Asparouhov: Sequoia and a16z are evolving into BlackRock-like mega-managers
Delian Asparouhov · Delian Asparouhov: Inside the Walls of Founders Fund: What the World Does Not See | E1183 · 20VC with Harry Stebbings · Jul 29, 2024 · at 1:01:42
Delian Asparouhov, Partner at Founders Fund, discusses how major VC firms like Sequoia and Andreessen Horowitz (a16z) are shifting business models away from traditional Silicon Valley VC structures.
0:00 / 0:18exact quote · 19.0s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“You are starting to see, obviously, people shift in fundamentally different directions, like Sequoia and C and Z becoming RIAs, maybe points towards a world where they're going to be scaling headcount, asset classes, et cetera, to the point where they start to resemble something more like BlackRock versus, you know, sort of the you know, homegrown, you know, sort of VCs of, you know, the historical Silicon Valley arc.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Delian Asparouhov
Asparouhov: Benchmark cornered Travis Kalanick in a hotel room after mother's death
“Travis committed no crime and they, you know, sort of ousted him despite the fact that, you know, they actually didn't necessarily, you know, have the legal control to do so. They just cornered him in a hotel room, you know, two days after his mother had passe…”
Asparouhov: Western Europe will eventually look like a third-world region
“Western Europe is going to look like a third world.”
Asparouhov: Western Europe is in societal collapse from socialism and regulation
“When you look at United Kingdom, France, Spain, Germany, et cetera, they're all just like completely, you know, sort of falling into societal collapse all for, you know, sort of slightly different reasons, but it comes down to a complete lack of, you know, sor…”
Asparouhov: Bill Gurley's firing of Travis Kalanick was morally depraved
“I wish that, you know, Bill Gurley's, you know, firing of Travis, you know, was, you know, sort of talked about more publicly about how morally depraved that entire basically situation was so that people can choose to opt into.”
Asparouhov: ServiceTitan is closer to LVMH than Tesla
“Service Titan is actually closer to LVMH than it is to Tesla. And that's fine. People should, you know, sort of invest in, you know, sort of brands that have, you know, sort of great distribution. Clearly returns can be made there, but let's, you know, sort of…”