A group of private investors plans a “full-town takeover” of Yountville as it commandeers the heart of the community for four days of meetings beginning Sunday.
The event, known as the Liquidity Summit, will close the Napa County town’s Community Center to the public through Wednesday, increase traffic and limit parking, the city said in an advisory Saturday.
“Liquidity operates as a full-town takeover creating a closed-loop environment for serious capital conversations, trusted relationship-building and exceptional hospitality,” organizers said on their website.
The gathering, which lists an attendance fee of $10,000, is aimed at financial backers who commit capital to private funds, such as venture capital or private equity, “fund managers and elite entrepreneurs who command capital allocation at the highest levels,” according to its website.
Participation was capped at 500 and the event was described as sold out.
“Attendance is intentionally limited and curated to preserve signal, discretion, and depth of interaction,” the website said.
The conference is presented by All-In Podcast, a weekly business and technology podcast hosted by Chamath Palihapitiya, a former Facebook executive who founded and leads Social Capital; Jason Calacanis, an angel investor in technology startups; David Sacks, a general partner of Craft Ventures, a venture capital fund, and David Friedberg, an angel investor who founded successful technology and agricultural data companies.
Scheduled speakers include Andrej Karpathy, co-founder of artificial intelligence developer OpenAI; Sarah Friar, chief financial officer of OpenAI; U.S. Sens. Dave McCormick (R-Pa.) and John Fetterman (D-Pa.); Nikesh Arora, chairman and CEO of cybersecurity firm Palo Alto Networks, and Andrew Feldman, co-founder and CEO of AI chipmaker Cerebras Systems.
Yountville, a town of about 3,400 residents, should expect increased activity throughout town, including vehicle traffic, particularly near hotels, restaurants, and gathering areas; limited parking availability in central areas and temporary closures or private use of “select venues,” the city said in its advisory.
Residents and businesses are encouraged to allow additional travel time when moving through town and plan ahead for errands, deliveries, reservations, and appointments, the city said.
“We appreciate the community’s flexibility and continued hospitality during this event,” the city said.
