Latest Interviews

E96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more

Chamath, Calacanis, Friedberg, Jake

Adobe finalized a $20 billion acquisition of Figma, a deal structured with a mix of cash and stock to bypass shareholder voting requirements while positioning the software giant against existential threats from cloud-native rivals and Canva. The transaction effectively doubles Figma's recent valuation and transforms Adobe's financial profile from a mature cash-flow entity into a high-growth platform, despite triggering an immediate ~18% drop in Adobe's market capitalization. Concurrently, the broader economic discussion highlighted systemic risks including FedEx's recession warnings, geopolitical food security crises driven by the war in Ukraine, and new regulatory challenges surrounding antitrust enforcement and affirmative action.

dLocal CEO Sebastian Kanovich: The $8BN Company You Might Not Know | 20VC #926

Sebastian Kanovich, Seba Kanovich

Seba Sacerdotte guides D-Local, a Latin American payment processor with a lean workforce of 650 across 35 countries, toward a long-term transformation into a comprehensive financial services provider for emerging markets. Having navigated a transition from a bootstrapped entity to a publicly traded company with General Atlantic's backing, the firm prioritizes rapid execution and customer-led product development while avoiding reliance on established corporate affiliations. Sacerdotte's leadership philosophy centers on aggressive market entry in high-friction regions and a culture of extreme frugality that evolved into a 100-year strategic mindset following the company's 2021 IPO.

What is the future of the British monarchy?

Zanny Minton Beddoes, Catherine Nixey

Following the death of Queen Elizabeth II, King Charles III assumes the throne amid a rapid surge in domestic approval ratings and significant global concern regarding the future cohesion of the Commonwealth. The monarch faces the immediate challenge of overcoming a legacy of personal controversies and establishing a distinct constitutional identity while attempting to distance himself from the monumental stature of his mother. Despite widespread speculation about slimming down the royal family, the institution is expected to endure as the transition solidifies Britain's status as a mid-sized nation with a shortened reign ahead.

Advantages Of A First-Time Founder

Harj Taggar, Michael Seibel, Brad Flora

First-time founders often outperform repeat founders by leveraging their lack of established networks to take higher risks, rely on direct customer validation, and endure a more rigorous investor feedback loop. While repeat entrepreneurs benefit from financial independence and domain expertise in capital-intensive sectors, they frequently face analysis paralysis, market selection bias, and the trap of optimizing for peer approval rather than product-market fit. Ultimately, successful execution depends on embracing constraints as a creative force rather than relying on reputation or capital to mask a lack of genuine user traction.

Why America’s murder rate has spiked

Daniel Knowles

Between 2020 and 2022, the United States experienced a historic surge in homicides that erased decades of progress, driven by record firearm availability, pandemic-induced isolation, and eroded community trust following high-profile police killings. This spike disproportionately impacted Black communities and major cities like Philadelphia and New York, where violence rates climbed significantly despite the broader national trend diverging from global patterns. While violence interruption programs and calls for restored police relations offer potential mitigation strategies, experts warn that without targeted intervention, these elevated murder rates risk becoming a permanent national baseline.

Lewis Capaldi: The Untold Story Of Becoming A Global Superstar At 22 | E178

Lewis Capaldi

Scott Capaldi openly discusses his journey from severe childhood hypochondria and undiagnosed Tourette's syndrome to a professional career marked by panic attacks and a diagnosis that clarified his physical tics. The artist details the psychological strain of transitioning abruptly from small venues to arenas, the industry's unrealistic feedback scale, and his strategic use of self-deprecation to maintain authenticity while battling imposter syndrome. Despite these challenges, Capaldi emphasizes his reliance on cognitive behavioral therapy to manage anxiety, his cautious optimism for future creative projects like film scoring, and his commitment to preserving his mental health through work-life balance and family support.

Christopher Capozzola: World War I, Ideology, Propaganda, and Politics | Lex Fridman Podcast #320

Christopher Capozzola, Lex Fridman

Historian Christopher Capozzola examines World War I as an inevitable systemic collapse driven by imperial rivalries and industrialized warfare, while detailing how U.S. involvement transformed domestic citizenship through mass conscription and the creation of a surveillance state. The discussion outlines the war's failure to secure lasting peace via the Treaty of Versailles and U.S. isolationism, which inadvertently fueled the rise of Nazism and subsequent global conflicts. Capozzola concludes by distinguishing between patriotism and nationalism to advocate for civic unity, while warning against modern technological polarization and the dangers of nuclear escalation.

Eleanor Dorfman: How We Scaled Retool to $50M ARR; Red Flags for Sales Hires | 20VC #925

Eleanor Dorfman

Eleanor, a seasoned leader who rose from an unpaid intern at Clever to Head of Customer Success at Retool, advocates for prioritizing character and curiosity over pedigree when hiring early-stage sales talent. She advises founders to defer building sales playbooks until product-market fit is achieved and to compensate teams using bell-curve logic that ensures at least 80% of representatives can meet their targets. Emphasizing the shift from transactional selling to behavior change, she urges organizations to invest in sales infrastructure and diverse leadership before scaling, while rejecting discount-heavy strategies in favor of validating customer ROI.

Charles C. Mann - Americas Before Columbus & Scientific Wizardry

Charles C. Mann

The event examines historical contingency in colonial conquest and slavery through case studies of elite collaboration, epidemic-driven collapse, and the rise of Maroon societies. It contrasts technological divergences and "Wizard versus Prophet" debates on environmental limits with modern geopolitical shifts in the American West and Native sovereignty. Finally, the discussion evaluates future policy challenges regarding geoengineering, regulatory trade-offs, and the allocation of resources for critical human needs.

Is the war in Ukraine nearing its end?

On September 6th, Ukraine launched a surprise counterattack supported by an unprecedented flow of Western intelligence and weaponry, liberating over 8,000 square kilometers of territory and collapsing Russian defenses around Kharkiv. This strategic reversal has forced the Kremlin into defensive silence while exposing internal vulnerabilities, including rising nationalist discontent and a direct threat to Vladimir Putin's legitimacy. Although the offensive has shifted Ukrainian war aims toward reclaiming all pre-2014 borders, experts maintain that while military victory remains achievable, the immediate collapse of the Russian state remains unpredictable.

Bear Market Bounce or Stock Market Bottom?

Peter Oppenheimer, Alison Nathan

Current equity rallies are classified as bear market corrections rather than a transition to a new bull cycle, as key indicators including valuations, economic deterioration, and investor sentiment have not yet reached the extremes typically required for a bottom. While Goldman Sachs projects a further 30% decline in major markets with the S&P 500 potentially falling to 3,150 in a recession scenario, the downturn is distinguished from structural crashes by healthier corporate balance sheets and robust regulatory frameworks. Investment strategies are shifting toward diversification and a barbell approach that combines defensive growth with deep-value resources, waiting for specific macro signals before anticipating sustained positive returns.

Swapping the Engine Out of a Moving Race Car with Ella Ehrlich

Ella Ehrlich, Ron Minsky

Jane Street engineers are modernizing the legacy Gord trading infrastructure by migrating its distribution layer to Kafka, implementing automated release pipelines, and refactoring data normalization to ensure high availability and scalability. These technical upgrades, which include shifting from push to pull-based data delivery and eliminating manual global deployment processes, directly support the system's goal of achieving 24/7 uptime without daily resets. Concurrently, the firm is expanding its engineering pipeline through targeted diversity initiatives like the Insight and InFocus programs, which have successfully raised female intern representation to 25% while establishing long-term relationships with underrepresented minority candidates.

Will Quist: Why 95% of Venture Capital is Not Really “Venture Capital” | 20VC #924

Will Quist, Harry Stebbings, Don Valentine

Will, a sixth-generation Bay Area native, launched SLO after a decade at Industry Ventures to challenge an industry he argues has abandoned true venture for consensus-driven growth capital. Operating with a "Special Forces" approach for early bets, the firm applies Charlie Munger's five enterprise value levers to identify founders and markets capable of converting hypotheses into first-party data. SLO remains a focused classic venture firm committed to avoiding multi-stage dilution while educating the market on which business models genuinely require venture funding.

Chris Kamara: The Untold Heartbreaking Story Of A Football Legend!

Chris Kamara, Stephen Bartlett

Football legend Chris Kamara discusses his life journey from overcoming severe racism and a turbulent childhood to navigating a broadcasting career, while addressing his recent diagnoses of an underactive thyroid and apraxia of speech. Despite facing significant health challenges that require intensive neurological therapy and cause severe anxiety, Kamara continues working in media after networks affirmed that even a reduced version of his output remains valuable. The conversation concludes with his reflection on family as his primary focus and a sponsorship feature for Huel ready-to-drink beverages.

E95: Winter is Coming, Europe's energy crisis, Kim Kardashian's new PE firm & more

Kim Kardashian, Kara Swisher, Friedberg, Queen Elizabeth II, Truss, Scholz, Macron, Biden, Putin, Jason Calacanis, David Sacks

Chamath Pillai, Jason Calacanis, and their guests analyze a severe European energy crisis driven by Russian gas cuts and infrastructure failures, arguing that Western leaders face inevitable political collapse or forced negotiations with Moscow to secure winter supplies. The discussion further examines a market shift where traditional brands are being displaced by influencer-led ventures leveraging direct audience distribution, while simultaneously warning of a public health emergency stemming from the overprescription of ADHD medications to children. Concluding with personal updates, the hosts detail their rejection of high-value media deals to preserve editorial independence and announced the launch of a new public venture fund aimed at securing institutional backing.