In the opening news segment, Molly and Jason break down the news around Peloton's new CEO, Barry McCarthy,  including the open letter he sent to the company, his background and principles for success (2:05). 
Then, Monique Woodard of Cake Ventures joins for Episode 5 of Season 6 of Angel (32:50). Monique was a founder, startup community leader, VC scout, and VC partner before raising her first fund.
In this episode you will learn:
- Her thesis on investing in demographic change
- What fundraising is like as a founder vs. fundraising as an aspiring fund manager
- Why she chose to have multiple closes for her fund 
- Why Monique focused her efforts on institutional LPs, even though they take longer to close than individual LPs
- What it takes to operate as a solo GP
(0:00) Jason and Molly tee up today’s topics: Breaking down Peloton’s new CEO background and leadership style and an amazing interview with Monique Woodard (Cake Ventures)
(2:05 ) Understanding Peloton’s new CEO and the value of its user base
(12:47) LinkedIn - Post your first job for free at https://linkedIn.com/angel
(14:15) Some more fun with numbers, plus breaking down Barry McCarthy’s introduction email to all Peloton employees
(21:43) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist
(22:54) Finalizing McCarthy’s “principles of success” list and reflecting on the difficulty of a turnaround
(31:32) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(32:50) Introducing Cake Ventures’ Founder & Partner Monique Woodard: Understanding Cake’s thesis on investing in demographic change
(42:20) Fundraising as a founder vs. fundraising as an aspiring fund manager, understanding how different types of LPs invest
(50:58) Check sizes differences from institutional LPs and individual LPs, understanding multiple fund closes
(1:07:18) Managing deal flow as a first-time fund manager, is the industry becoming more welcoming to underrepresented fund managers?
Check out Cake Ventures: https://cake.vc/
FOLLOW Monique: https://twitter.com/MoniqueWoodard
FOLLOW Jason: https://linktr.ee/calacanisFOLLOW Molly: https://twitter.com/mollywood