episode 1 — david zhou: superclusters, secondaries & busted dpi
“a very bad podcast about broken unicorns & busted carry.”
in the first episode of trading places, dave mcclure & aman verjee sit down with david zhou (superclusters) to rip into the myths of venture returns. they get real about openai’s $500b tender, canvas vs databricks valuations, lp/gp tension, and why most dpi flexing is a lie. also: spv food fights, mean vc energy, and one unexpected rap reference.
🎙 guest spotlight — david zhou: founder, superclusters
connect with david:
🗂 key topics in this episode
spvs, side bets & the ghost of rap battles
openai’s $500b tender offer — hype vs liquidity
lp/gp dynamics & fake “long-term conviction”
secondaries: when to sell and why vcs won’t
canva vs databricks — valuation reality check
💬 featured quote
“everyone talks long term. everyone quietly sells.”
🎧 listen to the episode
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