meta_pixel
Tapesearch Logo
Log in
Forbes Talks

How F1 Champion Nico Rosberg Scored $100 Million For A New VC Fund

Forbes Talks

Forbes Media LLC

Business News, Forbes, Business, News, Economics, Entrepreneurship, Politics, Policy, Breaking News

54 Ratings

🗓️ 18 November 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

The 39-year-old racing legend’s fame gets him in the door with the world’s top investment firms. Now he’s betting that access can pay off for wealthy Europeans looking for a way into Silicon Valley.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

The hardest part about becoming an entrepreneur is because I need to learn so much from scratch.

0:05.0

Like in F1, of course, I was at the time the greatest expert that there was in F1 in terms of driving.

0:10.0

But then when you start something new, you need to start lower down and really learn, listen to podcasts,

0:16.0

speak to as many people as possible. It's a big, big learning curve.

0:19.0

My name is Nico Rosberg, ex-Fourn World Champion,

0:22.3

and now founder of Rosberg Ventures. Earlier this year, Rossberg announced the creation of a fund

0:27.5

of funds or an investment vehicle that pools capital and deploys it through the offerings of other

0:32.8

firms. He's now closed a $100 million raise for this fund, and the goal he says is to index the top U.S. venture capital firms.

0:42.1

And it's easy to see why.

0:43.7

According to Financial Services Company Wealthfront, 95% of the American VC markets realize returns are generated by the top 20 firms.

0:53.1

My path into venture capital started with angel investing,

0:56.0

but it's grown into interacting more and more with the actual VC firms

1:01.0

and the leading VC firms in the US.

1:04.0

And that's been a super exciting discovery for me.

1:06.0

I mean, the expertise that they have in picking and finding the right startups is phenomenal and that's

1:11.7

brought me to where I am now in developing and building Rosberg Ventures which essentially is a

1:17.1

fund of fund to begin with and that's where most the majority of my time goes into now.

1:21.7

We recently actually hit our biggest milestone so far which is reaching 100 million in assets under management.

1:29.0

It's a big milestone for us, and it's come really quickly, and that's all the more while

1:33.2

we're all so excited about what we're thinking that we can build here. And now we're moving

1:39.5

on to the next challenge, which is needing to deploy some of that capital. And so it never stops, really,

1:45.6

like constantly moving forward and tackling, tackling new challenges, which is what makes it so

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Forbes Media LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Forbes Media LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.