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21 results for “public private funding”
Company10 mentions across episodes
Public
Concept3 mentions across episodes
funding
“Why public markets beat private funding for long-term entrepreneurs”
...is that the public market is absolutely enormous in terms of capital availability and capital depth, especially when you look at it on a global basis as as we do. And so you can acquire the right kind
20:02 / 20:44
market insight20:02 – 20:44
...public and private high growth technology companies. So the reason why I think this is so interesting for our audience is that it could, maybe, democratize venture capital and allow a greater pool of people to put capital into a fund that will back p
2:56 / 4:01
from transcript2:56 – 4:01
...public or private. So the only thing that's changed is instead of the being public and compounding nicely, and as I say, getting funded by low cost public mutual funds, it's private and getting funded by high cost venture funds. That's a weird outcom
59:58 / 1:01:01
from transcript59:58 – 1:01:01
Now, the continuously offered fund, I believe, means that it's gonna last for as long as it wants to. There's no set end date to it, Jason. And this is a a fund that has been registered under the SEC form n two. Now it's different than in VCs, and I
5:14 / 6:19
from transcript5:14 – 6:19
I did a second SPV in a software company called Monetate and raised a couple million bucks in it. Same way I funded it. And then after that, Jim Schneider, the former CFO of Dell, who was one of my early LPs in Bizar Boys, said to me, hey, I love wha
17:17 / 18:20
from transcript17:17 – 18:20
...policy failure because what's happened here is this. It is more attractive for companies to stay private and access capital from GPs who are paid 2 and 20 plus to make those investments than it is for those same companies to go public and access capi
59:15 / 1:00:22
from transcript59:15 – 1:00:22
I kept doing the SPVs and I kept writing the angel checks for an additional year until at which point I realized that I actually can institutionalize this approach. I set out to raise seed fund one. That was a $100,000,000 fund that I raised in 2018.
35:54 / 37:04
from transcript35:54 – 37:04
...public company if they're making 6,000,000,000 a year? Like, what are we talking about? Why are these companies private? Now I know they have a special situation because they're trying to do this Fugazi Fugazi nonprofit into a for profit thing.
21:43 / 22:48
from transcript21:43 – 22:48
...to manage a private asset firm. So people think, well, it's just people. And you don't you know, you manage a billion dollar fund, you don't need twice as many people to manage a $2,000,000,000 fund. That's true. We love that about the business becau
12:49 / 13:54
from transcript12:49 – 13:54
...as a public venture fund. For example, most of the AI revolution is being built and funded in the private markets. Companies like OpenAI, Anthropic, Databricks, these are incredible multi billion dollar companies, but they're inaccessible to 99% of i
1:11:11 / 1:12:18
from transcript1:11:11 – 1:12:18
...private choice would be, I'm not doing it. No. And I've I've in the meantime, I've been in contact with a lot of people who want to set up funds, and and and, I guess we were lucky because we had the opportunity to become a fund before we really star
6:38 / 7:49
from transcript6:38 – 7:49
...personal private choice would be, I'm not doing it.
5:57 / 7:00
from transcript5:57 – 7:00
...Private longer and everything. So the most important thing, as I said, is to be the first $100,000 to help that founder. So whatever we did, we understood that is the strategic part of the house. We've always done seeds, but we thought both for clari
46:29 / 47:31
from transcript46:29 – 47:31
So our early stage funds invest in companies that are growing fast too. So if that's not clear, that is what we seek to do across all pools capital. For us, the growth fund is a fund that invests in companies at the later stage of their life cycle. S
5:09 / 6:18
from transcript5:09 – 6:18
a $50,000,000 fund that's deployed over two years every two years is the same as a $100,000,000 fund that's deployed every four. What we've done is we've just picked a model, which is which says sort of what's the right stage, what's the right owners
13:30 / 14:33
from transcript13:30 – 14:33
Yeah. It is the way to think about it is and I'll contrast it to other funds. I think one of the first things to keep in mind is how we've capitalized ourselves. So, we are fund we have one fund today. We'll likely have others in the future. It's a $
5:58 / 7:02
from transcript5:58 – 7:02
How much of it, to quote you, how much of their skin do they have in the game? Okay? So if somebody raises a billion dollar fund, typically, they're gonna write a check personally for $20,000,000. Well, that's not an insignificant amount of money. Bu
13:34 / 14:43
from transcript13:34 – 14:43
wanted him to build a different business, at least VCs in the pitch room, but not all VCs felt the same way. Jason Calacanis' firm, Launch, actually led Ghiram's round. Yeah. He raised 850,000 so far. And last I heard from Ghiram, they're gonna end u
38:16 / 39:15
from transcript38:16 – 39:15
The second is is there's no pipeline problem of finding under invested entrepreneurs. There just isn't. If you talk about what you wanna do and do the work, it will happen. And that's what happened with the Opportunity Fund. So you certainly could ha
12:44 / 13:52
from transcript12:44 – 13:52
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