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Michael Burry
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a very bad ๐Ÿ’ฉpodcast about VC secondaries broken unicorns โค๏ธโ€๐Ÿฉน๐Ÿฆ„ & busted carry ๐Ÿ“‰๐Ÿ™ˆ

PublishesWeeklyEpisodes20Founded5 months ago
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Latest Episodes

In this episode of Trading Places, Dave McClure and Aman Verjee dive deep into the rapidly evolving world of private tech markets.

Theyโ€™re joined by:

โ€ข Noel Moldvai (Founder & CEO, Augment Markets)

โ€ข Adam Crawley (Co-Founder, Augment Markets)

... more

In this episode of Trading Places, Dave McClure and Aman Verjee break down the reopening IPO market, sky-high AI valuations, and the growing push for private-market liquidity โ€” before diving deep into Latin Americaโ€™s venture ecosystem with Nathan Lus... more

Episode 18 of the @TradingPlacesPod featuring James Riney from Coral Capital is out now!This week: Dave and Aman kick off 2026 with their macroeconomic predictions (GDP growth, Fed rate cuts, and tax refunds), break down the IPO market outlook (Space... more

Episode 17 of the Trading Places Pod featuring Javier Avalos of Caplight is out now!This week: the IRS as your hidden secondary buyer, why banks need private market solutions, how platform acquisitions are reshaping secondaries, and whether AI compan... more

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Recent Guests

James Riney
Founder and Managing Partner of Coral Capital
Coral Capital
Episode: TP18: James Riney of Coral Capital ๐Ÿ‡ฏ๐Ÿ‡ต | Japan's VC Explosion ๐Ÿš€ | 2026 IPO Predictions ๐Ÿ“ˆ
Javier Avalos
Co-founder and CEO of Caplight
Caplight
Episode: TP17: Caplight's Javier Avalos ๐Ÿ“Š | Secondary Boom ๐Ÿ”ฅ| Why Banks Need Private Mkts ๐Ÿฆ | $230B xAI ๐Ÿš€
Adrien Gautier
Managing partner of Bridgespan, specializing in employee stock option financing.
Bridgespan
Episode: TP16: Bridgespan VC ๐Ÿ’ฐ| Employee Stock Option Financing ๐Ÿซด| Oracle Stock ๐Ÿ“‰ | Waymo Valuation ๐ŸŽ๏ธ
Ben Black
Expert in secondary markets and founder of Akkadian Ventures.
Akkadian Ventures
Episode: TP15: Ben Black Akkadian Ventures๐Ÿ† | Secondaries Secrets ๐Ÿ’Ž | RAISE Conf ๐ŸŽฏ | Vercel $9B ๐Ÿš€
Emily Zheng
Analyst at Pitchbook, specializing in venture capital secondaries
Pitchbook
Episode: TP13: Emily Zheng of Pitchbook ๐Ÿ“Š | VC Secondaries Hit $95B ๐Ÿ”ฅ | Ramp $32B ๐Ÿ’ณ
Sean Engel
General Partner at Top Tier Capital
Top Tier Capital
Episode: TP12: Top Tier's Sean Engel ๐ŸŽฏ | AI Bubble? ๐ŸŽˆ | Data Centers ๐Ÿ—๏ธ | Kraken ๐Ÿ’ฐ
Daniel Blake
Founder and CEO of University Impact, focusing on philanthropy and donor-advised funds.
University Impact
Episode: TP11: Daniel Blake of UI Charitable ๐Ÿ’ฐ๐ŸŽ | Donor-Advised Funds ๐Ÿ“Š | Polymarket vs Kalshi Showdown ๐ŸŽฒ
Rick Baker
Managing Partner at Blackbird Venture Capital
Blackbird Venture Capital
Episode: TP10: Blackbird VC + Canva ๐ŸŽจ | OpenAI $1T IPO๐Ÿ˜ฑ | Tether $500B Val | EquityZen Acquisition
Phil Haslett
Co-founder and Chief Strategy Officer at EquityZen
EquityZen
Episode: TP8: Phil Haslett EquityZen ๐Ÿง˜๐Ÿปโ€โ™‚๏ธ | Goldman Acquires Industry Ventures ๐Ÿ’ฐ | Deel at $17B ๐Ÿค

Hosts

Dave McClure
Co-host with extensive experience in venture capital and investment strategies.
Aman Verjee
Co-host known for insights into market dynamics and investment opportunities.

Reviews

5.0 out of 5 stars from 3 ratings
  • A Hidden Corner of Startup/VC Investing, Explained

    Iโ€™ve really enjoyed the [trading places] podcast. It takes a part of the investing world that usually feels pretty mysteriousโ€”the secondary marketโ€”and makes it easy to follow without dumbing it down. The hosts (Dave McClure and Aman Verjee) ask great questions, and the guests (like Upfront Venturesโ€™ Mark Suster, as well as other secondary investors) give honest, practical insights you donโ€™t hear on most finance/startup/VC podcasts. Iโ€™ve walked away from episodes with a much clearer understanding... more

    Apple Podcasts
    5
    daveschappell
    United States4 months ago
  • Nobody does it better

    This is the single greatest podcast ever done on the VC secondary market.

    Apple Podcasts
    5
    HotHamCheese101
    United States4 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

The engaging style of the hosts allows for an accessible yet informative approach to often-dense material, resonating well with both industry veterans and newer entrants.
Audience feedback highlights the depth of knowledge from guests that adds substantial value to each episode.
Listeners appreciate the insightful breakdown of complex financial topics, particularly in the venture capital sector.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#5
Argentina/Business/Investing
Apple Podcasts
#39
Argentina/Business

Talking Points

Recent interactions between the hosts and their guests.

TP18: James Riney of Coral Capital ๐Ÿ‡ฏ๐Ÿ‡ต | Japan's VC Explosion ๐Ÿš€ | 2026 IPO Predictions ๐Ÿ“ˆ
Q: What has happened with Coral Capital and the venture capital landscape in Japan recently?
James discussed their significant secondary sale in SmartHR, noting it as the largest of its kind in Japan, while also highlighting the growing venture capital market.
TP17: Caplight's Javier Avalos ๐Ÿ“Š | Secondary Boom ๐Ÿ”ฅ| Why Banks Need Private Mkts ๐Ÿฆ | $230B xAI ๐Ÿš€
Q: What are the types of customers for Caplight?
Caplight serves a dual clientele: broker-dealers on the sell side and institutional asset managers on the buy side.
TP17: Caplight's Javier Avalos ๐Ÿ“Š | Secondary Boom ๐Ÿ”ฅ| Why Banks Need Private Mkts ๐Ÿฆ | $230B xAI ๐Ÿš€
Q: Why did you leave and start Caplight?
Javier Avalos identified the fragmentation in the VC secondaries market and the need for a centralized solution for trading these assets.
TP15: Ben Black Akkadian Ventures๐Ÿ† | Secondaries Secrets ๐Ÿ’Ž | RAISE Conf ๐ŸŽฏ | Vercel $9B ๐Ÿš€
Q: What are the current trends in IPO valuations?
The IPO market is showing potential for record highs, with companies like SpaceX and Anthropic considering substantial valuations soon.
TP15: Ben Black Akkadian Ventures๐Ÿ† | Secondaries Secrets ๐Ÿ’Ž | RAISE Conf ๐ŸŽฏ | Vercel $9B ๐Ÿš€
Q: What do you think the prospects are for Vercel at its current valuation?
The growth is extraordinary, making Vercel stand out in the AI application development space.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About trading places

What is trading places about and what kind of topics does it cover?

This podcast focuses on the complexities of the venture capital secondary market, providing insights into the often misunderstood dynamics affecting valuations and liquidity for investors. Episodes typically feature expert guests from the finance and venture capital sectors, discussing trends, notable transactions, and the ramifications of market changes on startups and established firms alike. Topics such as employee stock options, IPOs, and the financial intricacies of tech giants are commonly explored, making it a valuable resource for professionals in the industry seeking to understand the evolving landscape.

One distinctive aspect of this podcast is its approachable language and the engaging banter between hosts. They possess a talent... more

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How many episodes of trading places are there?

trading places launched 5 months ago and published 20 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on trading places?

Recent guests on trading places include:

1. James Riney
2. Javier Avalos
3. Adrien Gautier
4. Ben Black
5. Emily Zheng
6. Sean Engel
7. Daniel Blake
8. Rick Baker

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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