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The Pitch

#82 A Deal Too Perfect to Pass Up

The Pitch

Josh Muccio

Technology, Business, Investing, Entrepreneurship

4.61.5K Ratings

🗓️ 12 February 2020

⏱️ 34 minutes

🧾️ Download transcript

Summary

This is how much of a go-getter Bobbie Racette is: when she got laid off, she started a business to help thousands of other people who were out of work. Now, she has so many customers, she can’t keep up. And Michael Hyatt, our most ruthless investor, was like putty in her hands. Today's investors are Sarah Downey, Michael Hyatt, Charles Hudson and Phil Nadel. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

On this show, one investor has consistently earned a reputation for asking the tough questions, Michael Hyatt.

0:09.0

But today's founder reveals a different side to Michael, less of the human lie detector, more of the happy Canadian buried deep inside.

0:17.0

Maybe it's because she's from Canada too, or perhaps because this business has so much going for it that even Michael can't find a bone to pick.

0:27.0

What could possibly be going on that has Michael Hyatt swinging from the chandelier?

0:32.0

From Gimlet, this is the pitch. I'm Josh

0:35.5

Muccio. Today's investors are I'm Phil Naido. Phil's companies have

0:41.2

sold for hundreds of millions of dollars.

0:43.4

Now he manages four front venture partners,

0:45.9

one of the largest syndicates on Angel List.

0:48.3

I'm Michael Hyatt.

0:49.5

Michael built and sold two software companies

0:52.2

for over 500500 million.

0:54.6

And now he invests for himself.

0:56.6

I'm Sarah Downey.

0:57.9

Sarah's a partner at accomplice,

1:00.0

where they've invested 600 million in over 200 startups so far.

1:04.0

One example is a company called Draft Kings.

1:06.7

I'm Charles Hudson.

1:07.9

Charles started precursor ventures,

1:10.2

where he's invested 20 million

1:11.7

in over 100 startups to date.

1:18.7

The pitch for virtual gurus will begin in just a moment.

...

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