“Alright, so in, in the tech industry, and especially in Silicon Valley, I think we have a very unhealthy practice where our identities are aligned with our work.”
quote is from the automated transcript, cleaned for reading:
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More from Ruchi Sanghvi
Opinion
Sanghvi: VCs demanding innovation while operating as legacy firms is 'bullshit'
“You know, I think it's bullshit that VCs ask their companies to innovate when they operate as old school white collar legacy firms.”
Ruchi SanghviJun 10, 2022▶ 9:01Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
Opinion
Sanghvi: The tech industry is extremely ageist, driving a fear of irrelevance
“And then on the flip side, I find the tech industry is extremely ageist. Things advance so quickly that most people end up fearing being irrelevant. So if you take your foot off the pedal or you take a break, you kind of need to start from ground zero all over…”
Ruchi SanghviJun 10, 2022▶ 34:21Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
Insight
Sanghvi: DAOs require centralized operational structures to run efficiently
“Contrary to what DAO stand for, there's some efficiency in centralized organizations and having centralized operational capabilities, which is kind of similar to venture.”
Ruchi SanghviJun 10, 2022▶ 22:59Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
PredictionOpen · timeframe Jun 2037
Sanghvi predicts institutional LPs will invest directly into DAOs by 2037
“And one would assume that if these DAOs are to be successful over time, much like companies, institutional investors over time will find direct access to these DAOs. Now it might take like, you know, 10 years, five years, 15 years, but if this is already happe…”
Ruchi SanghviJun 10, 2022▶ 30:25Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
AssertionNot checkable as stated
South Park Commons was the top talent source for OpenAI in 2016
“In fact, in 2016, we were the largest top of funnel for both of these organizations.”
Ruchi SanghviJun 10, 2022▶ 7:54Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
Disclosure
Sanghvi: South Park Commons fund holds first right of refusal on member startups
“So the fees that we generated from the fund are used into running the operations of the community, and the community members in turn have given the fund the first right of refusal to invest in their companies.”
Ruchi SanghviJun 10, 2022▶ 8:21Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
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