Delian Asparouhov
speaker
4,545 appearances
25 recordings
1 series
first heard Feb 2025
last heard 13 May
Delian Asparouhov’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 7 in all, peaking in Jan 2026 with 4.
Appearances
Like, you know, you're dominated by the big.
It's like, you know, there's this like um I I'm I'm probably gonna butcher it a little bit.
Like, you know, Peters had this, you know, sort of like, you know, thing that he said for sure privately, I'm pretty sure publicly too, so I don't think he'll mind me, you know, sort of saying it, but he like his like biggest error, you know, that he says of like his twenty, you know, sort of tens.
was, you know, his impression was just like, you know, there's not gonna be that many like, you know, you know, a hundred billion, let alone like trillion dollar companies.
But it turns out basically like each individual ten X is actually like easier than the last one.
Basically like
once you're a you know sort of you know trillion dollar you know once you're a hundred billion dollar company, it's actually much easier to go to a trillion than it was to go from like ten to a hundred.
And it's actually much easier to go to ten to a hundred than it is from one to ten.
And it's much easier to go from like one billion to ten billion than it is to go from a hundred million to one billion, et cetera.
And so um yeah, that's you know, in some ways that like momentum begetting momentum is just like making so that these like, you know, companies get bigger faster, they're scooping up capital faster.
And so the venture firms are getting bigger faster.
I think the thing where the stuff starts to break is like I don't think that um the current default fee structure is going to be like where the industry is at, you know, sort of you know, ten years from today.
I won't like name names, but like there's definitely a decent number of uh these multi stage mega funds that um you know are doing, you know, some of their super late stage investing through both like feeless and carryless, you know, basically SPVs.
And so at some point if you're doing like a feeless and carryless SPV where you're investing into a late stage startup.
You basically just work as I R at the startup, right?
Like you know, you're like you're not making Yeah, well I mean
Yeah, well walk me through I mean
Yeah, I mean like
You know, I think the probably like hidden secret of Silicon Valley is like that there's just like a much higher percentage of capital that is deployed via like SPVs and co invest vehicles than is probably like publicly acknowledged or discussed.
Like there are very
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