https://simplecast.com Carry On Venture has plenty of content. What it lacks is candor and curiosity about the craft. Hosted by Earnest Sweat and Santosh Sankar, Carry On is focused on what building a firm actually looks like, not the highlight reel. Each episode breaks down the X's and O's of venture capital, traded openly between two GPs and a small circle of friends who live this work. From first funds to franchise firms, specialists to generalists. Learn more and subscribe at www.carryonpodcast.com. 2026 en Thu, 9 Jul 2026 08:30:00 +0000 Fri, 10 Jul 2026 19:50:33 +0000 https://carryonpodcast.com Carry On https://image.simplecastcdn.com/images/be457c03-46fc-41ea-80a2-70071f7b9cfa/397d22fe-9e75-4aaa-8b22-d0931c08a2f7/3000x3000/carryoncover_web.jpg?aid=rss_feed https://carryonpodcast.com episodic Venture has plenty of content. What it lacks is candor and curiosity about the craft. Hosted by Earnest Sweat and Santosh Sankar, Carry On is focused on what building a firm actually looks like, not the highlight reel. Each episode breaks down the X's and O's of venture capital, traded openly between two GPs and a small circle of friends who live this work. From first funds to franchise firms, specialists to generalists. Learn more and subscribe at www.carryonpodcast.com. Earnest Sweat and Santosh Sankar false https://feeds.simplecast.com/IaTLUE_v gp,investing,lp,vc,venture capital Heard Media heard@heardpods.com efc09c6e-8d64-46ef-995a-7576e6a9f920 Motion ≠ Movement: Why Venture Has Lost Its Mind In this episode, Earnest Sweat and Santosh Sankar unpack the tension between urgency and momentum in venture capital, contrasting real movement with superficial motion in a market where capital and attention are heavily concentrated in a narrow set of AI deals and mega funds. They discuss the erosion of intellectual honesty, the dangers of consensus thinking, and how kingmaking dynamics and low seed-to-Series A graduation rates are reshaping the landscape for founders, emerging managers, and established firms alike. They also explore the history and “eras” of venture, the pendulum between concentration and unbundling, and why conviction, independent thinking, and craft still matter in an increasingly irrational, growth-obsessed environment—framing the podcast as a candid, open exploration of how to practice better venture in public. Also, Abe Othman explains that AngelList’s fund benchmarks show successor funds grow mainly by adding new LPs rather than expanding commitments from existing ones, which was a surprising and important finding for emerging managers.

Topics in this conversation include: 

  • Urgency vs Momentum in Venture Investing (0:11)
  • Introspection vs Action Two by Two Matrix (4:01)
  • Series B Market Example and Lack of Rationality (5:45)
  • Intellectual Honesty and Independent Thinking for VCs (7:08)
  • Why Start this Podcast and What Makes it Different (10:38)
  • Need for Candor and Calling Out Bubble Dynamics (12:39)
  • Technology Shift Compared to Cloud, Mobile, and PCs (18:24)
  • Venture Equals Growth and Rise of Mega Funds (22:08)
  • AI Funding Concentration Across Deals (24:29)
  • Angellist Fund Benchmarks and LP Composition Surprise (26:00)
  • Implications for Emerging Managers Always Fundraising (28:55)
  • Craft of Venture vs Using Capital as an Advantage (31:08)
  • Seed Managers’ Existential Questions if Mega Funds Move Downstream (35:09)
  • Venture Eras, Unbundling, and Rebundling of Firms (39:01)
  • Funds Over $500M Capturing Most New Capital (43:31)
  • Anticipating Ecosystem Gaps vs Reacting to Lagging Indicators (45:51)
  • What if This Time Is Different and Mega IPO Validation (51:03)
  • Holding VCs to the Same Bar as Founders on Learning and Resilience (56:19)

Venture has plenty of content. What it lacks is candor and curiosity about the craft. Hosted by Earnest Sweat and Santosh Sankar, Carry On is focused on what building a firm actually looks like, not the highlight reel. Each episode breaks down the X's and O's of venture capital, traded openly between two GPs and a small circle of friends who live this work. From first funds to franchise firms, specialists to generalists. Learn more and subscribe at www.carryonpodcast.com.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Thu, 9 Jul 2026 08:30:00 +0000 heard@heardpods.com (Heard Media) https://carryonpodcast.com In this episode, Earnest Sweat and Santosh Sankar unpack the tension between urgency and momentum in venture capital, contrasting real movement with superficial motion in a market where capital and attention are heavily concentrated in a narrow set of AI deals and mega funds. They discuss the erosion of intellectual honesty, the dangers of consensus thinking, and how kingmaking dynamics and low seed-to-Series A graduation rates are reshaping the landscape for founders, emerging managers, and established firms alike. They also explore the history and “eras” of venture, the pendulum between concentration and unbundling, and why conviction, independent thinking, and craft still matter in an increasingly irrational, growth-obsessed environment—framing the podcast as a candid, open exploration of how to practice better venture in public. Also, Abe Othman explains that AngelList’s fund benchmarks show successor funds grow mainly by adding new LPs rather than expanding commitments from existing ones, which was a surprising and important finding for emerging managers.

Topics in this conversation include: 

  • Urgency vs Momentum in Venture Investing (0:11)
  • Introspection vs Action Two by Two Matrix (4:01)
  • Series B Market Example and Lack of Rationality (5:45)
  • Intellectual Honesty and Independent Thinking for VCs (7:08)
  • Why Start this Podcast and What Makes it Different (10:38)
  • Need for Candor and Calling Out Bubble Dynamics (12:39)
  • Technology Shift Compared to Cloud, Mobile, and PCs (18:24)
  • Venture Equals Growth and Rise of Mega Funds (22:08)
  • AI Funding Concentration Across Deals (24:29)
  • Angellist Fund Benchmarks and LP Composition Surprise (26:00)
  • Implications for Emerging Managers Always Fundraising (28:55)
  • Craft of Venture vs Using Capital as an Advantage (31:08)
  • Seed Managers’ Existential Questions if Mega Funds Move Downstream (35:09)
  • Venture Eras, Unbundling, and Rebundling of Firms (39:01)
  • Funds Over $500M Capturing Most New Capital (43:31)
  • Anticipating Ecosystem Gaps vs Reacting to Lagging Indicators (45:51)
  • What if This Time Is Different and Mega IPO Validation (51:03)
  • Holding VCs to the Same Bar as Founders on Learning and Resilience (56:19)

Venture has plenty of content. What it lacks is candor and curiosity about the craft. Hosted by Earnest Sweat and Santosh Sankar, Carry On is focused on what building a firm actually looks like, not the highlight reel. Each episode breaks down the X's and O's of venture capital, traded openly between two GPs and a small circle of friends who live this work. From first funds to franchise firms, specialists to generalists. Learn more and subscribe at www.carryonpodcast.com.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Motion ≠ Movement: Why Venture Has Lost Its Mind Heard Media 01:00:54 In this episode, Earnest Sweat and Santosh Sankar unpack the tension between urgency and momentum in venture capital, contrasting real movement with superficial motion in a market where capital and attention are heavily concentrated in a narrow set of AI deals and mega funds. They discuss the erosion of intellectual honesty, the dangers of consensus thinking, and how kingmaking dynamics and low seed-to-Series A graduation rates are reshaping the landscape for founders, emerging managers, and established firms alike. They also explore the history and “eras” of venture, the pendulum between concentration and unbundling, and why conviction, independent thinking, and craft still matter in an increasingly irrational, growth-obsessed environment—framing the podcast as a candid, open exploration of how to practice better venture in public. Also, Abe Othman explains that AngelList’s fund benchmarks show successor funds grow mainly by adding new LPs rather than expanding commitments from existing ones, which was a surprising and important finding for emerging managers. In this episode, Earnest Sweat and Santosh Sankar unpack the tension between urgency and momentum in venture capital, contrasting real movement with superficial motion in a market where capital and attention are heavily concentrated in a narrow set of AI deals and mega funds. They discuss the erosion of intellectual honesty, the dangers of consensus thinking, and how kingmaking dynamics and low seed-to-Series A graduation rates are reshaping the landscape for founders, emerging managers, and established firms alike. They also explore the history and “eras” of venture, the pendulum between concentration and unbundling, and why conviction, independent thinking, and craft still matter in an increasingly irrational, growth-obsessed environment—framing the podcast as a candid, open exploration of how to practice better venture in public. Also, Abe Othman explains that AngelList’s fund benchmarks show successor funds grow mainly by adding new LPs rather than expanding commitments from existing ones, which was a surprising and important finding for emerging managers. false full 1 2c9a1c4e-96ef-43cf-bebf-72db03b326b3 Welcome to Carry On Venture has plenty of content. What it lacks is candor and curiosity about the craft. Hosted by Earnest Sweat and Santosh Sankar, Carry On is focused on what building a firm actually looks like, not the highlight reel. Each episode breaks down the X's and O's of venture capital, traded openly between two GPs and a small circle of friends who live this work. From first funds to franchise firms, specialists to generalists. Learn more and subscribe at www.carryonpodcast.com.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Tue, 12 May 2026 17:12:17 +0000 heard@heardpods.com (Heard Media) https://carryonpodcast.com Venture has plenty of content. What it lacks is candor and curiosity about the craft. Hosted by Earnest Sweat and Santosh Sankar, Carry On is focused on what building a firm actually looks like, not the highlight reel. Each episode breaks down the X's and O's of venture capital, traded openly between two GPs and a small circle of friends who live this work. From first funds to franchise firms, specialists to generalists. Learn more and subscribe at www.carryonpodcast.com.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Welcome to Carry On Heard Media 00:01:04 Venture has plenty of content. What it lacks is candor and curiosity about the craft. Hosted by Earnest Sweat and Santosh Sankar, Carry On is focused on what building a firm actually looks like, not the highlight reel. Each episode breaks down the X's and O's of venture capital, traded openly between two GPs and a small circle of friends who live this work. From first funds to franchise firms, specialists to generalists. Learn more and subscribe at www.carryonpodcast.com. Venture has plenty of content. What it lacks is candor and curiosity about the craft. Hosted by Earnest Sweat and Santosh Sankar, Carry On is focused on what building a firm actually looks like, not the highlight reel. Each episode breaks down the X's and O's of venture capital, traded openly between two GPs and a small circle of friends who live this work. From first funds to franchise firms, specialists to generalists. Learn more and subscribe at www.carryonpodcast.com. false trailer