Unpacking the VC Game with Dario De Wet from LTV Capital

I am thrilled to have Dario De Wet, a VC investor and founder of LTV Capital, and managing director at Monza Group International. He has previously led investments at Anthemis Group. In this conversation, Dario De Wet shares his entrepreneurial journey from selling Game Boy emulators in South Africa to becoming a venture capital investor and founder of LTV Capital. He discusses the unique entrepreneurial spirit in South Africa, the balance between his passion for motorsport and his VC career, and the evolution of his investment strategies. Dario emphasises the importance of understanding the venture capital landscape, the impact of AI on startups, and the challenges of navigating high valuations and IPOs. He also reflects on the metrics that matter in VC and the future of billion-dollar funds. Timestamps 00:00 Dario's Entrepreneurial Journey 04:46 The South African Entrepreneurial Spirit 07:17 Balancing Motorsports and Venture Capital 10:53 Transitioning to Jumo and Anthemis Group 17:14 Founding LTV Capital and Investment Thesis 21:51 Distinguishing True Investors from Asset Gatherers 23:59 The Impact of AI on SaaS and Venture Capital 26:09 Sustainability of Billion Dollar VC Funds 27:34 Emerging Managers vs. Billion Dollar Funds 28:34 Factors Influencing IPOs 30:09 Market Liquidity and Investor Sentiment 32:09 US vs. UK IPO Landscape 33:57 Understanding VC Metrics: TVPI and DPI 36:02 Navigating High Valuations in AI Funding 38:37 Investment Strategies in Today's Market 41:09 The Reality of Unicorn Valuations 42:25 Challenges for B2B Startups 43:47 Lessons from 50 Cent's Hustle 45:44 Building Confidence in VC Careers Dario’s Links  LDN– https://www.linkedin.com/in/dariodewet/ LTV Capital - https://www.ltvcapital.co/ Course - How to become a successful emerging manager My Links  Podcast: https://lifeselfmastery.com/itunes Newsletter: https://partner-grow.beehiiv.com/subscribe YouTube:  youtube.com/lifeselfmastery Twitter: https://twitter.com/rohitmal LinkedIn: https://www.linkedin.com/in/rohit857/