Misaligned Incentives Between GPs and Founders with Altimeter's Jamin Ball | E2045

In this episode, Jamin Ball and Alex Wilhelm explore the intricate dynamics between venture capitalists and founders, focusing on incentive alignment and the demand for venture capital allocation. They compare returns from small versus large venture funds and discuss the effects of rapid fundraising cycles on founders. The conversation delves into the impact of venture capital on startup M&A activity and the valuation disparities between public and private markets. They offer insights on the future of startup liquidity, AI's role in startup growth, and trends in SaaS multiples. Jamin shares his investment outlook and expectations for IPOs and startup exits in the coming year, highlighting promising companies and market differentiation.