<p>This Week in Startups is brought to you by…</p> <p>LinkedIn Jobs. A business is only as strong as its people, and every hire matters. Go to <a href="https://www.linkedin.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/twist</a> to post your first job for free. Terms and conditions apply.</p> <p>Beehiiv. Power your newsletters with AI tools, referral programs, and ad network features—all in one platform. Get 30 days free and 20% off your first 3 months at <a href="https://www.beehiiv.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.beehiiv.com/twist</a></p> <p>CLA. Innovation takes balance. CLA's CPAs, consultants, and wealth advisors can help you get from startup to where you want to end up. Get started now at <a href="https://www" target="_blank" rel="ugc noopener noreferrer">https://www</a>.<a href="http://claconnect.com/tech" target="_blank" rel="ugc noopener noreferrer">CLAconnect.com/tech</a></p> <p>*</p> <p>Todays show:</p> <p>Altimeter's Jamin Ball joins Alex Wilhelm to discuss VC-founder dynamics, fund returns, rapid fundraising, and its impact on M&amp;A. They cover public vs. private valuations, startup liquidity, AI's influence, SaaS trends, and Jamin’s outlook on IPOs and exits.</p> <p>*</p> <p>Timestamps:</p> <p>(0:00) Jamin joins Alex to kick off the show</p> <p>(6:30) Alignment of incentives between VCs and founders</p> <p>(10:25) LinkedIn Jobs - Post your first job for free at <a href="https://www.linkedin.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/twist</a></p> <p>(11:54) Venture capital allocation demand and its impact</p> <p>(15:55) Comparison of returns between small and large venture funds</p> <p>(21:54) Beehiiv - Get 30 days free and 20% off your first 3 months at <a href="https://www.beehiiv.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.beehiiv.com/twist</a></p> <p>(23:23) Power laws in startups and venture capital's impact</p> <p>(24:19) Effects of rapid fundraising cycles on founders</p> <p>(31:33) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at <a href="https://claconnect.com/tech" target="_blank" rel="ugc noopener noreferrer">https://claconnect.com/tech</a></p> <p>(32:59) Raising large rounds and long-term commitments</p> <p>(35:15) Venture capital's influence on startup M&amp;A activity</p> <p>(37:38) Public vs private market valuation disparities</p> <p>(39:24) Future of startup liquidity and exit scenarios</p> <p>(46:06) Proposals for realigning venture capital funds and founder incentives</p> <p>(47:41) Impact of AI on startup growth and venture capital</p> <p>(52:20) SaaS multiples and cloud software market analysis</p> <p>(57:43) Software spending trends and startup optimism for 2024</p> <p>(1:00:15) Procurement scrutiny in startup budgets and market differentiation</p> <p>(1:01:17) Promising companies and Jamin Ball's investment outlook</p> <p>(1:01:28) Expectations for IPOs and startup exits in the coming year</p> <p>*</p> <p>Mentioned on the show:</p> <p>Join Jamin’s substack here: <a href="https://cloudedjudgement.substack.com/" target="_blank" rel="ugc noopener noreferrer">https://cloudedjudgement.substack.com/</a></p> <p>Jamin’s article: <a href="https://cloudedjudgement.substack.com/p/clouded-judgement-102524-misaligned" target="_blank" rel="ugc noopener noreferrer">https://cloudedjudgement.substack.com/p/clouded-judgement-102524-misaligned</a></p> <p>Check out Altimeter: <a href="https://www.altimeter.com/home" target="_blank" rel="ugc noopener noreferrer">https://www.altimeter.com/home</a></p> <p>Follow Bill Gurlery on X: <a href="https://x.com/bgurley" target="_blank" rel="ugc noopener noreferrer">https://x.com/bgurley</a></p> <p>Subscribe to the TWiST500 newsletter: <a href="https://ticker.thisweekinstartups.com" target="_blank" rel="ugc noopener noreferrer">https://ticker.thisweekinstartups.com</a></p> <p>Check out the TWIST500: <a href="https://www.twist500.com" target="_blank" rel="ugc noopener noreferrer">https://www.twist500.com</a></p> <p>*</p> <p>Subscribe to This Week in Startups on Apple: <a href="https://rb.gy/v19fcp" target="_blank" rel="ugc noopener noreferrer">https://rb.gy/v19fcp</a></p> <p>*</p> <p>Follow Jamin:</p> <p>X: <a href="https://x.com/jaminball" target="_blank" rel="ugc noopener noreferrer">https://x.com/jaminball</a></p> <p>LinkedIn: <a href="https://www.linkedin.com/in/jamin-ball-49366137" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/in/jamin-ball-49366137</a></p> <p>*</p> <p>Follow Alex:</p> <p>X: <a href="https://x.com/alex" target="_blank" rel="ugc noopener noreferrer">https://x.com/alex</a></p> <p>LinkedIn: <a href="https://www.linkedin.com/in/alexwilhelm/" target="_blank" rel="ugc noopener noreferrer">⁠https://www.linkedin.com/in/alexwilhelm</a></p> <p>*</p> <p>Follow Jason:</p> <p>X: <a href="https://twitter.com/Jason" target="_blank" rel="ugc noopener noreferrer">https://twitter.com/Jason</a></p> <p>LinkedIn: <a href="https://www.linkedin.com/in/jasoncalacanis" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/in/jasoncalacanis</a></p> <p>*</p> <p>Thank you to our partners:</p> <p>(10:25) LinkedIn Jobs - Post your first job for free at <a href="https://www.linkedin.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/twist</a></p> <p>(21:54) Beehiiv - Get 30 days free and 20% off your first 3 months at <a href="https://www.beehiiv.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.beehiiv.com/twist</a></p> <p>(31:33) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at <a href="https://claconnect.com/tech" target="_blank" rel="ugc noopener noreferrer">https://claconnect.com/tech</a></p> <p>*</p> <p>Great TWIST interviews: <a href="https://youtu.be/pvJa2pzuXWQ" target="_blank" rel="ugc noopener noreferrer">Will Guidara,</a> <a href="https://youtu.be/9dHN4YFkgv4" target="_blank" rel="ugc noopener noreferrer">Eoghan McCabe</a>, <a href="https://podcasts.apple.com/us/podcast/reddit-ceo-steve-huffman-on-mod-revolt-building-a/id315114957?i=1000617333424" target="_blank" rel="ugc noopener noreferrer">Steve Huffman</a>, <a href="https://podcasts.apple.com/ca/podcast/airbnb-ceo-brian-chesky-on-early-rejection-customer/id315114957?i=1000611761112" target="_blank" rel="ugc noopener noreferrer">Brian Chesky</a>, <a href="https://youtu.be/y2UMzSqX94Q" target="_blank" rel="ugc noopener noreferrer">Bob Moesta,</a> <a href="https://podcasts.apple.com/ca/podcast/box-ceo-aaron-levie-breaks-down-box-ai-and-generative/id315114957?i=1000612384545" target="_blank" rel="ugc noopener noreferrer">Aaron Levie</a>, <a href="https://podcasts.apple.com/ca/podcast/sophia-amoruso-on-branding-raising-a-fund-portfolio/id315114957?i=1000601352978" target="_blank" rel="ugc noopener noreferrer">Sophia Amoruso</a>, <a href="https://podcasts.apple.com/ca/podcast/reid-hoffman-on-ais-crescendo-moment-regulation-and/id315114957?i=1000612548498" target="_blank" rel="ugc noopener noreferrer">Reid Hoffman</a>, <a href="https://podcasts.apple.com/ca/podcast/snowflake-ceo-frank-slootman-on-moving-the-needle-win/id315114957?i=1000602560622" target="_blank" rel="ugc noopener noreferrer">Frank Slootman</a>, <a href="https://podcasts.apple.com/ca/podcast/billy-mcfarland-on-fyre-fest-fraud-failure-hacking/id315114957?i=1000610922577" target="_blank" rel="ugc noopener noreferrer">Billy McFarland</a></p> <p>*</p> <p>Check out Jason’s suite of newsletters: <a href="https://substack.com/@calacanis" target="_blank" rel="ugc noopener noreferrer">https://substack.com/@calacanis</a></p> <p>*</p> <p>Follow TWiST:</p> <p>Twitter: <a href="https://twitter.com/TWiStartups" target="_blank" rel="ugc noopener noreferrer">https://twitter.com/TWiStartups</a></p> <p>YouTube: <a href="https://www.youtube.com/thisweekin" target="_blank" rel="ugc noopener noreferrer">https://www.youtube.com/thisweekin</a></p> <p>Instagram: <a href="https://www.instagram.com/thisweekinstartups" target="_blank" rel="ugc noopener noreferrer">https://www.instagram.com/thisweekinstartups</a></p> <p>TikTok: <a href="https://www.tiktok.com/@thisweekinstartups" target="_blank" rel="ugc noopener noreferrer">https://www.tiktok.com/@thisweekinstartups</a></p> <p>Substack: <a href="https://twistartups.substack.com" target="_blank" rel="ugc noopener noreferrer">https://twistartups.substack.com</a></p> <p>*</p> <p>Subscribe to the Founder University Podcast: <a href="https://www.youtube.com/@founderuniversity1916" target="_blank" rel="ugc noopener noreferrer">https://www.youtube.com/@founderuniversity1916</a></p>

This Week in Startups

Jason Calacanis

Misaligned Incentives Between GPs and Founders with Altimeter's Jamin Ball | E2045

NOV 15, 202461 MIN
This Week in Startups

Misaligned Incentives Between GPs and Founders with Altimeter's Jamin Ball | E2045

NOV 15, 202461 MIN

Description

<p>This Week in Startups is brought to you by…</p> <p>LinkedIn Jobs. A business is only as strong as its people, and every hire matters. Go to <a href="https://www.linkedin.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/twist</a> to post your first job for free. Terms and conditions apply.</p> <p>Beehiiv. Power your newsletters with AI tools, referral programs, and ad network features—all in one platform. Get 30 days free and 20% off your first 3 months at <a href="https://www.beehiiv.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.beehiiv.com/twist</a></p> <p>CLA. Innovation takes balance. CLA's CPAs, consultants, and wealth advisors can help you get from startup to where you want to end up. Get started now at <a href="https://www" target="_blank" rel="ugc noopener noreferrer">https://www</a>.<a href="http://claconnect.com/tech" target="_blank" rel="ugc noopener noreferrer">CLAconnect.com/tech</a></p> <p>*</p> <p>Todays show:</p> <p>Altimeter's Jamin Ball joins Alex Wilhelm to discuss VC-founder dynamics, fund returns, rapid fundraising, and its impact on M&amp;A. They cover public vs. private valuations, startup liquidity, AI's influence, SaaS trends, and Jamin’s outlook on IPOs and exits.</p> <p>*</p> <p>Timestamps:</p> <p>(0:00) Jamin joins Alex to kick off the show</p> <p>(6:30) Alignment of incentives between VCs and founders</p> <p>(10:25) LinkedIn Jobs - Post your first job for free at <a href="https://www.linkedin.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/twist</a></p> <p>(11:54) Venture capital allocation demand and its impact</p> <p>(15:55) Comparison of returns between small and large venture funds</p> <p>(21:54) Beehiiv - Get 30 days free and 20% off your first 3 months at <a href="https://www.beehiiv.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.beehiiv.com/twist</a></p> <p>(23:23) Power laws in startups and venture capital's impact</p> <p>(24:19) Effects of rapid fundraising cycles on founders</p> <p>(31:33) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at <a href="https://claconnect.com/tech" target="_blank" rel="ugc noopener noreferrer">https://claconnect.com/tech</a></p> <p>(32:59) Raising large rounds and long-term commitments</p> <p>(35:15) Venture capital's influence on startup M&amp;A activity</p> <p>(37:38) Public vs private market valuation disparities</p> <p>(39:24) Future of startup liquidity and exit scenarios</p> <p>(46:06) Proposals for realigning venture capital funds and founder incentives</p> <p>(47:41) Impact of AI on startup growth and venture capital</p> <p>(52:20) SaaS multiples and cloud software market analysis</p> <p>(57:43) Software spending trends and startup optimism for 2024</p> <p>(1:00:15) Procurement scrutiny in startup budgets and market differentiation</p> <p>(1:01:17) Promising companies and Jamin Ball's investment outlook</p> <p>(1:01:28) Expectations for IPOs and startup exits in the coming year</p> <p>*</p> <p>Mentioned on the show:</p> <p>Join Jamin’s substack here: <a href="https://cloudedjudgement.substack.com/" target="_blank" rel="ugc noopener noreferrer">https://cloudedjudgement.substack.com/</a></p> <p>Jamin’s article: <a href="https://cloudedjudgement.substack.com/p/clouded-judgement-102524-misaligned" target="_blank" rel="ugc noopener noreferrer">https://cloudedjudgement.substack.com/p/clouded-judgement-102524-misaligned</a></p> <p>Check out Altimeter: <a href="https://www.altimeter.com/home" target="_blank" rel="ugc noopener noreferrer">https://www.altimeter.com/home</a></p> <p>Follow Bill Gurlery on X: <a href="https://x.com/bgurley" target="_blank" rel="ugc noopener noreferrer">https://x.com/bgurley</a></p> <p>Subscribe to the TWiST500 newsletter: <a href="https://ticker.thisweekinstartups.com" target="_blank" rel="ugc noopener noreferrer">https://ticker.thisweekinstartups.com</a></p> <p>Check out the TWIST500: <a href="https://www.twist500.com" target="_blank" rel="ugc noopener noreferrer">https://www.twist500.com</a></p> <p>*</p> <p>Subscribe to This Week in Startups on Apple: <a href="https://rb.gy/v19fcp" target="_blank" rel="ugc noopener noreferrer">https://rb.gy/v19fcp</a></p> <p>*</p> <p>Follow Jamin:</p> <p>X: <a href="https://x.com/jaminball" target="_blank" rel="ugc noopener noreferrer">https://x.com/jaminball</a></p> <p>LinkedIn: <a href="https://www.linkedin.com/in/jamin-ball-49366137" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/in/jamin-ball-49366137</a></p> <p>*</p> <p>Follow Alex:</p> <p>X: <a href="https://x.com/alex" target="_blank" rel="ugc noopener noreferrer">https://x.com/alex</a></p> <p>LinkedIn: <a href="https://www.linkedin.com/in/alexwilhelm/" target="_blank" rel="ugc noopener noreferrer">⁠https://www.linkedin.com/in/alexwilhelm</a></p> <p>*</p> <p>Follow Jason:</p> <p>X: <a href="https://twitter.com/Jason" target="_blank" rel="ugc noopener noreferrer">https://twitter.com/Jason</a></p> <p>LinkedIn: <a href="https://www.linkedin.com/in/jasoncalacanis" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/in/jasoncalacanis</a></p> <p>*</p> <p>Thank you to our partners:</p> <p>(10:25) LinkedIn Jobs - Post your first job for free at <a href="https://www.linkedin.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/twist</a></p> <p>(21:54) Beehiiv - Get 30 days free and 20% off your first 3 months at <a href="https://www.beehiiv.com/twist" target="_blank" rel="ugc noopener noreferrer">https://www.beehiiv.com/twist</a></p> <p>(31:33) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at <a href="https://claconnect.com/tech" target="_blank" rel="ugc noopener noreferrer">https://claconnect.com/tech</a></p> <p>*</p> <p>Great TWIST interviews: <a href="https://youtu.be/pvJa2pzuXWQ" target="_blank" rel="ugc noopener noreferrer">Will Guidara,</a> <a href="https://youtu.be/9dHN4YFkgv4" target="_blank" rel="ugc noopener noreferrer">Eoghan McCabe</a>, <a href="https://podcasts.apple.com/us/podcast/reddit-ceo-steve-huffman-on-mod-revolt-building-a/id315114957?i=1000617333424" target="_blank" rel="ugc noopener noreferrer">Steve Huffman</a>, <a href="https://podcasts.apple.com/ca/podcast/airbnb-ceo-brian-chesky-on-early-rejection-customer/id315114957?i=1000611761112" target="_blank" rel="ugc noopener noreferrer">Brian Chesky</a>, <a href="https://youtu.be/y2UMzSqX94Q" target="_blank" rel="ugc noopener noreferrer">Bob Moesta,</a> <a href="https://podcasts.apple.com/ca/podcast/box-ceo-aaron-levie-breaks-down-box-ai-and-generative/id315114957?i=1000612384545" target="_blank" rel="ugc noopener noreferrer">Aaron Levie</a>, <a href="https://podcasts.apple.com/ca/podcast/sophia-amoruso-on-branding-raising-a-fund-portfolio/id315114957?i=1000601352978" target="_blank" rel="ugc noopener noreferrer">Sophia Amoruso</a>, <a href="https://podcasts.apple.com/ca/podcast/reid-hoffman-on-ais-crescendo-moment-regulation-and/id315114957?i=1000612548498" target="_blank" rel="ugc noopener noreferrer">Reid Hoffman</a>, <a href="https://podcasts.apple.com/ca/podcast/snowflake-ceo-frank-slootman-on-moving-the-needle-win/id315114957?i=1000602560622" target="_blank" rel="ugc noopener noreferrer">Frank Slootman</a>, <a href="https://podcasts.apple.com/ca/podcast/billy-mcfarland-on-fyre-fest-fraud-failure-hacking/id315114957?i=1000610922577" target="_blank" rel="ugc noopener noreferrer">Billy McFarland</a></p> <p>*</p> <p>Check out Jason’s suite of newsletters: <a href="https://substack.com/@calacanis" target="_blank" rel="ugc noopener noreferrer">https://substack.com/@calacanis</a></p> <p>*</p> <p>Follow TWiST:</p> <p>Twitter: <a href="https://twitter.com/TWiStartups" target="_blank" rel="ugc noopener noreferrer">https://twitter.com/TWiStartups</a></p> <p>YouTube: <a href="https://www.youtube.com/thisweekin" target="_blank" rel="ugc noopener noreferrer">https://www.youtube.com/thisweekin</a></p> <p>Instagram: <a href="https://www.instagram.com/thisweekinstartups" target="_blank" rel="ugc noopener noreferrer">https://www.instagram.com/thisweekinstartups</a></p> <p>TikTok: <a href="https://www.tiktok.com/@thisweekinstartups" target="_blank" rel="ugc noopener noreferrer">https://www.tiktok.com/@thisweekinstartups</a></p> <p>Substack: <a href="https://twistartups.substack.com" target="_blank" rel="ugc noopener noreferrer">https://twistartups.substack.com</a></p> <p>*</p> <p>Subscribe to the Founder University Podcast: <a href="https://www.youtube.com/@founderuniversity1916" target="_blank" rel="ugc noopener noreferrer">https://www.youtube.com/@founderuniversity1916</a></p>