#002 - Venture Capital is a Game

This podcast episode explores the world of venture capital (VC) and the challenges and opportunities faced by investors. The hosts discuss the importance of deep work and maintaining focus, as well as the structure of venture funds and the factors influencing investment decisions. They emphasize the significance of betting on the right people and their future ventures, as well as the landscape of VC and the risks associated with institutional limited partners (LPs). The conversation delves into the future of VC and the impact of democratization of investment. It also touches on the reasons for high valuations in the tech industry and the significance of culture and risk appetite. Overall, the episode highlights the complexities of VC and provides insights for both novice and experienced investors.