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

E12: Redpoint Ventures and Stepstone Group on VC Deployment, M&A, and Google's AI Strategy

E12 • Apr 19, 2024 • 66 mins

David Weisburd hosts Logan Bartlett, Hunter Somerville, and Jason Calacanis to discuss the current fundraising market, the potential of secondary markets, Google’s huge investment in generative AI, and much more!

Key Points

  • The fundraising market is challenging for new and smaller funds, but established, multi-billion-dollar platform brands are consistently meeting or exceeding targets due to their perceived safety and ability to accommodate large check sizes from big allocators.
  • AI's rapid innovation cycle, with generative AI models quickly superseding previous versions, presents a challenge for startups as they risk becoming obsolete; this could lead to AI becoming a commodity like fiber and storage, with the real value emerging from applications built on top of these technologies.
  • The venture ecosystem is experiencing a liquidity crunch, with IPOs at their lowest in decades and M&A activity hindered by regulatory scrutiny, underscoring the importance of secondary markets and strategic liquidity solutions for funds and companies.
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