75: Impact Investing – Running the Vatican’s Accelerator with Steve Forte
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 2 November 2017
⏱️ 71 minutes
🧾️ Download transcript
Summary
Steve Forte is a 5-time entrepreneur who had successful exits in all his businesses. He is the co-founder and managing partner of Fresco Capital, which focuses on seed and early-stage investment to create maximum impact for companies, investors, and partners. Using his experiences in several business ventures, he is heading a new path as a VC.
On this episode, he explains what a VC is and what to expect when pursuing this endeavor. He shares his expertise in pitching a startup business to invest and minimize risk. He also shares how Vatican Accelerator started and how it has been progressing over time. This is an interesting conversation about startup businesses and investments.
Links:
Where we are:
Johnny – Canary Islands
Sam – Southeast Asia
Discussed:
Time Stamps:
4:51 – His background
9:51 – What does a VA do?
12:37 – Pitching a startup business to invest
17:38 – Founder’s expectation in terms of compensation
20:29 – Startup failure rate
23:27 – How to setup accelerator
26:24 – Software and social networking
31:09 – Difference between accelerator and incubator
37:11 – Vatican Acceleratorbackstoryy
46:50 – For-profit & mission-driven model
51:14 – Updates on Vatican Accelerator
55:10 – Future plans for the program
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Copyright 2017. All rights reserved. Read our disclaimer here.
Transcript
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| 0:00.0 | This week's episode is brought to you by Audible. |
| 0:02.8 | Get a free ebook today by going to invest like a boss.com slash audible. |
| 0:07.4 | Welcome to the Invest like a Boss podcast. |
| 0:09.5 | I'm Sam Marks and I'm Johnny FD. |
| 0:11.4 | We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. |
| 0:15.8 | Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash. |
| 0:25.1 | Hey Sam, how's it going, buddy? |
| 0:26.8 | It's going, buddy. |
| 0:27.7 | How are you? |
| 0:28.3 | Very good. |
| 0:28.9 | Guys, welcome to episode 175 and the Invest Like a Boss podcast. |
| 0:34.6 | I'm out here in the Canary Island still. |
| 0:36.8 | Sam, where are you today? Just crossed into Bangkok and I'll be here in the Canary Island still. Sam, where are you today? |
| 0:38.6 | Just crossed into Bangkok and I'll be here for a couple days for heading to Vietnam. |
| 0:43.0 | Nice, man. I miss Asia so much. |
| 0:46.4 | Yeah, I think Asia is very easy to miss. |
| 0:49.4 | But since I've been here for the last three, four months, I miss where basically where you are, |
| 0:55.0 | the med, I miss ski country in the U.S., so it's all relative. |
| 0:59.6 | You always miss where you're not at. |
| 1:01.2 | Yeah, definitely. |
| 1:02.2 | And the one place that I really want to go back is actually Rome, and our guest this week |
| 1:09.9 | actually ran an accelerator there,, not even just Rome in the |
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