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The Casey Adams Show

Chad Byers - Co-Founder & GP of Susa Ventures; Gain Insight into Early Stage Investing

The Casey Adams Show

Listener.com Podcast Network

Business, Entrepreneurship

4.8637 Ratings

🗓️ 9 August 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

On this episode of The Casey Adams Show, Chad Byers, co-founder and general partner at Susa Ventures, shares his experience in venture capital. He explains the key to success in early stage investing, his experience of raising their first fund, and his thoughts on competition, and offers four key pieces of advice for first-time venture capitalists. Follow Chad on Twitter: https://twitter.com/chadbyers [00:00:00] Startup journey to venture fund. [00:04:27] Early stage investing success [00:09:47] Find brilliant entrepreneurs, build network. [00:14:06] Venture capital highly vintage dependent. [00:18:43] SF Bay Area: Home of Entrepreneurship and Innovation. [00:23:48] Tech force for good: SF home base. [00:27:46] Competitive drive to improve daily. [00:32:49] Compete, test mental fortitude, social accountability. [00:37:11] Venture investing: harder, AI challenge, strategy advantage. [00:41:13] Build team, execute strategy, cultivate relationships. - Follow Casey on social media: Instagram: https://www.instagram.com/casey Twitter: https://www.twitter.com/CaseyAdams  TikTok: https://www.tiktok.com/@caseyadams YouTube: https://www.youtube.com/@CaseyAdams Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

All right, welcome back to the Casey Adams show. Today, I am joined by Chad Byers, the co-founder and general partner at Sousa Ventures.

0:08.9

Thanks so much for coming to show, Chad.

0:10.6

Thanks for having me.

0:11.8

Absolutely, man. So you've been in venture for a while. And I think just from a business perspective, what led you into starting your own venture fund?

0:21.6

And, you know, what was your, the origin story of Sousa?

0:25.6

Yeah, so I've now spent about 10 years in venture.

0:28.6

So I'm a dinosaur in terms of how long I've been doing it.

0:32.6

But the background story is I was born and raised in the San Francisco Bay Area. I think only with age,

0:39.2

you get the perspective of how lucky and awesome that is. And both I mean just from exposure to

0:45.4

startups and technology, but also just culturally, there's an acceptance of risk, there's an

0:50.1

acceptance of failure. I think that stuff kind of leads into you a little bit through

0:54.4

osmosis, you know, being based there. And so the background for me is my dad was actually in

1:01.6

venture. And as a kid, you don't really pay attention to what your parents do much other than

1:06.8

I noticed that he loved what he did. And so as I got older, my interest was always kind of more from an entrepreneurial

1:13.9

standpoint.

1:14.6

I was always starting little companies and businesses as a kid.

1:17.7

I was fascinated with the idea that you could spend your energy, build something that

1:22.4

could make money all on your own if you just grind it hard enough.

1:26.3

And so that kind of pattern of starting little projects, I'm called businesses.

1:30.7

I call them projects and we can talk about some of them later.

1:35.2

You know, after school I did the thing that people tell you to do, which is go get operating

1:39.6

experience.

...

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