 months.Analyst has a financial interest in a private equity fund managed by Blackstone, Inc.Glenn Schorr holds a long position in equity securities of Blackstone, Inc.OWL         Blue Owl Capital, Inc.Evercore ISI or an affiliate has acted as a manager or co-manager of a public offering of securities by Blue Owl Capital, Inc in the last 12 months.Blue Owl Capital, Inc is a client of Evercore LLC, and Evercore LLC has provided investment banking services to Blue Owl Capital, Inc in the last 12 months.Evercore ISI or an affiliate has received compensation from Blue Owl Capital, Inc for investment banking services in the last 12 months.BSIG        BrightSphere InvestmentC               Citigroup, Inc.An employee, employee's immediate family member, director or consultant of Evercore ISI or one of its affiliates (but not the covering research analyst or a member of the covering re advisory board member of Citigroup, Inc.Glenn Schorr holds a long position in equity securities of Citigroup, Inc.BEN          Franklin Resources, Inc.Glenn Schorr holds a long position in equity securities of Franklin Resources, Inc.GS            Goldman Sachs Group Inc.IVZ           Invesco Ltd.JPM        &nb...

This latest series accompanies the 2nd edition of The Startup Lexicon, which is a guide to the words, phrases, jargon and terminology used in the startup and tech world. In each episode Eamonn and I will discuss 3-4 key words that are crucial to the understanding of the world of start-ups.  In today's episode, we discuss what the word Lexicon itself means  and we then cover the terms Anthropomorphism, Capital Call, Dry Powder, Climate Tech and Deep Tech.If you have any comments regarding these terms, please contact us via LInkedin on: https://www.linkedin.com/in/kenvalledy/https://www.linkedin.com/in/ecarey/Finally, if you would like to purchase The Startup Lexicon (2nd edition), the relevant links can be found below:Amazon (UK) https://amzn.eu/d/ctvjUaR Amazon.com https://a.co/d/8gHYtHt Amazon.com (US Edition): https://a.co/d/4smyBeDWaterstones https://www.waterstones.com/book/the-startup-lexicon-second-edition/ken-valledy/eamonn-carey/9781915483607 Wordery: https://wordery.com/the-startup-lexicon-ken-valledy-eamonn-carey-9781915483607?cTrk=MjA1NDI2MjM2fDY2YzRlNjYwZWI2ZmU6MTozOjY2YzRlNjU5NjcyZWM0Ljg3ODIyNDc4OjlhMDQyNTU5EBookApple: https://books.apple.com/gb/book/the-startup-lexicon-second-edition/id6569249804Google Play: https://play.google.com/store/books/details?id=RqgVEQAAQBAJKobo : https://www.kobo.com/gb/en/ebook/the-startup-lexicon-second-editionBarnes and Noble: https://www.barnesandnoble.com/w/the-startup-lexicon-second-edition-us-edition-ken-valledy/1145958543;jsessionid=88A3F6BE44211AF639AC79C870B4C027.prodny_store02-atgap06?ean=2940185721148 And finally a big thank you to the Right Book Company https://www.therightbookcompany.com/ for their ongoing support in making this dream of actually writing a book become a reality.

In this week's episode, we give a temperature check on the CRE market, as we cover bank stress testing, buying opportunities from dry powder, the latest CPI data, and new originations. We also share some big office lease stories, a bank earnings preview, an update on short-term rentals, multifamily and office loan-to-value data, and mall loan stories. And, we cover 7-Eleven's CMBS exposure, in honor of recording on 7/11. Tune in now. Episode Notes: - 7-Eleven (0:23) - Macro update: CPI and the Fed (3:35) - Buying opportunity in CRE: maturities and dry powder (8:09) - Big office leases (12:01) - Lease renewals (16:32) - Bank Earnings preview (19:05) - CMBS issuance and new originations (25:10) - Multifamily and office LTV (27:48) - Short-term rentals (30:07) - Mall tenants downsizing and loan extensions (38:50) - Shoutouts (44:06) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp

In this week's episode of The TreppWire Podcast, we break down the resurgence of major commercial real estate players and their capital allocation strategies. We provide the latest data on bank CRE loan and CMBS delinquencies, explore trends in the office SASB market, and share insights on office sales, including properties listed on auction sites. Tune in now. Episode Notes: Blackstone commit to deploy $65 billion dry powder (1:25) Malls into minicities (5:33) Superregional mall feud (9:02) Banks dumping real estate loans (13:50) Bank CRE loan performance and CMBS delinquencies (18:12) Mezzanine lender intervenes on Gas Company Tower (26:35) Online office auction (29:15) Large apartment acquisition (33:05) SASB office market (36:22) Shoutouts (43:35) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp

Jim Strang, chairman of HgCapital Trust, joins us for a wide-ranging conversation about the future of the private equity industry.If you'd like to stay up to date with my weekly series on LinkedIn, follow me here.

Welcome back to The Muni 360 Podcast from New York Life Investments. Join us as the seasoned, active investors at MacKay Municipal Managers provide valuable insights into the highly fragmented, complex, and inefficient municipal bond market. Follow UsTwitter @NYLInvestmentsTwitter @MacKayMuniMgrsFacebook @NYLInvestmentsLinkedIn: New York Life InvestmentsLinkedIn: MacKay Municipal ManagersPresented by New York Life Investmentswww.newyorklifeinvestments.comMacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

In this episode of HR Heretics, Nolan and Kelli chat all things “data from Carta” with Peter Walker, Head of Insights and Data Storytelling at Carta.They discuss Carta's comprehensive report on startup compensation trends in H2 of 2023 influencing the flow of “dry powder” and the alarming increase in startup shutdowns. Peter proves VC's will have less leeway in 2024 to throw good money after bad forecasting an even tougher year ahead.The team also discuss honesty in HR around equity structures, including liquidation preferences, and Peter offers advice for job candidates on evaluating startup offers with an investor's mindset. HR Heretics is a podcast from Turpentine.Share this with your friends, forward to your enemies. Hit subscribe now.This episode is brought to you by AttioAttio is the next generation of CRM. It's powerful, flexible and easily configures to the unique way your startup runs, whatever your go-to-market motion. The next era deserves a better CRM. Join OpenAI, Replicate, ElevenLabs and more at https://bit.ly/AttioHRHereticsKEEP UP WITH PETER, NOLAN, + KELLI ON LINKEDINPeter: https://www.linkedin.com/in/peterjameswalker/Nolan: https://www.linkedin.com/in/nolan-church/Kelli: https://www.linkedin.com/in/kellidragovich/TIMESTAMPS:(00:00) Intro: Peter Walker and Startup Compensation Trends(00:39) VC in 2023: Dry Powder and Capital Deployment(03:02) 2023's Investment Distribution: Early vs. Late Stage(07:43) Startup Shutdowns and Future Predictions(11.13) Sponsor Ad: Attio CRM(12:09) The M&A Market for Startups(15:05) The Impact of the Economic Shift on Startup Hiring and Industry Trends(21:59) Job Offers in Today's Market(22.30) Valuations and Equity in Job Negotiations(24:07) Key Questions Candidates Should Ask About Equity(25:34) Understanding Equity and Liquidation Preferences(27:59) Transparency in Startup Equity(30:17) Educational Resources and Support for Job Candidates(34:22) Options vs. RSUs in Late-Stage Companies(37:35) Startup Compensation(41:21) The Equity Dilemma: Exercising Options and Market Realities(42:32) Post termination Exercise Window(43:49) Wrap This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hrheretics.substack.com

Subscribe to my newsletter The Split for new episodes emailed every week: https://www.thespl.it/ Brought to you by Attio, the next generation of CRM: https://bit.ly/AttioThePeel Peter Walker is Head of Insights at Carta and writes a newsletter called “The Data Minute”, a weekly newsletter highlighting data from over 43,000 private tech companies that use Carta's platform to manage their cap table. He gives us into a deep dive on VC valuation trends, the fundraising landscape, and startup strategies. Timestamps: (00:00) Intro (04:50) Valuation trends in 2023 (08:10) Why Seed valuations went up over the past two years (12:27) AI startups are getting higher valuations (17:40) Why Biotech might be the next big bubble (19:15) Boston as the 2nd largest VC ecosystem (21:15) How SAFE's work (24:06) The impending SAFE reckoning (26:13) Why startups don't pay dividends (28:31) Downrounds were 2x more common in 2023 (32:11) Almost half of all 2023 Series As were extensions (35:34) Is there really a lot of dry powder? (40:43) The emerging manager fundraising landscape (48:19) Exit environment (51:45) Why pre-Series B is the most common acquisition stage (52:47) Liquidation preference & why an acquisition at Seed might make a founder more money than at a Series B (55:59) Compensation market data (56:38) Why the number of total startup employees shrank in 2023 (57:38) Why startup employees aren't exercising their options (1:00:57) Health of the secondary markets (1:04:51) Most co-founder splits aren't 50/50 (1:06:47) Why you should always vest co-founder equity (1:09:30) 2023 record year for startup shutdowns (1:17:19) Will other startup ecosystems ever catch Silicon Valley? Links: Carta's Q4 ‘23 Private Market Report: https://carta.com/blog/state-of-private-markets-q4-2023/ Peter's Newsletter: https://carta.com/subscribe/data-newsletter-sign-up/ Where to find Peter: Twitter: https://twitter.com/PeterJ_Walker LinkedIn: https://www.linkedin.com/in/peterjameswalker/ Where to find Turner: Twitter: https://twitter.com/TurnerNovak LinkedIn: https://www.linkedin.com/in/turnernovak/ Newsletter: https://www.thespl.it/

This Week in Startups is brought to you by… OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at http://www.openphone.com/twist Lemon.io - Hire pre-vetted remote developers, get 15% off your first 4 weeks of developer time at https://Lemon.io/twist Northwest Registered Agent. When starting your business, it's important to use a service that will actually help you. Northwest Registered Agent is that service. They'll form your company fast, give you the documents you need to open a business bank account, and even provide you with mail scanning and a business address to keep your personal privacy intact. Visit http://www,northwestregisteredagent.com/twist to get a 60% discount on your next LLC. * Todays show: David Weisburd hosts Grady Buchanan, Victor Gutwein, and Jason Calacanis to discuss dry powder in VC (1:38), VCs rating VCs (14:22), a study on whether returns persist in venture capital (29:33), and much more * Timestamps: (0:00) David Weisburd hosts Grady Buchanan, Victor Gutwein, and Jason Calacanis (1:38) VC dry powder levels, cash management by GPs, and investment pace adjustments. (12:57) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist (14:22) The importance of GP selection for LPs, VC firm ratings, and the impact of relationships in the VC ecosystem (28:30) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist (29:33) Performing due diligence on funds and the persistence of VC Returns (42:00) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist (51:41) Rapid-fire segment on top recent investments * Mentioned on the show: ⁠https://www.corraltech.com⁠ ⁠https://www.hydeparkvp.com⁠ ⁠https://deciens.com⁠ ⁠https://www.rallyventures.com⁠ ⁠https://pavewisepro.com⁠ ⁠https://selffundhealth.com⁠ https://www.deeptrustai.com * Follow Grady: LinkedIn: https://www.linkedin.com/in/gradyb/ Check out: https://nvngia.com/ * Follow Victor: X: https://twitter.com/lalayak LinkedIn: https://www.linkedin.com/in/victor-gutwein Check out: https://m25vc.com * Follow David: X: https://twitter.com/DWeisburd LinkedIn: https://www.linkedin.com/in/dweisburd Check out: https://10xcapital.com * Follow Jason: X: ⁠https://twitter.com/jason⁠ Instagram: ⁠https://www.instagram.com/jason⁠ LinkedIn: ⁠https://www.linkedin.com/in/jasoncalacanis * Thank you to our partners: (12:57) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist (28:30) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist (42:00) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist * Check out the Launch Accelerator: https://launchaccelerator.co * Check out Founder University: https://www.founder.university * Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason's suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups * Subscribe to the Founder University Podcast: https://www.founder.university/podcast

Featured Guests: Allison Byers, founder & CEO, Scroobious | Paul Le Floch, co-founder & CEO, Axoft | Amy Wu, partner, Menlo Ventures The techno-optimist movement is building momentum (and political influence), Elon Musk announces that Neuralink has performed its first successful human surgery, and venture capitalists are sitting on over $300 billion dollars of dry powder. Read our newsletter: https://venture-daily.beehiiv.com/subscribe

This episode we are joined by actor and filmmaker Tom Riley!  Tom was last seen on stage in the National Theatre's production of Dancing at Lughnasa.  Tom is best known for playing Leonardo Da Vinci in Da Vinci's Demons and made his Broadway debut playing Septimus Hodge in Arcadia.  He has a long list on theater credits and made his directing debut with his film The Toll Road.  We talk with Tom about his theater career, The Toll Road, his Broadway experience and much more!*This episode of recorded at the very beginning of the actors strike*

Episode 1 of 2024. Enjoy. --- Support this podcast: https://podcasters.spotify.com/pod/show/samuel-engelman/support

Engine troubles and financial crisis have pushed Go First airline to a point-of-no-return. Its sole potential buyer, Jindal Powers Ltd, has backed out of bidding for the grounded airline. The budget carrier looks all set to follow 12 other airlines which have flown into obscurity in the last ten years. Foreign shores too are no less ominous for airlines. But why do so many promising airlines go bust?  Notwithstanding some airline busts, India has become the third-largest domestic aviation market in the world. Boeing recently announced that it will set up its largest facility outside the US in Bengaluru. Another US giant, Apple, too has emerged as the face for foreign manufacturing in India. Clearly, India is aggressively pitching itself as an Asian alternative to Chinese manufacturing. But while it has come a long way, India clearly has a long road to cover?  Let us now see what is happening in the world of digital currencies. Bitcoin has more-than-doubled investor money so far in 2023. However, it is expected to witness the famous ‘Halving Event' in April 2024, where the value of the currency nearly halves but sees multi-fold rise in months ahead. So, will Bitcoin be able to hold on to its dream run in 2024?  After plowing billions of dollars into the cryptocurrency market, venture capitalists are believed to be sitting on dry powder, waiting for the right time. They have turned circumspect on startups too. But exactly what is dry powder? Listen to this episode of the podcast for answers. 

Today on the show, I have a lively conversation with Ashby Monk, the executive director of the Stanford Research Initiative on Long Term Investing. Ashby studies the inner workings of pension funds, sovereign wealth funds, endowments and foundations —  in short all of those LPs that sit somewhere in between the public and private sectors.“That means that they are optimizing for things that are not entirely evident to just the casual observer,” Ashby says.In this episode of Dry Powder, I ask Ashby to take us inside the $140 trillion universe of long-term investing and help us understand what exactly these organizations are optimizing for.If you'd like to stay up to date with my weekly series on LinkedIn, follow me here.

On this week's episode, Mark looks at the financial condition of the government and of American citizens on the cusp of the next recession. The financial condition of the United States Treasury, the Federal Reserve, and the American citizenry is weak; debt is high and rising, and this is very worrisome in an economic environment of rising interest rates and a weakening global economy. Please share this episode with a curmudgeon. The U.S. Debt Clock: USDebtClock.org Be sure to follow Minor Issues at Mises.org/MinorIssues.

On this week's episode, Mark looks at the financial condition of the government and of American citizens on the cusp of the next recession. The financial condition of the United States Treasury, the Federal Reserve, and the American citizenry is weak; debt is high and rising, and this is very worrisome in an economic environment of rising interest rates and a weakening global economy. Please share this episode with a curmudgeon. The U.S. Debt Clock: https://USDebtClock.org Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

On this week's episode, Mark looks at the financial condition of the government and of American citizens on the cusp of the next recession. The financial condition of the United States Treasury, the Federal Reserve, and the American citizenry is weak; debt is high and rising, and this is very worrisome in an economic environment of rising interest rates and a weakening global economy. Please share this episode with a curmudgeon. The U.S. Debt Clock: USDebtClock.org Be sure to follow Minor Issues at Mises.org/MinorIssues.

In Europe and around the world, rising interest rates and falling valuations are impacting many commercial property sectors still reeling from the aftereffects of the pandemic, as well as secular changes in the way occupiers use real estate. Shrewd investment managers can help identify which assets, on a case-by-case basis, can result in the greatest returns and which property sectors are likely to pose the lowest risk going forward. In this episode, Marc Fuhrmann, principal and head of real estate of Arrow Global, returns to speak with Jonathan Brasse, editor-in-chief, real estate at PEI Group, about trends in the ever-changing private equity real estate markets. This episode is sponsored by Arrow Global

(0:00) Bestie intros: Friedberg's bad haircut (1:17) Welcome BG^2! Biography recommendations and film talk (22:27) VC market update: State of Series A's (33:43) Dry powder misconceptions, marking incentives (48:57) IPO window starting to open, IPO down rounds, incentives to go public (1:03:17) Cyclical venture cycles, managing distributions, benchmarking VC performance vs public market (1:22:26) Tragic Maui wildfires, extreme temperatures (1:26:11) Macro picture: inflation cools, deflation risk? Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg https://twitter.com/altcap https://twitter.com/bgurley Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://youtu.be/xmYekD6-PZ8 https://www.amazon.com/Setting-Table-Transforming-Hospitality-Business/dp/0060742755 https://www.amazon.com/Steve-Jobs-Walter-Isaacson/dp/147770146X https://www.amazon.com/Elon-Musk-Spanish-Walter-Isaacson/dp/B0CBTHK86N https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0066620996 https://www.amazon.com/Man-Arena-Selected-Writings-Roosevelt/dp/0765306700 https://www.amazon.com/Shoe-Dog-Memoir-Creator-Nike/dp/1501135910 https://www.amazon.com/Alexander-Hamilton-Ron-Chernow/dp/1594200092 https://www.amazon.com/Something-Autobiography-Vintage-Akira-Kurosawa/dp/B0C3D5NDJX https://www.amazon.com/Born-Standing-Up-Comics-Martin/dp/B017QUU3EO https://www.amazon.com/Writing-Memoir-Craft-Stephen-King/dp/1439193630 https://www.amazon.com/Autobiography-Malcolm-told-Alex-Haley/dp/0345379756 https://www.linkedin.com/posts/peterjameswalker_cartadata-seriesa-valuations-activity-7092542118803488768-vOcY https://www.theinformation.com/articles/venture-firms-still-writing-small-checks-despite-271-billion-in-dry-powder https://twitter.com/bgurley/status/1688605654188224512 https://finance.yahoo.com/chart/SN https://www.google.com/finance/quote/CAVA:NYSE https://finance.yahoo.com/quote/SRFM https://twitter.com/altcap/status/1686086247029055489 https://www.wsj.com/articles/university-endowments-mint-billions-in-golden-era-of-venture-capital-11632907802 https://www.youtube.com/watch?v=Hhy7JUinlu0 https://twitter.com/gokulr/status/1680006171149869056 https://www.statista.com/statistics/277501/venture-capital-amount-invested-in-the-united-states-since-1995 https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm https://www.bloomberg.com/news/newsletters/2023-08-10/disinflation-wave-the-bloomberg-open-americas-edition https://www.nytimes.com/2023/08/09/business/china-economy-inflation.html https://twitter.com/KobeissiLetter/status/1689010884062904320

EPISODE 1647: In this regular weekly show with THAT WAS THE WEEK newsletter author Keith Teare, Keith explains why the venture capital ecosystem is in crisis but is more hopeful about Substack reinventing the online media ecosystem. Keith Teare is a Founder and CEO at SignalRank Corporation. Previously he was Executive Chairman at Accelerated Digital Ventures Ltd - A UK based global investment company focused on startups at all stages. He was also previously founder at the Palo Alto incubator, Archimedes Labs. Archimedes was the original incubator for TechCrunch and since 2011has invested, accelerated or incubated many Silicon valley startups including InFarm, Miles, Quixey; M.dot (sold to GoDaddy); chat.center; Loop Surveys; DownTown and Sunshine. Teare has a track record as a serial entrepreneur with big ideas and has achieved significant returns for investors. Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children. Learn more about your ad choices. Visit megaphone.fm/adchoices

Contents Editorial: Dry Powder? Essays of the Week Dry Powder is not About to be Invested Down Rounds Should Be Led by Entrepreneurs Why Bill Gurley & Josh Wolfe Think VCs Won't Deploy All Their Dry Powder Anytime Soon ‘Tidal Wave' of Down Rounds Hits Startups Global Venture Funding In July Was Second-Lowest This Year As Seed Startups Are Hit Hard   VC Optimism Returning But More Pain Ahead In Their Portfolios AI of the Week OpenAI Shoots To No. 1 Spot On Private Cloud Startup Ranking, Underscoring AI's Sudden Ascendency Generative AI Is Making Companies Even More Thirsty for Your Data Money on Autopilot: The Future of AI x Personal Finance Apple seeks to bolster expertise in generative AI on mobile devices AI Won't Replace Humans — But Humans With AI Will Replace Humans Without AI Cloudflare as a Leader in AI? + Q2 Results News Of the Week Yaccarino Says Advertisers are Coming Back to X in First Major Interview as CEO Five months ago Crunchbase vowed to try and avoid layoffs. Since then A.I. has changed everything WeWork's going concern warning is a reminder that VC and low-margin business don't mix Startup of the Week A better internet for readers X of the Week Twitter for Sale by X --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

One of the exciting parts of working with startup companies is working with founders who start with an idea, gather a group of like-minded, passionate individuals, and then make the vision come true.  I am your host Kevin Blevins, and today I'm thrilled to welcome back to our show Aleksey Matyushev, co-founder and CEO of Natilus. Natilus is a company that produces autonomous cargo aircraft, aiming to revolutionize the global air freight business. Aleksey has participated in an earlier Siemens Pioneers podcast posted back in January of 2021, and now we've invited him back to discuss all the exciting changes at Natilus over the last two years. In this episode, he shares the company's remarkable journey over the past two years. We learn about their growth in personnel, the expansion of their physical facilities, and their progress in building a full-scale prototype. Aleksey also discusses the challenges they've faced, including the pilot shortage and supply chain issues, and how they've navigated through them. He highlights the importance of technology, efficient team structures, and partnerships with key suppliers in overcoming these challenges. The conversation also touches upon Natilus' plans, potential product expansions, and the significance of sustainability considerations What You'll Learn in this Episode: How the pandemic impacted the startup ecosystem (4:59) The recent Silicon Valley Bank collapse and its effect on startup funding (7:44) The concept of "Dry Powder" in the aviation industry (12:47) How long it takes to raise money for a startup and the funding process (17:34) Natilus' focus on developing cargo aircraft in the aviation market (19:16) Natilus' relocation from San Francisco to San Diego (28:52) Challenges faced by Natilus in the last two years, including supply chain issues (37:42) Advice from Aleksey to fellow entrepreneurs (52:09) Connect with Aleksey Matyushev LinkedIn Website Connect with Kevin Blevins LinkedIn

Sam Burns, the chief strategist at Mill Street Research, joins Maggie Lake to discuss the significance of the lineup of central bank rate decisions this week and analyze some recent economic data out of China. Plus, Sam will share which parts of the world he believes are ripe for investment. You can find more of Sam's work here: https://www.millstreetresearch.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

On the previous episode of Dry Powder, Ian Charles, managing partner at Arctos Sports Partners, took us inside his approach to sports investing. It was a master class in sector specialization and value creation that you don't want to miss, but Ian has always tended to go after nonobvious opportunities.“I grew up in a small town in Alaska,” he says. “One of the things that you always heard as a kid was if you go out on the frozen lake, make sure you're not around too many of your friends. It's actually safer to be all alone.”Today on the show, I ask Ian how he helped bring about a series of innovations in the secondaries market at Arctos, which launched a new strategy this week expanding into broader private markets. We'll reflect on the creative transaction structures that have made secondaries more accessible and efficient.I've also started a series of weekly posts on LinkedIn, which you can follow here.

Renmac discuss why our elevated yield impact model and seasonality favors keeping some dry powder, but not the same type found in the White House this week. How cocaine-gate is overshadowing the “Bidenomics” push? Why the latest payroll print shows no signs of recession and is unlikely to prevent the Fed from hiking two more times this year? All in today's episode.

ASMR Ear Massage (No Talking) dry, powder, gel pad, tapping, scratching Hosted on Acast. See acast.com/privacy for more information. --- Support this podcast: https://podcasters.spotify.com/pod/show/jiom4/supportAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Christian Sinding, the CEO and managing partner of EQT Group, joins us for our first live recording. We explore when deal markets will finally stir to life and how EQT takes intelligent risks in a period of overwhelming of uncertainty.

Jon Sakoda, a founder at Decibel Partners who built a career in venture capital, shares his insights into the health of the venture capital industry and why founders shouldn't worry about macroeconomics if they want to raise money or start a company this year.For more on Jon Sakoda and show notes: https://www.shopify.com/blog/jon-sakoda-venture-capital

What did Mary Ann and Natasha and Alex dive into? Here's the rundown:A quick update on TikTok: The CEO of the popular social media service went before Congress today. It was a pretty darn hostile meeting. Alex caught a chunk of it live, and also has a few thoughts on the matter.From there it was time for our 'deals of the week' section, which today included Duolingo's new music product, a new DAO fund, and the latest eToro investment.Then it was time to talk payroll. We started with the Rippling deal to raise $500 million during the SVB crisis, and then discussed the larger HR tech space, which is both bigger and valuable than we realized.We closed with AI. So, so much AI. Everyone and their least favored parental unit is building a large language model, and TechCrunch is busy covering in all their glory, or lack thereof.Whew! What a week. The show is back Monday morning. We'll see you there.For episode transcripts and more, head to Equity's Simplecast website. Equity drops at 7:00 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!

After more than a decade of near zero interest rates, it is now possible to earn some income from cash and short-term investments. But where should you park your cash? There are many options from bank accounts to money market funds to bonds. Each come with their own benefits, risks and quirks. But why we would even hold cash? And what makes 2023 a potentially lucrative environment for short-term investments? And in today's Dumb Question of the Week: What is a bank? Get in touch

Behind the scenes at Davos, attendees were coming to terms with a fracturing world, a cascade of risks and, despite it all, a silver lining.Today on Dry Powder, Karen Harris, managing director of Bain's Macro Trends Group, shares her key insights from Davos and how private equity investors are dealing with the emergent risks and opportunities of a multipolar world.Listen to her previous appearances on Dry Powder, below:Macro Risks: Everything, Everywhere, All at Once Macro Risks: Keep It Simple

Here's what Natasha got into now that she's back in The Bay:Big tech: Real quick, you should know that Elliott Management took a multi-billion stake in Salesforce, while Thoma Bravo scooped up a digital forensics company for $1.34 billion. Beyond that, the big tech news this week is Microsoft's multi-billion dollar, multi-year investment in Open AI. The extended partnership comes with lots of resources, quirks and legal headaches. Big idea: we're still thinking about this Anna Heim analysis, "The mirage of dry powder."  Natasha talks about wet capital and failed capital calls, as to contextualize (not shut down!) some of the optimism in the market right now. (Use code "EQUITY" for 50% an annual TC+ membership).Big innovation (or in this case, reductions): Google's in-house incubator, Area 120, was severely impacted by Alphabet layoffs and Spotify cut 6% of staff, two layoff stories that had us thinking all about the fact that tech seems to have forgotten its umbrella. We end with tongue-twister note on Quordle, which just got scooped up by Merriam-Webster. As always, you can support Natasha by following her on Twitter and Instagram. The show also tweets from @equitypod, so follow us there!Equity drops at 10:00 a.m. PT every Monday and at 7:00 a.m. PT on Wednesdays and Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together, and more!

Here, Scott discusses private equity having $1.2 trillion in dry powder, financing becoming more and more challenging, and the movement towards small or midsize deals.

This week the guys consider whether crypto is dying, what to do during a low-volume week, and whether Twitter is screwed or on the right path with Elon at the helm. Check out Tim at thelibertyadvisorshow.com! Head over to tradearies.com/cashdaddies for the big $100 promotion! Visit https://www.patreon.com/cashdaddies to subscribe to the Cash Daddies Patreon. Cash Daddies on social media: https://lnk.bio/d1sj/ Check out Sam's dates: https://samtripoli.com/events/  

INvested Series: Melissa is the CEO of Lighter Capital, the leader in revenue-based financing for SAAS companies. As founder/CEO, Melissa sold two companies generating 10X+ returns to investors. She's been an angel investor and VC in the US and Australia. She's the chair of HeadsOverHeels, an organization supporting women entrepreneurs.TOPICS DISCUSSEDVenture capital strategies & revenue-based financing optionsExtending your runway with flexible non-dilutive growth capitalLeadership for challenging marketsWhere to find the “dry powder” (available cash in the market)Visit https://www.highgrowthventures.com.au/invested to download the white paper and for more insights and resources designed specifically for startups and scale-ups. ……Connect with Marc >>>  Website | LinkedIn | Instagram | TwitterDrop a review and let me know what's resonating with you about the show!Thanks as always for listening and have the best day yet! Show Credits 

Tom welcomes a new and yet well-known guest, Grant Williams, to the show. Grant discusses how being flexible in mindset is important as in the world of social media, people can be quite dogmatic. Admitting your mistakes is key, as everyone is just trying to figure out the future. He is quite cautious about giving actionable advice because people may not understand how he came to his conclusions. Helping people come to their own decisions is better than simply telling people what to do. Jim Cramer is an example of someone who spews nonsense and provides generally bad advice every day. Everyone and everything today is at risk in these volatile times. People need to be aware. Things are changing and government's may intervene in ways that benefit them at your expense. There are plenty of pensions around the West that are carefully re-evaluating their risks given what happened in the United Kingdom. Many of these are vulnerable because they have taken on more risks to find returns. Grant discusses the importance of having a plan for positioning and exiting in markets, and why it's crucial to avoid emotion. The hubris of Fed officials is remarkable, and the fact they've raised interest rates four times demonstrates just how bad a job they've been doing. Gold is not completely safe from confiscation, but there are always places in the world where it will be used. Bitcoin is likely to be directly competing with Central Bank Digital Currencies at some point, and that may entail additional risks. Time Stamp References:0:00 - Introduction1:36 - Transitory Conclusions6:35 - Testing Your Ideas8:20 - Shifting Cycles & Risk14:03 - U.K. Cracks & Confidence19:10 - Dry Powder & Opportunity21:25 - Emotions & Trading26:12 - Confidence in Japan31:28 - Energy Prices & Crisis33:32 - Dollar Divestment38:14 - Existential Lines41:28 - Feds Extreme Hubris43:44 - Japan & Inflation?48:16 - Gold & Hedge Funds52:19 - Fiat Alternatives59:08 - Travel & Spending1:02:05 - Wrap Up Guest Links:Website: https://www.grant-williams.com/Twitter: https://twitter.com/ttmygh Grant Williams, much to his dismay, has logged over 35 years in finance. During that time, he's lived and worked in seven major financial centers from London to Sydney, building the kind of network that many others can only dream about. He began his career in the Japanese equity market in the mid-1980s, before a three-year posting to Tokyo ensured he had a ringside seat as the twin bubbles in equities and real estate burst simultaneously and spectacularly at the end of 1989. After a short stint back in London, Grant relocated once again, this time to New York, where he spent 7 years. Subsequent postings have taken him to Hong Kong, Sydney, Singapore, and the Cayman Islands. Currently, he is a senior advisor to Matterhorn Asset Management AG in Switzerland, and a portfolio and strategy advisor to Vulpes Investment Management in Singapore. Back in 2014, Grant's ambition to bring the most intelligent, engaging, and original people in finance to a wider audience led him to co-found Real Vision, an on-demand internet-based financial media platform. Grant's twin Real Vision interview series, In Conversation With… and On The Road, raised the bar for financial content – engaging and educating viewers in equal measure and helping them learn the secrets behind a group of extraordinary investors' success. Long before Real Vision, however, Grant was guiding people around the fringes of finance with his regular newsletter, "Things That Make You Go Hmmm…", a publication which, from humble beginnings as a daily note to a few friends and colleagues, has grown into one of the most widely read financial publications in the world.