Naval's GP, Ankur Nagpal, Breaks Down The Viral “USVC” Fund | E2284

Watch on YouTube ↗  |  May 05, 2026 at 00:10  |  1:37:23  |  This Week in Startups
Speakers
Jason Calacanis — Angel Investor / Founder, LAUNCH
Ankur Nagpal — Founder, Vibe Capital

Summary

Ankur Nagpal discusses USVC, a closed-end fund for non-accredited investors to access venture capital. John Durbin explains Chutes, a Bittensor subnet for permissionless AI compute with trusted execution environments. Jason Calacanis critiques GameStop's bid for eBay, recommends selling GME and buying EBAY, and praises Amazon's logistics expansion. News includes Cerebras IPO, Spirit Airlines bankruptcy, and airline consolidation.

  • USVC offers $500 minimum venture investments with quarterly liquidity and no carry.
  • Chutes provides secure, permissionless GPU compute via trusted execution environments.
  • Jason Calacanis believes GameStop is manipulating markets and recommends short GME / long EBAY.
  • Amazon expands shipping services to compete with FedEx and UPS, potentially deepening its moat.
  • Cerebras files for IPO at ~$27B valuation; Jason sees significant upside.
  • Spirit Airlines bankruptcy highlights consequences of blocked M&A and bailout expectations.
  • Jason advocates for deregulating small airports and allowing innovative airlines like JetSuiteX.
  • The show ends with a bounty for a web annotation tool called Annotated.com.
Ideas
Jason Calacanis Angel Investor / Founder, LAUNCH 52:07
CHUTES token undervalued, potential 2-10x.
Chutes (shoots) token is undervalued relative to comparable Silicon Valley startups given its traction and permissionless compute network. The token market cap is only $70-90M but should be 2-10x higher, making it a compelling asymmetric bet.
CHUTES MED
Jason Calacanis Angel Investor / Founder, LAUNCH 69:10
Sell GME, buy EBAY.
GameStop's market manipulation behavior makes it risky and unattractive, while eBay is an underappreciated asset with a viable turnaround strategy including cost cutting, live commerce, collectibles, and physical stores. Jason recommends selling GameStop and buying eBay.
GME HIGH
Jason Calacanis Angel Investor / Founder, LAUNCH 69:10
Sell GME, buy EBAY.
GameStop's market manipulation behavior makes it risky and unattractive, while eBay is an underappreciated asset with a viable turnaround strategy including cost cutting, live commerce, collectibles, and physical stores. Jason recommends selling GameStop and buying eBay.
EBAY HIGH
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This This Week in Startups video, published May 05, 2026, features Jason Calacanis discussing CHUTES, GME, EBAY. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jason Calacanis  · Tickers: CHUTES, GME, EBAY