44 min

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

    • Technologies

This Week in Startups is brought to you by…

Squarespace. Turn your idea into a new website! Go to http://www.Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.

Vanta. Compliance and security shouldn't be a deal-breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. TWiST listeners can get $1,000 off for a limited time at http://www.vanta.com/twist

The Equinix Startup program offers a hybrid infrastructure solution for startups, including up to $100K in credits and personalized consultations and guidance from the Equinix team. Go to https://deploy.equinix.com/startups to apply today.

*

Todays show:

Sohail Prasad joins Jason to discuss Destiny Tech 100 and why it was created (3:46), comparing the market cap to the actual holdings and the pent-up demand (11:35), how Destiny acquires the shares and how they manage both positive and negative reactions (26:49), and more!

*

Timestamps:

(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 Dest

*

Check out Destiny (D/XYZ): https://destiny.xyz/

*

Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

*

Follow Sohail:

X: https://twitter.com/sohailprasad

LinkedIn: https://www.linkedin.com/in/sohailprasad/

*

Follow Jason:

X: https://twitter.com/Jason

LinkedIn: https://www.linkedin.com/in/jasoncalacanis

*

Thank you to our partners:

(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

(18:52) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist
(30:26) Equinix - Join the Equinix Startup Program for up to $100K in credits and much more at https://deploy.equinix.com/startups

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason’s suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

Instagram: https://www.instagram.com/thisweekinstartups

TikTok: https://www.tiktok.com/@thisweekinstartups

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast

This Week in Startups is brought to you by…

Squarespace. Turn your idea into a new website! Go to http://www.Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.

Vanta. Compliance and security shouldn't be a deal-breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. TWiST listeners can get $1,000 off for a limited time at http://www.vanta.com/twist

The Equinix Startup program offers a hybrid infrastructure solution for startups, including up to $100K in credits and personalized consultations and guidance from the Equinix team. Go to https://deploy.equinix.com/startups to apply today.

*

Todays show:

Sohail Prasad joins Jason to discuss Destiny Tech 100 and why it was created (3:46), comparing the market cap to the actual holdings and the pent-up demand (11:35), how Destiny acquires the shares and how they manage both positive and negative reactions (26:49), and more!

*

Timestamps:

(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 Dest

*

Check out Destiny (D/XYZ): https://destiny.xyz/

*

Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

*

Follow Sohail:

X: https://twitter.com/sohailprasad

LinkedIn: https://www.linkedin.com/in/sohailprasad/

*

Follow Jason:

X: https://twitter.com/Jason

LinkedIn: https://www.linkedin.com/in/jasoncalacanis

*

Thank you to our partners:

(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

(18:52) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist
(30:26) Equinix - Join the Equinix Startup Program for up to $100K in credits and much more at https://deploy.equinix.com/startups

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason’s suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

Instagram: https://www.instagram.com/thisweekinstartups

TikTok: https://www.tiktok.com/@thisweekinstartups

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast

44 min

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