Liquidity

A podcast & yearly conference for LPs and GPs. Hosted by @Jason (fka The Angel Podcast & Angel Summit).

E9: Dave Mcclure & Jordan Stein on YC, "Spray and Pray", and Games VCs Play

E9 • Mar 29, 2024 • 86 mins

David Weisburd hosts Dave McClure, Jordan Stein, and Jason Calacanis to discuss the evolution of fund spaces. The discuss investing in the YC ecosystem (00:28), the role of secondary funds today(30:00), and the importance of betting on outliers (55:18).

Key Points

YC's batch sizes and the future of the accelerator model are key topics of debate, with concerns about the impact of increasing batch sizes on the quality and success of startups.
Secondary markets are gaining attention as an alternative path to liquidity, particularly for funds and individual investors seeking exits in a market with fewer IPOs and acquisitions.
The current venture climate indicates a slight uptick in capital call requests, signaling a potential return of VC bullishness and a shift towards renewed investment activity.

Speakers

David Weisburd

Guest • 5%

Dave McClure

Guest • 36%

Jason Calacanis

Host • 40%

Jordan Stein

Guest • 19%

Chapters

0:00	David Weisburd intros Dave McClure, Jordan Stein, and Jason Calacanis
0:28	Reddit's IPO adds to YC's track record of successful public listings
10:21	Mantle - Get your first 12 months free at https://withmantle.com/TWIST
11:39	Strategy of investing in YC ecosystem and the importance of entry point evaluation
18:40	YC's demo day and opportunities for other accelerators
26:12	Hubspot - Marketing Against the Grain https://www.youtube.com/watch?v=fMNgyVFsk4g https://lnk.to/h3vKHnTW
27:18	YC's demo day and opportunities for other accelerators cont.
32:24	Carta’s report the rise of capital call requests
39:15	Curotec - Check out http://www.curotec.com/twist and get $5000 off
40:26	The role of secondary funds in the current macroeconomic conditions and the potential for more company shutdowns
1:00:49	Betting on outliers and the decision-making process for doubling down
1:14:16	Lightning round: Top 3 investments from each guest
1:25:20	Discussing the upcoming https://www.liquiditypod.com/summit

Transcript

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