Satya Patel on the state of VC, flexible investing frameworks & converting to evergreen | E1715

Satya Patel joins Jason to discuss the economics of being a self-funded GP and the structure of their fund (6:51). Then, they have an all-encompassing discussion about the challenges of running Google today, the state of VC, and much more (15:44). Before wrapping, they discuss their investing frameworks and when and when they will not break them (43:29). (0:00) Nick kicks off the show (1:21) Satya's early days a Google (6:51) The economics of being a solo GP (9:29) Mercury - Apply in minutes and get up to $5M in FDIC insurance at https://mercury.com (10:58) The structure of a fund (15:44) The challenges of running Google today (17:51) The evolution of chat-based search (22:55) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST (24:25) The balkanization of AI data (29:55) The pace of AI and the harsh reality of the private sector (38:11) Clumio - Start a free backup, or sign up for a demo at https://clumio.com/twist (39:28) Saying "no" to external funds (43:29) Flexible Frameworks (58:05) Founder Archetypes (1:01:38) Being "founder friendly" and the importance of board meetings (1:14:09) Screendoor (1:22:25) Satya's thoughts on SVB FOLLOW Satya: https://twitter.com/satyap FOLLOW Jason: https://linktr.ee/calacanis Subscribe to our YouTube to watch all full episodes: https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1 FOUNDERS! Subscribe to the Founder University podcast: https://podcasts.apple.com/au/podcast/founder-university/id1648407190