TP5: Isomer Capital 🔬 | SpaceX $400B Valuation 🚀 | Nvidia 🤝 OpenAI | Revolut: Buy Sell or Hold? 🤔

trading places · Oct 1, 2025 · 1h 25m · transcript

episode 5 of @+[trading places], a very bad 💩podcast about VC #secondary 2️⃣, broken unicorns 🦄💔& busted carry 😱, is out NOW!

this week, we sit down with Joe Schorge and Omolade Idebisi of EU fund of funds (FoF) Isomer Capital about secondary fund strategy, GP-led vs. LP-led and how they navigate a world of weird discounts when they go to trade in the secondary market.

plus Dave Mcclure shares his criteria on how he evaluates deals these days and Aman Verjee is BACK with another [valuation corner] feat. a breakdown of SpaceX’s latest price tag at $400B.

[news]

00:00 — cold open: “i love your…