Ankur Nagpal

speaker

437 appearances 1 recordings 1 series first heard Jul 2026 last heard 7 Jul

Ankur Nagpal’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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The Pomp Podcast · How To Invest In OpenAI and Anthropic Before They Go Public | Ankur Nagpal · 7 Jul 2026 podcast

I never got a response and assumed it would be fine.

But yeah, we saw how that turned out.

But it's not just I think.

So I think if you look at venture investing as a whole, there are a ton of people who on paper have done fantastically well, but have made very little cash on cash.

So one part of our strategy is doing exactly that, but less so with SPVs, but with entire venture funds.

So, one of the ways we're constructing our portfolio is we're going to venture funds that may be marked up quite a bit on paper.

Some of their marks are real, some of them are old, 2021 marks.

And we will make a competitive offer to their LPs saying, hey, you want to sell your LP stake, you can sell 25%, 50%, 75%.

But that's a way we are constructing our portfolio in somewhat hard to access names at pretty good prices.

So there's a lot of pushback.

And the pushback very often is they think the marks are worth more than they are because you look at this.

But every single time, I've never done one of these where at least 10% of the fund has not been willing to transact.

And that's all I typically need, right?

If 10% of the fund is willing to transact, that's all we really need.

So there's always enough liquidity that comes out.

However, yeah, there are some people being like, well, you know, my dashboard says this company invested in 2021 is worth $6 billion and you've put a big fat zero against it.

So that's hard to communicate.

But look, we make offers and enough people take them to make our math work.

So we're very conservative.

If I'm trying to underwrite buying out a fund LP stake, there'll be one or two prize assets that I'm like, okay, this is really, really good.

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