509. The Downstream Effects of SpaceX, OpenAI, and Anthropic Soaking Up $3T in the Public Market, Who Is Netscape and Who Is Google in the AI Era, and the Impact of Private Credit Redemption Requests on PE and VC (Sandesh Patnam)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified · May 25, 2026 · 53m

Sandesh Patnam of Premji Invest joins Nick to discuss The Downstream Effects of SpaceX, OpenAI, and Anthropic Soaking Up $3T in the Public Market, Who Is Netscape and Who Is Google in the AI Era, and the Impact of Private Credit Redemption Requests on PE and VC. In this episode we cover:

Themes and Dynamics of the Current AI Shift

Investment Opportunities and Challenges

Thesis and Focus at Premji Invest

Advice for AI Companies and Public Markets

Impact of Mega IPOs on Private Markets

Challenges in Private Equity and Private Credit

Listening as a Secret Weapon

Guest Links:

Sandesh's LinkedIn…