E31: David Friedberg on How To Build a Billion Dollar Startup

David Friedberg sits down with David Weisburd to discuss the role of concentrated capital, venture capital's future, and the impact of capital saturation. Friedberg shares his experience joining Ohalo, the evolution of investment strategy, and the transition from VC to operator. We’re proudly sponsored by Bidav Insurance Group, visit lux-str.com if you’re ready to level up your insurance plans. The Limited Partner podcast is part of the Turpentine podcast network. Learn more: turpentine.co

Speakers

AI Chat

David Friedberg

Guest • 86%

David Weisburd

Host • 14%

Chapters

0:00	Introduction and discussion on venture performance vs public companies
1:18	Guest Introduction: David Friedberg's early career and lessons learned
7:59	The power of big thinking in companies like Google and Tesla
14:08	Challenges and counter incentives in venture capital
16:39	Sponsor: Bedav Insurance Group
21:27	The power law of returns and talent concentration in successful companies
28:15	The changing definition of 'founder' and the challenge of institutional foundry programs
34:02	The importance of investing in winners and adjusting portfolio construction
37:12	Introduction to Ojalo: mission, business model and global impact
42:03	Transitioning from investor to operator: pros, cons and psychological impact
45:33	Words of wisdom for founders, operators, and investors and critique of LPs' approach
48:06	Introduction of the Limited Partner Podcast newsletter

Transcript

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