E141: State of Series A's, VC dry powder, IPO window opens + more with Bill Gurley & Brad Gerstner

(0:00) Bestie intros: Friedberg's bad haircut (1:17) Welcome BG^2! Biography recommendations and film talk (22:27) VC market update: State of Series A's (33:43) Dry powder misconceptions, marking incentives (48:57) IPO window starting to open, IPO down rounds, incentives to go public (1:03:17) Cyclical venture cycles, managing distributions, benchmarking VC performance vs public market (1:22:26) Tragic Maui wildfires, extreme temperatures (1:26:11) Macro picture: inflation cools, deflation risk? Follow the besties: }https://twitter.com/chamath }https://linktr.ee/calacanis }https://twitter.com/DavidSacks }https://twitter.com/friedberg }https://twitter.com/altcap }https://twitter.com/bgurley Follow the pod: }https://twitter.com/theallinpod }https://linktr.ee/allinpodcast Intro Music Credit: }https://rb.gy/tppkzl }https://twitter.com/yung_spielburg Intro Video Credit: }https://twitter.com/TheZachEffect Referenced in the show: }https://youtu.be/xmYekD6-PZ8 }https://www.amazon.com/Setting-Table-Transforming-Hospitality-Business/dp/0060742755 }https://www.amazon.com/Steve-Jobs-Walter-Isaacson/dp/147770146X }https://www.amazon.com/Elon-Musk-Spanish-Walter-Isaacson/dp/B0CBTHK86N }https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0066620996 }https://www.amazon.com/Man-Arena-Selected-Writings-Roosevelt/dp/0765306700 }https://www.amazon.com/Shoe-Dog-Memoir-Creator-Nike/dp/1501135910 }https://www.amazon.com/Alexander-Hamilton-Ron-Chernow/dp/1594200092 }https://www.amazon.com/Something-Autobiography-Vintage-Akira-Kurosawa/dp/B0C3D5NDJX }https://www.amazon.com/Born-Standing-Up-Comics-Martin/dp/B017QUU3EO }https://www.amazon.com/Writing-Memoir-Craft-Stephen-King/dp/1439193630 }https://www.amazon.com/Autobiography-Malcolm-told-Alex-Haley/dp/0345379756 }https://www.linkedin.com/posts/peterjameswalker_cartadata-seriesa-valuations-activity-7092542118803488768-vOcY }https://www.theinformation.com/articles/venture-firms-still-writing-small-checks-despite-271-billion-in-dry-powder }https://twitter.com/bgurley/status/1688605654188224512 }https://finance.yahoo.com/chart/SN }https://www.google.com/finance/quote/CAVA:NYSE }https://finance.yahoo.com/quote/SRFM }https://twitter.com/altcap/status/1686086247029055489 }https://www.wsj.com/articles/university-endowments-mint-billions-in-golden-era-of-venture-capital-11632907802 }https://www.youtube.com/watch?v=Hhy7JUinlu0 }https://twitter.com/gokulr/status/1680006171149869056 }https://www.statista.com/statistics/277501/venture-capital-amount-invested-in-the-united-states-since-1995 }https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm }https://www.bloomberg.com/news/newsletters/2023-08-10/disinflation-wave-the-bloomberg-open-americas-edition }https://www.nytimes.com/2023/08/09/business/china-economy-inflation.html }https://twitter.com/KobeissiLetter/status/1689010884062904320