Gavin Baker
speaker
2,717 appearances
14 recordings
4 series
first heard Dec 2024
last heard 26 Jun
Gavin Baker’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 — 11 in all, peaking in Jun 2026 with 6.
Appearances
And I'd say the same thing about late stage privates, people who are YOLOing into this stuff, and then they feel really disappointed.
They're like, hold on a second.
I bought the SpaceX IPO and it didn't go up 3x.
You're selling into this.
Right?
I have LPs in this room who say, listen, we invested in your VC5 or VC6 seven or eight years ago.
If you can go sell a slice of that at four or five X and we get DPI and it's priced really high, then go sell some of it.
And we often don't talk about this in venture land.
Half of what we do is in the public markets.
Gavin and I get up every morning and we think to ourselves, should we buy today or should we sell today?
Venture capitalists don't think about the sell part.
They think about the buy part.
So if we're going to stay private for longer and we're going to have trillion-dollar private companies and Databricks at $200 billion, you've got to think about, is today a day we should be selling some and returning it to our investors?
Well, no, in the private- Sorry, in the publics, nobody knows.
In the publics, they don't know until our 13F comes out, okay?
But in the private market, it's always a conversation between me and the founder to say, listen, we're going to sell 30% of our position.
They never like it, Chamath.
They're always like, we wish you wouldn't do that.
They don't want it known, et cetera.
But my job as a fiduciary to the LPs in this room is to do that.
Showing 1481–1500 of 2,717 · page 75 of 136
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