E1: Michael Kim, Jason Calacanis, and David Weisburd on VC marks, Keith Rabois back at Khosla, and more

Key Points

• Jason Calacanis and David Weiszberg discuss the importance of accurate venture fund valuations and the potential red flags when GPs don't mark down investments in a timely manner.
• Michael Kim emphasizes the significance of GPs being transparent and proactive with LPs about markdowns, noting it builds goodwill and trust in the venture capital community.
• The conversation highlights the complexities of LP-GP relationships, including the impact of public personas and social media activity of fund managers on their professional relationships and decision-making.