LA Venture Podcast: Sinai Venture's Founder Zach White On Independent Thinking

On this week's episode of the L.A. Venture podcast, hear from Zach White, partner at Sinai Ventures, about what it's like managing Sinai's $600 million Fund II. We talk about investing in Pinterest, buying secondary shares and independent thinking in the venture business.

Key Takeaways:
  • Sinai has done 85 investments out of a 2017 fund one worth $100 million. Pinterest is one of them and when it went public, the investment was briefly underwater. But Sinai stuck with them because they believed in the company, and it ultimately has paid dividends.
  • White sees a lot of opportunity in secondary markets, where there's lots of money to be made — and lost.
  • White and his partner Jordan Fudge are L.A. natives and want to provide the city's startups with bigger checks, something they see as much needed in L.A.'s current environment.
  • Healthcare, technology and B2B have been Sinai's best-performing investments so far.
  • Sinai has a $100 million fund for New Slate Ventures, a film and television production arm.
"Our general perspective is that when you're writing checks of this size, it's equally as important to fundamentally look for the compounding of social change as much as there is the compounding of your dollars." Zach White

Zach White is partner at Sinai Ventures.

Want to hear more of L.A. Venture? Listen on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

Subscribe to our newsletter to catch every headline.

Relativity Space, the Long Beach 3D-printed rocket maker, has unveiled plans to create a fully reusable rocket.

CEO Tim Ellis told CNBC that the move is an "obvious evolution" for the company. The announcement comes on the heels of a hefty $500 million round he closed in November.

"It's the same architecture, the same propellant, the same factory, the same 3D printers, the same avionics and the same team," Ellis told the outlet.

Read more Show less

Nearly a year into the worst pandemic in a century, Los Angeles companies expecting to snap up office space on the cheap may be disappointed.

L.A. office rents have held steady or even gotten pricier since COVID, even as more space has become available as most employees continue to work from home.

"I honestly thought rents would have dropped by now," said Michael Soto, research director at the brokerage Savills Inc. "For a lot of tenants, they are still seeing a bit of sticker shock that prices haven't dropped yet."

Read more Show less

On today's episode of Office Hours, I'm excited for you to get to know Austin Allison, my co-founder and CEO of our company, Pacaso.

Birds were the first dwellers Austin served with his boyhood bird-house business. Now, with Pacaso, our goal is to democratize second-home ownership by enabling people to co-own an amazing second home --- for 1/8 the cost.

Hear his take on what it meant to have his first company acquired, his number one tip on how to keep his crew focused and how to best navigate what seems like weekly iterations of the start-up environment.

Read more Show less