Alex Mittal – Early Stage Investing - [Invest Like the Best, EP.119]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Business, Investing, Technology

4.7 • 2.5K Ratings

🗓️ 29 January 2019

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest this week is Alex Mittal, co-founder of Funders Club. Following past guest Jeremiah Lowin, Alex is my second elementary school friend to appear on the podcast—a trend I hope continues. Funders club is a unique venture firm, because it is build around a network of investors and entrepreneurs who submit deals for consideration and invest together. But as you’ll hear, Alex and his co-founder Boris aren’t just building an open platform for early stage investing: they also then take a very traditional venture approach, making investing decisions themselves when it comes to building a centralized portfolio. Our conversation is about what Alex has learned investing in almost 300 early stage companies over the past 7 years. Please enjoy. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Show Notes 1:30 - (First Question) – Inception of the Founder’s Club 1:36 – Jeremiah Lowin Podcast Episode 3:59 – How the process of their platform works 5:40 – Role of the network in Founders Club setup and success 8:26 – What he has learned from all of the data he has access to 16:00 – Early stage investing and finding the sweet spot 22:17 – What makes a really intriguing bad idea 25:23 – Why he remains so excited about Ethereum 31:18 – More bad ideas 31:55 – Apoorva Mehta on How I Built This Podcast 37:15 – Thoughts on retail and logistics and how they fit his Venn diagram of boring and crazy 43:13 – Chip and electronic design 45:47 – Companies that are not just increasing efficiencies but actually making foundational changes 45:54 – Energy and Civilization: A History 52:34 – What does he look for in founders 55:26 – Pivot or Fail 57:05 – Kindest thing anyone has done for Alex Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

Transcript

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0:00.0	Hello and welcome everyone, I'm Patrick O'Shaughnessy and this is Invest Like The Best.
0:08.6	This show is an open-ended exploration of markets, ideas, methods, stories, and of strategies
0:13.9	that will help you better invest both your time and your money.
0:17.2	You can learn more and stay up to date at InvestorFieldGuide.com.
0:24.6	Patrick O'Shaughnessy is the CEO of O'Shaughnessy Asset Management.
0:28.5	All opinions expressed by Patrick and podcast guests are solely their own opinions and do
0:32.9	not reflect the opinion of O'Shaughnessy Asset Management.
0:36.3	This podcast is for informational purposes only and should not be relied upon as a basis
0:40.6	for investment decisions.
0:42.4	Clients of O'Shaughnessy Asset Management may maintain positions and the securities discussed
0:46.2	in this podcast.
0:49.7	My guest this week is Alex Mattal, co-founder of the Funders Club.
0:53.3	Following past guest Jeremiah Lohan, Alex is my second elementary school friend who appear
0:57.0	on the podcast, A Tren I Hope Continues.
0:59.9	Funders Club is a unique venture firm because it builds around a network of investors and
1:03.4	entrepreneurs who submit deals for consideration and invest together.
1:07.7	But as you'll hear, Alex and his co-founder Boris aren't just building an open platform
1:11.1	for early-stage investing.
1:12.7	They also then take a very traditional venture approach, making investment decisions themselves
1:17.2	when it comes to building a centralized portfolio.
1:19.7	Our conversation is about what Alex has learned in investing in almost 300 early-stage companies
1:24.2	over the past seven years.
	...

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