Today’s guest is Dave Thornton, co-founder & Chief Customer Officer of Vested, which helps startup employees unlock the value in their equity.
In today’s episode, Dave walks through the messy reality of startup stock options, noting $600 billion of startup equity is abandoned over a market cycle. He explains how Vested helps solve this problem by providing funding to help employees exercise their expiring stock options, in exchange for exposure to a portion of the now-owned shares.
Dave also previews Vestiment, a tool to track the fair-market value of your equity over time that’s already reducing abandonment, and shares practical takeaways for employees, advisors, and allocators seeking exposure to venture capital.
(0:00) Starts
(0:34) Dave Thornton explains Vested
(9:35) Vested's selection model, data sources, and proprietary insights
(17:22) Vested's investment strategy and funds
(21:19) Trends in IPOs
(23:13) Venture exposure
(26:18) Introducing the Vestimate
(31:12) Future goals for Vested
(37:38) Final remarks
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Follow Meb on<a href="https://twitter.com/MebFaber"> X</a>,<a href="https://www.linkedin.com/in/mebanefaber/"> LinkedIn</a> and<a href="https://www.youtube.com/channel/UCKvWzzrVUA_DSCoKXL6GU2w?sub_confirmation=1"> YouTube</a>
For detailed show notes, click <a href="https://www.themebfabershow.com/episodes/g6j2EqZYkbA">here</a>
To learn more about our funds and follow us, subscribe to our <a href="https://theideafarm.us1.list-manage.com/subscribe/post?u=6750faf5c6091bc898da154ff&id=7249739cdb">mailing list</a> or visit us at<a href="http://www.cambriainvestments.com/"> cambriainvestments.com</a>
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Follow The Idea Farm: <a href="https://twitter.com/TheIdeaFarm">X</a> | <a href="https://www.linkedin.com/company/theideafarm-co/">LinkedIn</a> | <a href="https://www.instagram.com/mebfabershow/">Instagram</a> | <a href="https://www.tiktok.com/@mebfabershow">TikTok</a>
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Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com
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Past guests include <a href="https://mebfaber.com/2017/02/08/10017/">Ed Thorp</a>, <a href="https://mebfaber.com/2021/08/04/e337-richard-thaler/">Richard Thaler</a>, <a href="https://mebfaber.com/2021/02/08/episode-286-jeremy-grantham-gmo-what-day-is-the-highest-level-of-optimism-its-the-day-the-market-hits-the-peak/">Jeremy Grantham</a>, <a href="https://mebfaber.com/2020/10/28/episode-260-joel-greenblatt-gotham-asset-management-nine-out-of-ten-families-in-the-top-fifth-of-the-income-chain-have-retirement-savings-nine-in-ten-in-the-bottom-fifth-have-none/">Joel Greenblatt</a>, <a href="https://mebfaber.com/2019/08/28/episode-172-cam-harvey-this-is-a-time-of-considerable-risk-of-a-drawdown/">Campbell Harvey</a>, <a href="https://mebfaber.com/2022/03/30/403-ivy-zelman/">Ivy Zelman</a>, <a href="https://mebfaber.com/2021/05/12/e310-kathryn-kaminski/">Kathryn Kaminski</a>, <a href="https://mebfaber.com/2017/08/30/episode-69-jason-calacanis-little-secret-way-dark-art-becoming-truly-wealthy-massive-wealth/">Jason Calacanis</a>, <a href="https://mebfaber.com/2022/01/31/e387-whitney-baker/">Whitney Baker,</a> <a href="https://mebfaber.com/2019/05/10/episode-155-aswath-damodaran-they-uber-and-the-ride-sharing-companies-collectively-have-disrupted-this-businessthats-the-good-news-the-bad-news-is-i-dont-thin/">Aswath Damodaran</a>, <a href="https://mebfaber.com/2018/10/03/episode-124-howard-marks-its-not-what-you-buy-its-what-you-pay-for-it-that-determines-whether-something-is-a-good-investment/">Howard Marks</a>, <a href="https://mebfaber.com/2018/10/10/episode-125-tom-barton-the-biggest-problem-investors-have-is-things-changeand-they-dont-change/">Tom Barton</a>, and many more. 
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Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out <a href="https://mebfaber.com/mebs-deals/">here</a>! 
-----Editing and post-production work for this episode was provided by The Podcast Consultant (<a href="https://thepodcastconsultant.com/">https://thepodcastconsultant.com</a>). Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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