Other People's Money is the premier podcast about the business side of the fund management industry. Every week Max Wiethe sits down to learn from some of the best entrepreneurial fund managers about their experience launching and growing a fund management business. OPM is not a show about the next hot stock pick or big trade but an inside look at an opaque and misunderstood industry guided by real professional fund managers who've done it themselves.
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Other People's Money is the premier podcast about the business side of the fund management industry. Every week Max Wiethe sits down to learn from some of the best entrepreneurial fund managers about their experience launching and growing a fund management business. OPM is not a show about the next hot stock pick or big trade but an inside look at an opaque and misunderstood industry guided by real professional fund managers who've done it themselves.
Follow us on:
Max's Twitter: https://x.com/maxwiethe
OPM on Twitter: https://x.com/opmpod
Watch OPM and our Partner Show Monetary Matters on YouTube: https://www.youtube.com/channel/UCeyqw1Ns_cnhSJh5XvXPWgw
Venture Capital’s Collision with Public Markets, the Dry Powder Bubble, and VC Metrics that Lie | James Wang of Creative Ventures
Other People's Money with Max Wiethe
1 hour 15 minutes
3 days ago
Venture Capital’s Collision with Public Markets, the Dry Powder Bubble, and VC Metrics that Lie | James Wang of Creative Ventures
This Other People’s Money episode is brought to you by CAIA.nxt. Learn more about their alternatives education courses for investment advisors and get 10% off with code MMTEN: https://caia.org/content/welcome-monetary-matters-and-other-peoples-money-listeners
James Wang, General Partner at Creative Ventures and author of “What You Need to Know About AI” joins Other People’s Money to discuss the most pressing issues facing venture capital right now including: VC’s collision with public markets, the “RIAifaction” of VC firms, and the reality that there is still too much dry powder propping up venture valuations. Wang also discusses the difficulty of judging VC funds off of typical metrics like MOIC and TVPI, especially when the fund is still in the middle of its life cycle. Wang closes the podcast with his views on AI as expressed in his new book and the reasons why he believes many are being distracted by first-order effects.
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Timestamps
00:00 Intro
01:22 The Collision of Public and Private Markets
04:13 Venture Capital is Following the Same Path as Other Asset Classes
05:52 Venture's Shifting Role in Portfolios
13:36 Venture Capital Emerging Managers
18:39 Corporate Venture Capital
20:58 The Most Active Venture LPs
22:45 Sovereign Wealth Funds and Strategic Venture
26:56 RIAs and Private Wealth as the Next Source of Capital
31:58 The Emergence of Star Athletes and Actors as VCs
33:41 Most VCs Don't Add Value to Portfolio Companies
35:31 Comparing VC Funds: The Metrics That Lie
43:32 Sneaky VC Marketing Tricks and Marketing Materials
48:33 Reference Checks and Speaking with Founders
50:17 The Dry Powder Bubble
57:41 What You Need to Know About AI
59:47 Tracking AI Progress
01:03:42 The Politics of AI
01:07:32 The Next Stage of Training AI Models
Other People's Money with Max Wiethe
Other People's Money is the premier podcast about the business side of the fund management industry. Every week Max Wiethe sits down to learn from some of the best entrepreneurial fund managers about their experience launching and growing a fund management business. OPM is not a show about the next hot stock pick or big trade but an inside look at an opaque and misunderstood industry guided by real professional fund managers who've done it themselves.
Follow us on:
Max's Twitter: https://x.com/maxwiethe
OPM on Twitter: https://x.com/opmpod
Watch OPM and our Partner Show Monetary Matters on YouTube: https://www.youtube.com/channel/UCeyqw1Ns_cnhSJh5XvXPWgw
