Destiny (D/XYZ) and the Buzz Around Public Access to Private Companies | E1933

Sohail Prasad joins Jason to discuss Destiny Tech 100 and why it was created, comparing the market cap to the actual holdings and the pent-up demand, how Destiny acquires the shares and how they manage both positive and negative reactions, and more!

Speakers

AI Chat

Jason Calacanis

Host • 48%

Sohail Prasad

Guest • 50%

Bianca Veltri

Guest • 2%

Partners

Chapters

0:00	Sohail Prasad of Destiny (D/XYZ) joins Jason.
3:46	Breaking down Destiny Tech 100 and why it was created.
5:20	What is a closed-end fund and how does it fit into the ecosystem?
8:37	The DIY approach used to bring this to the market.
9:33	Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST
10:54	How Destiny Tech 100 works as a direct listing.
11:35	Comparing the market cap to the actual holdings and the pent-up demand.
14:46	Looking at how Sohail and the company make their profits and why he does this instead of gathering higher carry.
18:52	Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist
22:05	The concerns of the swinging nature of the stock price and the long-term view.
26:49	How Destiny acquires the shares and how they manage both positive and negative reactions.
30:26	Equinix - Join the Equinix Startup Program for up to $100K in credits and much more at https://deploy.equinix.com/startups
34:10	Destiny’s access to financials for companies in their portfolio.
35:51	Strategy behind exits for the fund and companies that then go public.
43:13	The size of the team needed to run Destiny

Transcript

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