#12: A VC Therapy Session

Episode description

The Morins and the Lessins break down what is really happening in venture firms right now from liquidating venture stakes to fundraising. Plus, Chinese entrepreneurs’ secret AI confab and Jessica’s notes from Beijing.

Discussed:

Colin Robinson: The Life of an Energy Vampire - What We Do In The Shadows
Chamath Palihapitiya’s Venture Firm Offered to Sell Hundreds of Startup Stakes
Chip War: The Fight for the World's Most Critical Technology

Show Notes:

[00:02:30] Energy vampires.

[00:04:33] Otter.ai technology for efficient reporting.

[00:09:00] Recording everything and privacy.

[00:12:41] Is being a venture capitalist in Silicon Valley like being a tenured professor at a University?

[00:15:44] Venture capital feedback cycles and accountability.

[00:18:40] Choosing Jedi or General.

[00:23:01] Fundamental beliefs and investments.

[00:25:11] Zero Fund concept.

[00:29:07] VC leading indicators.

[00:31:27] LPs buying stakes in GPs.

[00:34:51] Mid-flight venture capital strategy changes.

[00:39:02] The future of AI in China.

[00:43:11] Centralized AI ownership in China.

[00:47:38] US entrepreneurs selling beauty products.

[00:50:09] Feedback and podcast rankings.