BackStartups

The listening list

28 podcasts worth an angel's time

There is an enormous amount of startup audio and a surprisingly small amount of it that makes you better at writing cheques. This is the shortlist, with what each show is genuinely good for, where to start, and an honest note about which ones are people talking their own book.

28
Shows
5
Listening orders
4
Regions covered

Watch one now

4 shows you can start watching here

Every embed on this site is checked twice: the show's own site must link to the YouTube channel, and YouTube's own oEmbed response must name that channel as the video's author. Several well-known candidates failed that check and are not here.

17 shows

Global & US

The shows most angels start with — American in origin, global in audience, and the reference points everybody else is arguing with.

Deep diveVideo

Acquired

Ben Gilbert & David Rosenthal

Multi-hour company histories, researched to a depth no other podcast attempts — how great businesses were actually built, and what the people involved were thinking at the time.

Long drivesPattern recognitionUnderstanding moats
PanelVideo

All-In

Chamath Palihapitiya, Jason Calacanis, David Sacks & David Friedberg

Four investors arguing about markets, technology and politics every week — the closest thing to overhearing how prominent capital allocators actually talk to each other.

Market conditionsUnderstanding sentimentWeekly habit
Interview

Invest Like the Best

Patrick O'Shaughnessy

Long interviews with investors and operators about how they actually make decisions — less about specific companies than about the reasoning behind allocating capital.

Decision-makingPosition sizingInvestor mindset
InterviewVideo

The a16z Show

Andreessen Horowitz's own podcast network — conversations with the firm's partners, portfolio founders and outside experts about where technology is heading.

Sector thesesSeeing where capital is headingAI and technical topics
News

This Week in Startups

Jason Calacanis

One of the longest-running startup shows anywhere — news, founder interviews and a working angel investor talking through deals in something close to real time.

Watching a real angel workDeal flow chatterCurrent news
Narrative

The Pitch

Josh & Lisa Muccio

Real founders pitching real investors for real money, recorded in the room — the single most useful show on this list for understanding what actually happens in a pitch meeting.

New angelsHearing real diligence questionsEntertainment
Craft & teachingVideo

Y Combinator's channel & Startup School

The accelerator's own library of talks, founder interviews and startup teaching — the most concentrated free education in early-stage company building anywhere.

Understanding what founders are taughtFirst principlesFree education
Narrative

How I Built This

Guy Raz

Founders telling the story of how their company began, in a produced narrative format — the most accessible show on this list and a genuinely good one.

BeginnersNon-tech categoriesNarrative storytelling
Narrative

Masters of Scale

Reid Hoffman

A venture investor and LinkedIn co-founder testing a specific theory of company-building against the experience of people who have done it.

Scaling questionsStructured argumentsCompany building
Panel

BG2

Bill Gurley & Brad Gerstner

Two experienced investors — one from venture, one from public markets — talking through technology, markets and capital cycles without much filter.

Capital cyclesExit environmentPublic-private linkage
Deep dive

Founders

David Senra

One person reading a biography of an entrepreneur each week and telling you what is in it — an unusual format that has become one of the most admired shows in business podcasting.

Historical rangeReading listSolo listening
Craft & teaching

Lenny's Podcast

Lenny Rachitsky

Product, growth and career interviews with operators — the most practical show on this list about how software companies actually get customers.

Diligence literacyGrowth and retentionUnderstanding SaaS metrics
Panel

My First Million

Sam Parr & Shaan Puri

Two operators riffing on business ideas, small acquisitions and ways to make money — much less venture-shaped than the rest of this list, and useful for exactly that reason.

Non-venture businessesIdea sizingLight listening
News

Equity

TechCrunch's venture and startup news show — a newsroom take on the week's funding, rather than an investor's.

Weekly newsJournalistic scepticismShort episodes
Interview

The Knowledge Project

Shane Parrish

Interviews about decision-making, judgement and mental models — not a startup show at all, and one of the more useful things an angel can listen to.

JudgementAvoiding predictable errorsNon-startup perspective
Deep dive

Business Breakdowns

A single business dismantled per episode — how it makes money, what its economics look like, and what would have to change for that to stop.

Business model literacyAnalytical frameworksNon-tech categories
Craft & teaching

SaaStr

Jason Lemkin

Everything about building and selling business software, from someone who has done it and now invests in it — the most specific operational content for B2B software on this list.

B2B software diligenceBenchmarksSales mechanics

How this list was put together

Every show here is one an angel could reasonably put in rotation, chosen for what it teaches rather than for how large its audience is. Where a show is made by investors with live positions — which is most of them — the write-up says so, because knowing whose book is being talked is part of listening well.

Regional coverage is genuinely uneven, and we have not padded it to look balanced. Latin America is served by fewer credible English-language shows than the size of its ecosystem warrants, and listing two good ones is more useful than listing six of which four are dormant.

We do not invent episode titles. Where a write-up suggests where to start, it describes the kind of episode worth beginning with rather than naming one we have not opened. The only specific episodes named on this site are the four videos embedded on show pages, each verified against YouTube's own oEmbed response.

Startup podcasts: common questions

What is the best podcast for a new angel investor?
The Pitch, because it shows real founders pitching real investors rather than describing the process. One episode teaches more about what happens in a pitch meeting than any amount of commentary about them, and it is the first stop in our five-episode starting order.
Which podcast is best for understanding deal terms?
No podcast covers deal mechanics properly — it is the biggest gap in the format. The Pitch gets closest by recording real negotiations, and 20VC covers what institutional leads are optimising for. For the terms themselves, written references such as our own Deal Terms Decoder are more reliable than audio.
Are venture podcasts biased?
Most are made by investors with live positions and an interest in the narratives they promote, and the good ones do not pretend otherwise. The correction is to keep at least one journalist-made show in your rotation and to notice when a host is talking their book — which they usually are.
How many podcasts should I actually follow?
Three or four in rotation, plus a deep-dive show saved for long journeys. Following twenty produces a backlog and a vague sense of being behind. Our collections are built around situations — starting out, doing diligence, understanding a region — rather than around keeping up.

Then do the work

Listening is the easy part

None of these shows will tell you what a liquidation preference does to your proceeds, or how many cheques you need to write for the arithmetic to work.