Dave Mcclure & Jordan Stein on YC, "Spray and Pray", and Games VCs Play | E1923

This Week in Startups is brought to you by… Mantle. The AI-powered equity management platform designed for modern founders and operators. Get your first 12 months free at https://withmantle.com/TWIST Hubspot for Podcast Networks. Looking to up your marketing game? Check out the podcast: Marketing Against the Grain Hosted by: Hubspot CMO Kipp Bodnar and Zapier CMO Kieran Flannigan They bring you the latest in marketing trends, growth tactics and innovation. Available on all your favorite podcast apps. Curotec. Are you one of those companies that knows you need to be using AI, but you're not even sure where to start? Well then you need Curotec. They are AI experts, and they're offering TWiST listeners an AI Strategy Roadmap tailored to your business for $5000. That's 50% off the normal cost just for telling them we sent you. Check out http://www.curotec.com/twist and get $5000 off! * Todays show: David Weisburd hosts Dave McClure, Jordan Stein, and Jason Calacanis to discuss the evolution of fund spaces. The discuss investing in the YC ecosystem (00:28), the role of secondary funds today (40:26), and the importance of betting on outliers (1:00:49). * Timestamps: (0:00) David Weisburd intros Dave McClure, Jordan Stein, and Jason Calacanis (00:28) Reddit's IPO adds to YC's track record of successful public listings (10:21) Mantle - Get your first 12 months free at https://withmantle.com/TWIST (11:39) Strategy of investing in YC ecosystem and the importance of entry point evaluation (18:40) YC's demo day and opportunities for other accelerators (26:12) Hubspot - Marketing Against the Grain https://www.youtube.com/watch?v=fMNgyVFsk4g https://lnk.to/h3vKHnTW (27:18) YC's demo day and opportunities for other accelerators cont. (32:24) Carta’s report on the rise of capital call requests (39:15) Curotec - Check out http://www.curotec.com/twist and get $5000 off (40:26) The role of secondary funds in the current macroeconomic conditions and the potential for more company shutdowns (1:00:49) Betting on outliers and the decision-making process for doubling down (1:14:16) Lightning round: Top 3 investments from each guest (1:25:20) Discussing the upcoming https://www.liquiditypod.com/summit * Check out: https://mercury.com https://www.gropyus.com https://recargapay.com.br https://www.ridemotive.com https://testrigor.com https://www.krepling.com * Follow Dave: X: https://twitter.com/davemcclure LinkedIn: https://www.linkedin.com/in/davemcclure Check out: https://practicalvc.com * Follow Jordan: LinkedIn: https://www.linkedin.com/in/jordan-stein17 Check out: https://cressetcapital.com * Follow David: X: ⁠https://twitter.com/DWeisburd⁠ LinkedIn: ⁠https://www.linkedin.com/in/dweisburd⁠ Check out: ⁠https://10xcapital.com * Follow Jason: X: ⁠https://twitter.com/jason⁠ Instagram: ⁠https://www.instagram.com/jason⁠ LinkedIn: ⁠https://www.linkedin.com/in/jasoncalacanis * Thank you to our partners: (10:21) Mantle - Get your first 12 months free at https://withmantle.com/TWIST (26:12) Hubspot - Marketing Against the Grain https://www.youtube.com/watch?v=fMNgyVFsk4g https://lnk.to/h3vKHnTW (39:15) Curotec - Check out http://www.curotec.com/twist and get $5000 off * Check out the Launch Accelerator: https://launchaccelerator.co * Check out Founder University: https://www.founder.university * Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason’s suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups * Subscribe to the Founder University Podcast: https://www.founder.university/podcast