Satya Patel joins Jason to discuss the economics of being a self-funded GP and the structure of their fund (6:51). Then, they have an all-encompassing discussion about the challenges of running Google today, the state of VC, and much more (15:44). Before wrapping, they discuss their investing frameworks and when and when they will not break them (43:29).

(0:00) Nick kicks off the show

(1:21) Satya's early days a Google

(6:51) The economics of being a solo GP

(9:29) Mercury - Apply in minutes and get up to $5M in FDIC insurance at https://mercury.com

(10:58) The structure of a fund

(15:44) The challenges of running Google today

(17:51) The evolution of chat-based search

(22:55) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

(24:25) The balkanization of AI data

(29:55) The pace of AI and the harsh reality of the private sector

(38:11) Clumio - Start a free backup, or sign up for a demo at https://clumio.com/twist

(39:28) Saying "no" to external funds

(43:29) Flexible Frameworks

(58:05) Founder Archetypes

(1:01:38) Being "founder friendly" and the importance of board meetings

(1:14:09) Screendoor

(1:22:25) Satya's thoughts on SVB

FOLLOW Satya: https://twitter.com/satyap

FOLLOW Jason: https://linktr.ee/calacanis

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Greetings from France!, Hegerberg's absence, World Cup power rankings, Sargent/Gold Cup