TP1: a VERY BAD💩 podcast on VC 2️⃣NDRY, BROKEN❤️🩹 unicorns🦄 & BUSTED carry😱
in this inaugural ep of [trading places], dave mcclure & aman verjee welcome david zhou (super clusters) to talk secondary markets, ai bubbles, and why your DPI might be total bs
we go deep on:
– openai’s $500B tender
– canvas vs databricks valuations
– LP/GP dynamics
– when to sell in secondaries
– spv food fights
– and the ghost of rap battles past
also: mean VC, VC trading cards, and the most painful vc math lesson you’ll hear this year.
subscribe for more pod pain.
Timestamps:
00:00 — cold open
43:10 — welcome to a very bad podcast about vc secondaries
00:01:00 — what is a secondary? (not…
The skinny
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