This Week in Startups
This Week in Startups
Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.
Jason Calacanis
PodcastAI
PodcastAI

The End of the ZIRP Era, and why recruiting is SO PAINFUL | E2164

Aug 13, 2025 • 81 mins

We’re back with another all-star VC roundtable discussion. Joining Jason are Dave McClure of Practical VC, NVNG’s Grady Buchanan, and Tomasz Tunguz of Theory VC. Together, they’re having a deep insider discussion of the state of venture, secondary markets, running funds of funds, the legacy of Lina Khan, the difficulty of recruiting, and why the pendulum has potentially swung in founders’ favor.

Key Points

  • Many startups could potentially benefit from rethinking their financing strategies, focusing more on debt rather than equity to maintain operational control and profitability.
  • The venture capital landscape is evolving with a growing emphasis on secondary market transactions, offering liquidity options that can help GPs show DPI and recycle capital more effectively.
  • AI tools are significantly enhancing the capital efficiency of startups, enabling smaller teams to achieve substantial revenue and growth, which may shift traditional fundraising dynamics.
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Speakers

Dave McClure

Guest • 28%

Jason Calacanis

Host • 41%

Grady Buchanan

Guest • 14%

Tomas Tunguz

Guest • 16%

Partners

Squarespace

Chapters

0:00
0:44
1:07
1:31
1:43
3:08
4:10
6:58
9:46
13:42
16:33
20:10
21:25
27:42
31:16
32:38
35:41
38:22
40:40
43:08
45:01
47:17
49:27
51:17
53:24
54:55
57:11
1:00:11
1:02:15
1:06:04
1:07:00
1:09:40

Transcript

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