This Week in Startups is brought to you by…

Supergut is the easiest and tastiest way clinically-proven to regulate digestion, curb cravings, and boost energy. Get 30% off their delicious shakes, bars, and fiber mix at Supergut.com with code TWIST.

Coda. A new doc that brings words, tables and teams together. All your valuable data, plans, objectives, and strategies in one place. Go to https://coda.io/twist to get a $1,000 credit!

Mercury. 90 percent of startups fail — 90 percent. Just 10 out of every 100 make it. Mercury exists to close that gap — helping companies succeed with banking and credit cards engineered for the startup journey. Join over 100,000 companies banking with Mercury at http://mercury.com

Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust; Members FDIC.

*

Today’s show: Roelof Botha joins Jason to discuss the state of VC (3:35), Sequoia’s new series “Crucible Moments” (9:31), and much more!

*

Time stamps:

(0:00) Sequoia Capital’s Roelof Botha joins Jason

(3:35) The state of the Silicon Valley ecosystem

(8:00) Supergut - Get 30% off with code TWIST at https://supergut.com

(9:31) “Crucible Moments” and their significance

(14:31) Pre-IPO vs. Post-IPO market values

(18:10) Founder ambition and mistakes made during “Crucible Moments”

(22:25) The importance of founders starting narrow and what makes a great VC in tech

(27:20) Coda - Get a $1,000 startup credit at https://coda.io/twist

(28:49) Commonalities between the AI boom and the crypto boom

(33:31) U.S. frameworks regarding crypto

(37:10) Mercury - Join 100K+ startups banking with Mercury at http://mercury.com

(38:23) The milestone-based reward system in venture capital

(43:24) Taking over as head steward at Sequoia Capital

(56:02) “Crucible Moments” at Sequoia

(1:05:57) Maintaining consistency in life and venture

*

FOLLOW Roelof: https://twitter.com/roelofbotha

*

Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four

Apply for Funding: https://www.launch.co/apply

Buy ANGEL: https://www.angelthebook.com

Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt

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

*

Follow Jason:

Twitter: https://twitter.com/jason

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

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

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

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

*

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