Shows / trading places
trading places
a very bad 💩podcast about VC secondaries broken unicorns ❤️🩹🦄 & busted carry 📉🙈
Episodes
trading placesSpaceX AI Revenue Triples, Anthropic S-1 Leaks, CoreWeave Debt Cracks & A Tesla Merger at $420?
In this episode of Trading Places, Dave McClure and Aman Verjee are back from Asia to break down the week's biggest stories in tech and venture. CPI came in at…
trading placesInside Anthropic's S-1: The Fastest-Growing Company Ever Has a $500B Problem
In this emergency Valuation Corner, Aman Verjee breaks down Anthropic's S-1, the filing that makes it the fastest-growing company at scale of all time. He…
trading placesSpaceX Q3 Earnings Breakdown: $14.6B Revenue + Tesla Merger in 2027?
In this emergency Valuation Corner, Aman Verjee breaks down SpaceX's Q3 earnings call. Revenue came in at $14.6B against a $12.8B estimate, SpaceX posted its…
trading placesAnthropic S1 Leaked, ElevenLabs Hits $22B, Oura Pulls $2.2B IPO & How Midterms Will Impact AI
$518B in compute commitments and 80 pages of risk factors These are just some of the surprising numbers from Anthropic’s leaked S1. In this episode of Trading…
trading placesMeta's Muse Agent Hits #1, Anthropic Eyes a $2T IPO, a Fed Hike & Shield AI at $20B | Trading Places Podcast Ep49 ft. Dan Gray (Odin)
In this episode of Trading Places, Dave McClure and Aman Verjee break down the week's biggest stories in tech and venture. First, the Fed's first rate hike…
trading placesAI Giants Hit the Breaks, Harvey AI Hits $15.5B, Oura Files for a $16B IPO and more w/ Dave McClure & Aman Verjee
Dario Amodei says the industry needs to "pace the frontier." Sam Altman and Elon agreed. Dave and Aman aren't buying the official story. They break down why…
trading placesAnthropic's $30T Claim, NVIDIA's Blowout, and the AI Bubble Debate
Anthropic had a massive week. The company is targeting $30 trillion in potential revenue, roughly the size of US GDP. A federal judge also struck down the…
trading placesNVIDIA's AI Empire: Chips, Startups, and Jensen Huang's Endgame
This week on Trading Places, Dave McClure and Aman Verjee break down Nvidia's expanding AI ecosystem, a billion-dollar stake plus exclusive licensing with…
trading placesAnthropic vs. OpenAI: Inside the $2 Trillion IPO Race
This week on Trading Places, Dave McClure and Aman Verjee break down the Anthropic roadshow numbers and leaked internal forecasts, Nvidia securing a $500B…
trading placesBending Spoons at $30B: Brilliant Roll-Up or Overvalued? + SpaceX, Airtable & VC News
Is Bending Spoons really worth nearly $30 billion? This week on Trading Places, Dave McClure and Aman Verjee break down the Italian software roll-up after its…
trading placesCan Helsing Become Europe’s Anduril? Inside Its $18B Valuation
Is Helsing becoming Europe’s answer to Anduril? In this episode of Trading Places, Dave McClure and Aman Verjee break down the German defense technology…
trading placesSpaceX's First Earnings Report as a Public Company 🚨 SPECIAL EPISODE
SpaceX just reported earnings for the first time since going public — and the numbers were a rollercoaster. Revenue beat estimates by a mile (+92% YoY), EBITDA…
trading placesAnduril Hits $100B, Saronic Hits $9B 💥 Inside the Defense Tech Boom w/ Dave McClure and Aman Verjee
Dave McClure and Aman Verjee break down why venture capital is pouring into autonomous defense companies, how Anduril, Shield AI, Saronic and a new generation…
trading placesUS vs. China AI: OpenAI, Anthropic, DeepSeek & Moonshot Go to War
The AI arms race just got a lot more interesting. Moonshot's Kimi K3 is topping leaderboards ahead of proprietary US models, DeepSeek is raising at a $71B…
trading placesCan Jeff Bezos Catch Elon Musk? Blue Origin at $130B | Reflection AI vs. DeepSeek | Interview with Shawn Bercuson
Welcome back to Trading Places, the weekly show covering the biggest stories in venture capital, private markets, AI, IPOs, and secondaries. This week, Jeff…
trading placesDeepSeek's $50B Round, OpenAI's Delayed IPO, and the GP Stakes Market with CAZ Investments
DeepSeek just raised $7.4B at a $50B valuation 🇨🇳and there's no cap table access. It's structured through an SPV, no voting rights, no board seats. CEO Liang…
trading placesSpaceX Surges, Anthropic Stumbles, and Bezos Bets $12B
SpaceX just finished its first week as a public company. Anthropic just had its newest model frozen by the US government. And Jeff Bezos just raised $12B for a…
trading placesThe SpaceX IPO Report Card, OpenAI vs. Anthropic, and the Private Market No One Talks About | CJ Gustafson w/ Guest CJ Gustafson
The SpaceX IPO just happened. Dave and Aman break down the grades, the winners, and what comes next — then sit down with CJ Gustafson, recovering tech CFO and…
trading placesI Read the 308-Page SpaceX S-1 So You Don’t Have To
Aman read all 308 pages of the SpaceX S-1 so you don't have to. This week we break down every major number, surprise, and buried Easter egg in the filing —…
trading places$900B Anthropic, SpaceX IPO Date, and the SPV Wild West w/ Clara Vydyanath | Trading Places Pod EP35
IPO season is here — and private markets are breaking at the seams. This week on Trading Places: Cerebras just had one of the best IPOs in years, pricing way…
trading placesAnthropic's $44B Revenue Run Rate, SpaceX's $75B IPO Problem, and the Retail VC Trap | Ep 34
Anthropic is now reportedly running at a $44B ARR pace, secondary markets are valuing it north of $1T, and demand is turning into full-scale FOMO. This week on…
trading placesAnthropic at $900B, OpenAI Slipping | Sacra & Augment Power 20 Private Companies | Cohere Valuation | Ep 33
Anthropic is accelerating at a pace the tech world has never seen. In Episode 33 of Trading Places, Dave McClure, Aman Verjee, Marcelo Ballvé (Sacra), and Adam…
trading placesAnthropic Hits $1T, OpenAI Struggling, Elon Reloads with $60B Cursor Deal | Trading Places Podcast E32
Anthropic just crossed a $1 trillion valuation… and may have officially passed OpenAI. Meanwhile, Elon Musk is making moves—SpaceX is partnering with (and…
trading placesSpaceX, Saronic, and the New Era of Defense Tech Investing | Trading Places Podcast Ep31
Markets hit all-time highs in 11 trading days. Someone shorted oil 20 minutes before Trump spoke. SpaceX wants to raise $75B at a $2T valuation. And an…
trading placesAnthropic Passes OpenAI ($30B ARR), SpaceX Lost $5B & How EquityBee Unlocks Employee Equity | Ep. 30
Trading Places is the only VC secondary podcast on the internet. Each week, Dave McClure and Aman Verjee break down the biggest stories in venture capital…
trading placesSpaceX $2T IPO ?!? 🚀 Shield AI = next Anduril 🛩️ Shri Bhashyam Sydecar grows to $4B SPVs | Ep29
SpaceX just filed its confidential IPO prospectus — and prediction markets say it will be June 3rd, Elon's birthday, during a rare 6-planet alignment…
trading placesPolymarket vs Kalshi ($20B), OpenAI vs Anthropic (IPO?), Tesla & SpaceX create Austin Terafab | Ep28
Dave and Aman break down a packed week in VC and tech — from macro headwinds threatening the IPO window to the big question of whether SpaceX and Tesla are…
trading placesNvidia $4.4T vs Cerebras $23B Val | Why Private Prices Are Wrong with Nick Fusco of PM Insights | Episode 27
Episode 27 of Trading Places asks a simple question: Are we pricing AI companies completely wrong? This week, Dave McClure and Aman Verjee are joined by Nick…
trading placesIran Tanks IPOs | 2026 VC Outlook with PitchBook & CB Insights | ByteDance @ $550B | Ep26
Dave and Aman break down how the Iran conflict is rattling markets — and what oil futures backwardation is signaling about how long it lasts. Then: Anduril…
trading placesOpenAI $110B Raise, Stripe at $159B, and the Donor Money Tax Hack VCs Use | Trading Places Podcast E25
OpenAI just closed a historic $110B funding round — the largest private raise ever. At the same time: • Stripe surged to a $159B valuation • Anthropic is…
trading placesOpenAI $830B vs Anthropic $380B: The Future of Private Market Pricing with Tyson Hendricksen | E24
The biggest private round in history just got bigger. This week on Trading Places, Dave McClure and Aman Verjee break down: • OpenAI’s rumored $100B raise at…
trading placesElon Musk $1.25T SpaceX + xAI merger, How to Get DPI in 2026 w/ David Zhou | Ep23
Space, AI, SaaS carnage, secondary liquidity, and the biggest merger of all time.Welcome to Episode 23 of Trading Places — and this one covers everything from…
trading placesxAI SpaceX merger, LatAm 2026 IPOs, Anurag Chandra wisdom from managing pension funds & FOs | Ep22
Welcome back to Trading Places — the terrible, very bad, absolutely horrible VC secondaries podcast with Dave McClure and Aman Verjee. This week is a…
trading placesOpenAI Path To Profitability, Anduril Valuation, & India Unicorns | Qapita Ravi Ravulaparthi | Ep21
In this episode of Trading Places, Dave McClure and Aman Verjee break down what’s driving markets right now, and what it means for liquidity in private…
trading placesTop 20 Private Companies in 2026, The Billionaire Tax, Mistral AI Valuation | Augment + Sacra | Ep20
In this episode of Trading Places, Dave McClure and Aman Verjee dive deep into the rapidly evolving world of private tech markets. They’re joined by: • Noel…
trading placesWhy LatAm Beats Other Emerging Markets, 2026 IPOs, & Discord Valuation | Guest Nathan Lustig | Ep19
In this episode of Trading Places, Dave McClure and Aman Verjee break down the reopening IPO market, sky-high AI valuations, and the growing push for…
trading placesTP18: James Riney of Coral Capital 🇯🇵 | Japan's VC Explosion 🚀 | 2026 IPO Predictions 📈
Episode 18 of the @TradingPlacesPod featuring James Riney from Coral Capital is out now!This week: Dave and Aman kick off 2026 with their macroeconomic…
trading placesTP17: Caplight's Javier Avalos 📊 | Secondary Boom 🔥| Why Banks Need Private Mkts 🏦 | $230B xAI 🚀
Episode 17 of the Trading Places Pod featuring Javier Avalos of Caplight is out now!This week: the IRS as your hidden secondary buyer, why banks need private…
trading placesTP16: Bridgespan VC 💰| Employee Stock Option Financing 🫴| Oracle Stock 📉 | Waymo Valuation 🏎️
Episode 16 of the TradingPlacesPod featuring Adrien Gautier of Bridgespan VC is out now! This week: Oracle's debt crisis sends shockwaves through AI…
trading placesTP15: Ben Black Akkadian Ventures🏆 | Secondaries Secrets 💎 | RAISE Conf 🎯 | Vercel $9B 🚀
Episode 15 of the Trading Places Pod featuring Ben Black of Akkadian Ventures is out now!Welcome to Trading Places, the extremely terrible, very bad podcast on…
trading placesTP14: Michael Burry vs Big Tech 🎯 | Grayscale IPO Disaster? 💥 | Thanksgiving Special 🦃
Welcome to Trading Places, the extremely terrible, very bad podcast on VC secondaries. Hosts Dave McClure and Aman Verjee unpack the biggest news in venture…
trading placesTP13: Emily Zheng of Pitchbook 📊 | VC Secondaries Hit $95B 🔥 | Ramp $32B 💳
Episode 13 of @TradingPlacesPod featuring Emily Zheng (@Pitchbook) is out now! Welcome to Trading Places, the extremely terrible, very bad podcast on VC…
trading placesTP12: Top Tier's Sean Engel 🎯 | AI Bubble? 🎈 | Data Centers 🏗️ | Kraken 💰
Episode 12 of the @TradingPlacesPod featuring Sean Engel from Top Tier Capital Partners is out now! This week: Are we in an AI bubble (again)? Data center…
trading placesTP11: Daniel Blake of UI Charitable 💰🎁 | Donor-Advised Funds 📊 | Polymarket vs Kalshi Showdown 🎲
Episode 11 of the Trading Places Podcast featuring Daniel Blake from UI Charitable is out now! This week: the IRS as your secret secondary buyer, donor-advised…
trading placesTP10: Blackbird VC + Canva 🎨 | OpenAI $1T IPO😱 | Tether $500B Val | EquityZen Acquisition
This week on Trading Places, hosts Dave McClure and Aman Verjee cover the latest tech news, including OpenAI's path to a trillion-dollar IPO, Big Tech's…
trading placesTP8: Phil Haslett EquityZen 🧘🏻♂️ | Goldman Acquires Industry Ventures 💰 | Deel at $17B 🤝
Episode 8 of the Trading Places Pod featuring Phil Haslett from EquityZen is out now. This week we dive deep into OpenAI's massive semiconductor partnership…
trading placesTP9: Seedcamp Founders 🇪🇺 | Prediction Markets 📈 | Oracle $38B 💰 | Anthropic $183B 🤖
Episode 9 of the Trading Places Podcast featuring Seedcamp's Reshma Sohoni and Carlos Eduardo Espinal is out now. This week we cover a jam-packed news cycle…
trading placesTP7: Turner Novak 🍌🧢 | Prediction Market 📈 | Gold Rush💰 | OpenAI's $500B Valuation 🙀
Episode 7 of the Trading Places Podcast featuring Turner Novak from The Peel Pod and Banana Capital is out now. This week we cover a range of news highlights…
trading placesTP6: Peter Walker of Carta 📊 | OpenAI Tender 🧾| Revolut $75B Valuation 💳 | Is 3X 3X 2X 2X 💀?
episode 6 of @+[trading places] feat. our dear friend / VC’s chief graph officer, peter walker of carta—is out now! 00:00 — cold open [ news ] 00:38 — this…
trading placesTP5: Isomer Capital 🔬 | SpaceX $400B Valuation 🚀 | Nvidia 🤝 OpenAI | Revolut: Buy Sell or Hold? 🤔
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…
trading placesTP4: Sydecar 🛵 | TikTok deal 🇺🇸🤝🇨🇳 | Netskope Stubhub Figure IPOs 📈 | xAI @ 200B💰| Stripe @ 91B 💳 | Omni Ventures ⚙️
[ trading places ] episode 4:a very bad 💩podcast about VC #secondary 2️⃣, broken unicorns 🦄💔& busted carry 😱 this week in 2ndry: we talk #SPVs #KYC and…
trading placesTP3: sim desai hiive🐝 • emily zheng pitchbook⚾️📓 • vlad voroninski helm.ai 🤖🚙 • bytedance 🫦🕺🏻-- [trading places] ep.3
IPOs are overrated. secondaries are where the bodies get buried. in ep.3 of [trading places], dave mcclure & aman verjee get way too many smart people on one…
trading placesTP2: why VCs panic sell 💸 & unicorns break 🦄 — mark suster — [trading places]
a very bad podcast about broken unicorns & busted carry in this ep of [trading places], dave mcclure & aman verjee sit down with upfront ventures’ mark suster…
trading placesTP1: 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…