DealBook Conference 2015 - Venture Capital And Where It’s Going

Competition for fabled “unicorns” has become the obsession among most venture capitalists. But does chasing one-in-a-million bets make sense? Or does it distort the incentives for entrepreneurs and funders?

A conversation about what makes for sustainable funding, and the risks and rewards of chasing the big prize.

Chris Sacca, founder and chairman, Lowercase Capital

Peter Thiel, partner, Founders Fund

[YardLimit]

Sorkin proves that he can be a good interviewer when he isn't on CNBC where he constantly interrupts guests. This was an amazing interview with two amazing people!

[peterwalker]

Sacca and Thiel don't have an educational background in tech and yet all the investments they make are primarily in tech... Goes to show you can self teach yourself anything

[qncsc]

12:25
here we go: we cannot escape the need to gravitate toward "racism, sexism."

*solution:*
if you are a woman, go to the about 1, 000, 000, 000 other women on the planet, who have capital that can be lost in an investment, present your plan and ask for some capital to support your vision. and if your vision is great and executed well, all those other billions of (supposed) "sexists/racists" will clamor to get in on that great event!

[lazzledazzle]

Trying to win points with the ladies, how ridiculous, was loving the talk until it became an identity politics debarcle. Looks like investing in unicorns actually makes you more regressive and liberal, who would have thought.

[brycet]

Chris Sacca won't answer a question because he doesn't want to end the talk on such a "negative" question? Get over it. Answer the question. It definitely wasn't a bad one and my suspicion is the only problem was a looming bad answer from Chris. I would've liked to hear more from Peter on that as well.

[forgerboy]

I'm kind of pissed that Thiel didn't call out Sacca with his regressive bullshit. He is clearly the better thinker in that arena. I can understand why but Sacca keeps pulling this white guilt shtick that completely invalidates his brilliant investing "idiot savant" would be a good characterization I guess.

[harrison]

4:25
9:49 - This could also apply to Elon Musk today
14:00
16:37
18:44 19:23 19:31 - Über ethically challenged and rules
22:00
24:50
28:20
29:41

[MarshallWilkinson]

Peter- Don’t do panels/interviews with The New York Times. You’re wasting your time.

[TheAppleworker]

And why did Sacca keep saying "he" when referring to Peter? and not "Peter?"

[RAMSEY]

Good grief grown men taking about hearts ♥️ and likes.

[taraharrison]

I know how many times I've been right next to greatness (skill and skillsharing wise) and the circle literally physically closes me out and I would feel too humiliated to ask a question or learn or get ACCESS because you feel like at best the annoying little sister who is a fucking joke and has no business being there. A man fruend on the other hand? Open access and builds up a guys cred to explain and teach to *him*.
Music, tech, investing, you name it-almost any field if a man is in the room.
This is a description by the way. I'm not hating on anyone-if I was I wouldn't put it here desperately hoping to be heard and learned *from* by guys in an all male video or an audience half men.
A huge example is how much women comedians have to resort to sex jokes to make it in.

[iali]

Chris Sacca is so on the spot. There is a Silicon Valley language bias.

[kayhaus]

Glad I watched this so I can finally understand why people think Thiel is such a creep. He did not disappoint.