• "Turpentine VC" | Venture Capital and Investing

  • By: Erik Torenberg
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"Turpentine VC" | Venture Capital and Investing

By: Erik Torenberg
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  • Summary

  • On Turpentine VC, host and venture capitalist Erik Torenberg delves deep into the art and science of building successful venture firms through conversations with the world’s best investors and operators. Hear about insider strategies on decision-making, investment theses, and building firms for the long term—from the ground-level, VC to VC. Guests in season 1 include Ben Horowitz of a16z, Mamood Hamid and Ilya Fushman of Kleiner Perkins, and Alfred Lin of Sequoia. Turpentine VC is part of the Turpentine podcast network. Learn more: turpentine.co
    2023
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Episodes
  • E40: Venture, AI, and the Defense Industry with Joe Lonsdale of 8VC, Josh Wolfe of Lux Capital, and Matt Steckman of Anduril

    E40: Venture, AI, and the Defense Industry with Joe Lonsdale of 8VC, Josh Wolfe of Lux Capital, and Matt Steckman of Anduril
    May 21 2024
    This episode of Turpentine VC is a live panel from the Hill and Valley Forum held in May 2024 on the pivotal role of novel technologies and AI in modern warfare and defense strategies, and how venture is helping rebuild the capital formation of the industrial base. Senator Mike Rounds moderates Joe Lonsdale, Managing Partner at 8VC, Josh Wolfe of Lux Capital, and Matthew Steckman, CRO at Anduril to discuss the novel military applications of the technologies they are working on and the shift in culture at the DoD that could usher in a new future of warfare. Source better deals with the most complete startup database: https://bit.ly/harmonicturpentine RELATED PODCAST: Subscribe to The Hill & Valley Podcast This season brings together Silicon Valley innovators and lawmakers to address the most pressing problems: the techno-economic war with China, AI regulations, and the next space race. Hear new episodes with Alex Karp, Jacob Helberg, Alexandr Wang, Jack Clark, Roelof Botha, Delian Asparouhov, and Vinod Khosla. Apple: https://podcasts.apple.com/us/podcast/the-hill-valley/id1692653857 Spotify: https://open.spotify.com/show/39s4MCyt1pOTQ8FjOAS4mi -- SPONSORS: 🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine (and make sure to mention Turpentine VC during your demo.) 💥 Access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com and mention “Turpentine” to skip the waitlist. This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co. -- RECOMMENDED PODCASTS: The 10x Capital Podcast If you like Turpentine VC, check out our show The 10x Capital Podcast with David Weisburd, where David talks to the investors behind the investors: https://10xcapitalpodcast.com/. Alex has been a guest on his feed as well. -- LINKS: https://www.thehillandvalleyforum.com/ -- TIMESTAMPS: (00:00) Intro (01:32) Introductions and Expectations: Panelists Share Their Vision (01:53) Spotlight on Defense Innovation: From AI to Aerospace (06:46) The Future of Warfare: AI, Autonomy, and New Technologies (09:23) Venture Capital and Defense: Bridging the Gap for Battlefield Superiority (12:11) AI in Defense: Opportunities, Challenges, and the Path Forward (14:50) Sponsor: Harmonic | Squad (17:20) Australia's Defense Modernization, With the Help of a US company, OSUC (28:14) Leveraging AI Beyond Weapon Systems: Healthcare and Maintenance (31:29) Closing Remarks
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    32 mins
  • E39: Navigating the AI Supercycle with Will Summerlin of Autopilot

    E39: Navigating the AI Supercycle with Will Summerlin of Autopilot
    May 14 2024
    In this episode of Turpentine VC, Erik Torenberg interviews Will Summerlin, managing partner at Autopilot, a VC firm investing in companies that use AI to automate industries. Prior to co-founding Autopilot, Will was an investor at ARK. Erik and WIll discuss where to find alpha when investing in AI, the competitive edge of incumbents versus startups, and investment strategies tailored to AI's potential. -- SPONSORS: 🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine (and make sure to mention Turpentine VC during your demo.) 💥 Access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com and mention “Turpentine” to skip the waitlist. This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co. -- LINKS: Will Summerlin's podcast: Autopilot - Autopilot explores the adoption and rollout of AI in the industries that drive the economy and the dynamic founders bringing rapid change to slow-moving industries. From law, to hardware, to aviation, Will Summerlin interviews founders backed by Benchmark, Greylock, and more to learn how they're automating at the frontiers in entrenched industries. Listen on Spotify: https://open.spotify.com/show/6YQZkKHN7EP2yWedAvSxBC?si=18377c69a2804333 Listen on Apple: https://podcasts.apple.com/ca/podcast/autopilot-with-will-summerlin/id1738163836 Autopilot VC: https://apv.vc/ -- TIMESTAMPS: (00:00) Intro (00:45) Thesis of Autopilot's fund and the AI Supercycle (02:05) The Edge of AI in Various Domains (03:07) Venture Capital Perspectives on AI Startups (06:20) Identifying Opportunities and Challenges in AI Investment (06:48) Deep Dive into AI's Impact on Specific Industries (11:46) Strategies for AI Startups and Investment Insights (13:55) The Future of AI: Foundation Models and Startup Opportunities (14:15) Sponsor: Harmonic | Squad (16:44) Llama 3 Use Cases (23:49) Drawing Parallels: From the Industrial Revolution to Today's AI Revolution (24:32) The Impact of AI on Software Development and Productivity (24:55) Exploring the Dynamics of Revenue and Cost Centers in the AI Era (26:04) Strategy: Navigating the Series A and B Landscape (30:17) The AI Super Cycle: Predicting a Surge in Enterprise Value (32:44) Finding Alpha in a Crowded Market (39:51) The Monopolistic Outcomes of AI Markets (41:50) Fund Size and Investment Strategy in the Series A and B Space (45:26) Automating Financial Services in FinTech and AI (48:36) Wrap -- RECOMMENDED PODCASTS: The 10x Capital Podcast If you like Turpentine VC, check out our show The 10x Capital Podcast with David Weisburd, where David talks to the investors behind the investors: https://10xcapitalpodcast.com/.
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    48 mins
  • E38: Turpentine Fund Brainstorm with Alex Edelson of Slipstream

    E38: Turpentine Fund Brainstorm with Alex Edelson of Slipstream
    May 7 2024
    In this episode of Turpentine VC, Erik Torenberg sits down with Alex Edelson from Slipstream Investors, and explores the potential for a new fund built on top of Turpentine, Erik's media company. This live pitch jam session covers the key questions and mental models for building and validating a new fund. They also cover portfolio construction, fund size and stage, and the delicate balance between sticking to proven strategies and evolving with the market's needs. Source better deals with the most complete startup database: https://bit.ly/harmonicturpentine -- SPONSORS: 🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine (and make sure to mention Turpentine VC during your demo.) 💥 Access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com and mention “Turpentine” to skip the waitlist. This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co. -- RECOMMENDED PODCASTS: The 10x Capital Podcast If you like Turpentine VC, check out our show The 10x Capital Podcast with David Weisburd, where David talks to the investors behind the investors: https://10xcapitalpodcast.com/. Alex has been a guest on his feed as well. -- LINKS: Turpentine's master plan: https://phantom-nape-ffe.notion.site/Turpentine-master-plan-524e460771354cb7a84328939c5d9cf1 Slipstream Investors: https://www.slipstreaminvestors.com/approach -- TIMESTAMPS: (00:00) Intro (00:39) Exploring the Potential of Turpentine as an (09:13) Navigating the Challenges of Media and Investing Synergy (17:22) Sponsor: Harmonic | Squad (19:51) Portfolio Strategies and LP Preferences (24:50 )Exploring Venture Capital Strategies and Insights (26:10) Building a Media Empire (31:01) Sector Focus and Portfolio Construction (32:30) Building a Compelling Venture Fund Pitch Deck (36:12) Proving Out the Strategy (40:21) Future Fund Growth and Strategy Adaptation (45:58) Wrap
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    47 mins
Economics Personal Finance
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