This week we’re having tea with Semil Shah. Through his seed fund, Haystack, he's invested in 70+ startups including Instacart, DoorDash, and Opendoor. He's also a venture partner at Lightspeed.

In this episode, Semil shares:

- 2:48: What entrepreneurs need to know about portfolio construction

- 10:08: Why public markets aren't matching the private investment sector

- 19:30: How entrepreneurs can use valuation as a lever when fundraising

- 22:28: Why he passed on investing in Clubhouse

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