(0:00) David Weisburd hosts Michael Kim and Jason Calacanis to dive into the world of VCs, LPs and GPs (2:43) Exploring the doubts LPs may have about how VCs are marking startups (7:51) Jason's strategy as an LP in funds and the search for a universal gold standard in LP benchmarks (10:14) Why LPs might be incentivized to allow markups from GPs (12:49) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist (13:44) LP portfolio management best practices (19:57) Evaluating different GP strategies for secondary deals (24:37) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://www.devsquad.com/twist (25:44 ) Comparing "idealistic" and "pragmatic" fund manager archetypes. what the right number is for a founder to sell in secondary (33:39) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist (35:15) Breaking down Keith Rabois leaving Founders Fund to return to Khosla Ventures (44:52) Addressing the challenges and responsibilities of starting a new firm (48:08) Bill Ackman’s crusades, how LPs look at backing outspoken GPs Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp X: https://twitter.com/Jason https://twitter.com/MKRocks https://twitter.com/DWeisburd LinkedIn: https://www.linkedin.com/in/jasoncalacanis https://www.linkedin.com/in/michael-kim-cendana-capital https://www.linkedin.com/in/dweisburd Thanks to our partners: (12:49) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist (24:37) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://www.devsquad.com/twist (33:39) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist All rights for the video shared and linked below belong to the original copyright holder, and we are using the footage under the principle of fair use. Listen here: Apple: https://podcasts.apple.com/us/podcast/this-week-in-startups-audio/id315114957 Spotify: https://open.spotify.com/show/6ULQ0ewYf5zmsDgBchlkr9 Overcast: https://overcast.fm/itunes315114957/this-week-in-startups-audio More from us: Twitter: https://twitter.com/twistartups Instagram: https://www.instagram.com/thisweekinstartups Official site: https://thisweekinstartups.com/ Subscribe to our YouTube to watch all full episodes: https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A Subscribe to TWiST Clips for all the best moments: https://www.youtube.com/channel/UCS7tJlcUA6PzVHEMo-X7ddg #startups #entrepreneurship #investing #angelinvesting #tech #news #business