FTC antitrust revision, 5G rollout pause + David Rosenthal's $2.8M fund: Angel S6 E2 | E1364
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 20 January 2022
⏱️ 77 minutes
🧾️ Download transcript
Summary
First Jason and Molly cover how 5G rollouts are causing problem with airlines (2:03) and Lina Khan’s remarks on reworking antitrust regulation to not only consider deals inflicting consumer harm, but those lessening competition (10:10).
Then, David Rosenthal for Season 6 Episode 2 of Angel (29:00)
- David’s been a VC for a while, but he just launched a new $2.8M fund part-time with Nat Manning
- We get into why his small fund size is actually so significant and represents new possibilities in venture
- How he uses his podcast and community to get dealflow
- What he thinks you need before starting your own VC fund
(00:00) Jason intros the show
(02:03) Verizon and AT&T are running into 5G rollout challenges with airlines and the FAA
(08:57) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/angel
(10:10) Lina Khan's new view on antitrust
(18:51) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(20:10) Revisiting the $MSFT - $ATVI acquisition through the lens of "game share"
(22:07) Lina Kahn is considering expanding the view of antitrust for its impact on labor
(27:28) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups
(29:00) Welcoming David Rosenthal to the show
(31:57) Size & mandate of David Rosenthal's new fund, Kindergarten Ventures
(34:47) How the Acquired community fuels David's investing
(38:37) Can you start a fund without brand?
(41:06) How to navigate pro-rata as a small fund?
(42:40) Using SPVs to lead follow-on investing
(44:18) How a part-time investing is Kindergarten's secret weapon
(47:02) Choosing 506 C vs. traditional fund structure
(52:59) Raising Kindergarten VC
(54:48) "AWS" options for venture funds
(55:45) Why a $2.8M venture fund is finally possible
(1:02:31) Investing with a fund vs. being an angel
(1:05:45) David's take of the crypto ecosystem and how he evaluates crypto deals
(1:10:14) What aspect of investing has been the most difficult to learn?
(1:15:34) Best way to pitch David
FOLLOW David: https://twitter.com/djrosent
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Today, we have an amazing interview for episode two of season six of Angel. Yes, this is the |
| 0:07.7 | series where we're talking to first fund |
| 0:10.7 | GPs, the general partners at first time funds and David has been a VC for a while, but he just launched his first |
| 0:17.4 | $2.8 million fund |
| 0:19.2 | with his partner Nat Manning and we get into why they went for such a small size fund when he could have probably raised more |
| 0:25.6 | and using his podcasting community to generate deal flow and to help his companies, but first |
| 0:30.8 | A lot of news is happening and we're talking about the 5G rollout. This is not a conspiracy theory. This is not fake news |
| 0:37.3 | Causing problems with airlines and planes landing safely at airports. It's a super fascinating |
| 0:43.0 | discussion between Molly and I we then move on quickly to Lena Khan the head of the FTC |
| 0:48.0 | Who is only 33 years old and incredibly well-spoken and a great thinker apparently from these clips that we saw today |
| 0:53.4 | She talks about |
| 0:54.8 | Remaking |
| 0:56.0 | Antitrust law is not looking at consumer harm, but looking at |
| 1:00.0 | Actually downstream competition and does a merger result in less competition in the future. It's going to be a great episode |
| 1:08.0 | stick with us |
| 1:11.2 | season six of angel is brought to you by |
| 1:15.0 | Embroker the Embroker startup insurance program helps start up secure the most important types of insurance at a lower cost |
| 1:22.7 | And with less hassle save up to 20% off traditional insurance today at Embroker.com slash twist |
| 1:30.6 | While you're there get an extra 10% off using offer code twist |
| 1:35.2 | Hour crowd |
| 1:36.4 | Hour crowd helps you invest early in pre IPO companies alongside professional VCs |
| 1:42.9 | If you're interested in investing you can join Hour crowd for free at OUR |
... |
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