In the opening news segment, Molly and Jason break down the news around Peloton's new CEO, Barry McCarthy, including the open letter he sent to the company, his background and principles for success (2:05).

Then, Monique Woodard of Cake Ventures joins for Episode 5 of Season 6 of Angel (32:50). Monique was a founder, startup community leader, VC scout, and VC partner before raising her first fund.

In this episode you will learn:

1. Her thesis on investing in demographic change

2. What fundraising is like as a founder vs. fundraising as an aspiring fund manager

3. Why she chose to have multiple closes for her fund

4. Why Monique focused her efforts on institutional LPs, even though they take longer to close than individual LPs

5. What it takes to operate as a solo GP