trading places

Welcome to Trading Places, the extremely terrible, very bad podcast on VC secondaries. Hosts Dave McClure and Aman Verjee unpack the biggest news in venture capital, late-stage funding, crypto valuations, and this week's explosive valuation corner on why Grayscale's IPO might be heading for disaster. This Thanksgiving episode dives deep into Michael Burry's controversial claims that Big Tech is co...

Episode 13 of @TradingPlacesPod featuring Emily Zheng (@Pitchbook) is out now! Welcome to Trading Places, the extremely terrible, very bad podcast on VC secondaries. Hosts Dave McClure and Aman Verjee (with special guest Amber filling in) break down the biggest news in venture secondaries, late-stage funding rounds, market dynamics, and this week's exclusive interview with Emily Zheng from Pit...

Episode 12 of the @TradingPlacesPod featuring Sean Engel from Top Tier Capital Partners is out now!  This week: Are we in an AI bubble (again)? Data center capacity constraints meet infinite hyperscaler ambition, SoftBank sells Nvidia (again!) to bet on OpenAI, and venture secondaries are the new must-have strategy for every LP trying to escape the 15-year fund cycle. 00:00 - cold open/intro 00:53...

Episode 11 of the Trading Places Podcast featuring Daniel Blake from UI Charitable is out now! This week: the IRS as your secret secondary buyer, donor-advised fund (DAF) strategies that turn illiquid assets into tax savings, and the wild world of prediction markets—where Polymarket and Kalshi are coming for DraftKings’ and FanDuel’s lunch money. Timestamps: 00:00 - Intro 01:05 - Tech VC secondary...

This week on Trading Places, hosts Dave McClure and Aman Verjee cover the latest tech news, including OpenAI's path to a trillion-dollar IPO, Big Tech's massive AI spending spree, and Tether's $500 billion valuation. Plus, we sit down with Rick Baker, Managing Partner at Blackbird Venture Capital, to discuss the incredible Canva story, secondary transactions, and building Australia's venture ecosy...

Episode 8 of the Trading Places Pod featuring Phil Haslett from EquityZen is out now. This week we dive deep into OpenAI's massive semiconductor partnership deals ($500B+ across AMD, Broadcom, Nvidia & Oracle), Goldman's billion-dollar acquisition of Industry Ventures, plus emerging IPO opportunities including Tempo's $5B series A and Anysphere's $27B valuation. Our guest Phil Haslett breaks d...

Episode 9 of the Trading Places Podcast featuring Seedcamp's Reshma Sohoni and Carlos Eduardo Espinal is out now. This week we cover a jam-packed news cycle (prediction markets 📈, Google-Anthropic deal, Oracle's $38B debt raise, Tether's 500M users 🌍) plus an in-depth interview with the legendary Seedcamp co-founders on their pioneering secondary fund sale strategy. And of course, Professor Verj...

Episode 7 of  the Trading Places Podcast  featuring  Turner Novak from  The Peel Pod  and Banana Capital is out now. This week we cover a range of news highlights from a very boisterous week in tech and fundings (Polymarket, Kalshi, Navan IPO, Bitcoin shorts, gold price boom) plus a jam packed [valuation corner] hosted by Practical Venture Capital's GPs Dave McClure and Aman Verjee on OpenAI's lat...

episode 6 of @+[trading places] feat. our dear friend / VC’s chief graph officer, peter walker of carta—is out now! 00:00 — cold open [ news ] 00:38 — this week’s news 01:34 — triple triple double double = ded ded DED 03:36 — state of the software 2025 report 07:42 — openAI completes tender offer… what now? 09:43 — IPOs Q3 update 11:43 — get ur IPO on: wealthfront 12:32 — cerebras don’t need no st...

episode 5 of @+[trading places], a very bad 💩podcast about VC #secondary 2️⃣, broken unicorns 🦄💔& busted carry 😱, is out NOW! this week, we sit down with Joe Schorge and Omolade Idebisi of EU fund of funds (FoF) Isomer Capital about secondary fund strategy, GP-led vs. LP-led and how they navigate a world of weird discounts when they go to trade in the secondary market. plus Dave Mcclure sh...

[ trading places ] episode 4:a very bad 💩podcast about VC #secondary 2️⃣, broken unicorns 🦄💔& busted carry 😱 this week in 2ndry: we talk #SPVs #KYC and #liquidity w/ nik talreja CEO @ sydecar timestamps: [ tech + vc news ] 01:14 — ipo window creaks open (klarna, figma, netskope, stubhub) 07:00 — tiktok deal: oracle, xi, trump 10:16 — fed cuts 25bps → bullish for tech [ nik talreja intervie...

IPOs are overrated. secondaries are where the bodies get buried. in ep.3 of [trading places], dave mcclure & aman verjee get way too many smart people on one bad pod: emily zheng (pitchbook) — the adult in the room with $61b in us vc secondaries, step-ups, discounts, rofrs, and why ai is the only thing saving your carry. sim desai (hiive) — transparency = liquidity. kraken vs coinbase, spvs mu...

a very bad podcast about broken unicorns & busted carry in this ep of [trading places], dave mcclure & aman verjee sit down with upfront ventures’ mark suster to talk: * why he sold $600m+ in secondaries before the crash * why vcs are emotionally bad at selling (spoiler: regret math) * how funds fake “long-term conviction” while quietly cashing out * the trillion-dollar tiktok problem &amp...

in this inaugural ep of [trading places], dave mcclure & aman verjee welcome david zhou (super clusters) to talk secondary markets, ai bubbles, and why your DPI might be total bs we go deep on: – openai’s $500B tender – canvas vs databricks valuations – LP/GP dynamics – when to sell in secondaries – spv food fights – and the ghost of rap battles past also: mean VC, VC trading cards, and the mo...