E141: State of Series A's, VC dry powder, IPO window opens + more with Bill Gurley & Brad Gerstner

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