ANGEL: Brad Feld on investing through 3 economic cycles, CEO/investor dynamics, and more | E1660
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 18 January 2023
⏱️ 89 minutes
🧾️ Download transcript
Summary
(0:00) Jason Kicks off the show
(2:49) Brad Feld, Co-founder of Foundry, talks about starting out in investing
(13:30) LinkedIn Jobs - Post your first job for free at https://linkedin.com/angel
(14:56) Brad’s thesis for whom he’ll get in the “trenches” with
(20:48) MasterClass - Get 15% off an annual membership at https://masterclass.com/startups
(22:22) Fighting to the end + Investing through the dot-com bubble
(38:13) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups
(39:43) Surviving the GFC
(44:23) Brad’s perspective on the investor/CEO dynamic + being a leader in a down market
(1:00:02) Reflecting on the speculative asset bubble
(1:16:44) Looking forward into 2023
FOLLOW Brad: https://linktr.ee/bfeld
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
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| 0:00.0 | All right, everybody. Welcome to season seven of Angel. Last season, we talked to first-time fund managers, right? |
| 0:06.0 | That was our opportunity to have a really |
| 0:09.0 | diverse set of interesting founders who are just starting their careers as |
| 0:14.0 | fund managers, right? What a great idea for a series, right? And that was season six. |
| 0:19.3 | You can go see that at this week in startups.com slash angel. This season season seven, we went in the opposite direction. |
| 0:26.1 | We're only going to interview fund managers who have |
| 0:30.0 | witnessed and invested through three cycles. Let that sink in. That means they started their investing career during the.com bubble and they saw that bust. |
| 0:37.8 | Then they went into 2000. They saw the great recession. And of course, they invested through this latest cycle and this boom bus period, which is, you know, |
| 0:45.8 | 14 years. Now a bit of a disclaimer here. There are not many folks who last through three decades in a three venture cycles. |
| 0:54.1 | It just they don't exist. They're unicorns themselves. And we have to go find them very hard. |
| 0:59.7 | If you have ideas for people who've invested in all three cycles, please email producers at this week in startups.com. |
| 1:05.7 | Because we're having a hard time finding them. But today's was an easy choice. |
| 1:10.0 | Brad Feld of the Foundry Group. I have been friends with him for three decades as well. I met him during the dot |
| 1:15.7 | com boom bus cycle. And he gives, you know, his personal visas for who he's willing to work with in the trenches during these up and down periods. |
| 1:25.6 | This is one of those episodes that you're going to want to download. You want to save it. |
| 1:29.6 | Maybe listen to it every year. Maybe listen to it twice. If it's on three X speed or two X speed, go ahead and slow it down. |
| 1:36.1 | Get a notebook out. Get Chatchee PT out. Take some notes on this one because you're going to learn a ton. |
| 1:40.9 | Whether you're a founder or a capital allocator. I bring you Brad Feld. |
| 1:45.0 | Angel is brought to you by LinkedIn jobs. A business is only as strong as its people and every higher matters. |
| 1:53.2 | Post your first job for free at LinkedIn dot com slash angel masterclass learn from the world's best minds anytime anywhere and at your own pace. |
| 2:06.0 | Get 15% off an annual membership to masterclass at masterclass dot com slash startups. |
| 2:14.1 | And the Microsoft for startups founders hub helps all founders build a better startup at a lower cost from day one. |
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