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Transparent Venture Capital by Tribe Global Ventures

Investor Focus Ep 9: Tom Waterhouse. Racing Identity to Venture Capitalist.

Transparent Venture Capital by Tribe Global Ventures

Tribe Global Ventures

Investing, Business:investing, Business, Entrepreneurship

51 Ratings

🗓️ 16 October 2024

⏱️ 55 minutes

🧾️ Download transcript

Summary

Tom Waterhouse, renowned racing identity turned venture capitalist, joins us on the podcast to share his journey from the world of racing to founding his investment firm, Waterhouse VC. Tom founded Waterhouse VC in 2019, focusing on investing in global businesses related to the wagering and gaming sectors. The fund primarily invests in B2B services to wagering operators rather than consumer-facing companies. They target companies that provide essential services to wagering operators. This includes investing in businesses at the intersection of wagering, video gaming, and media. Waterhouse sees emerging opportunities in the Metaverse and online ecosystems where wagering services could play a role.Tom offers insights into how he approaches venture capital investment using options, his key areas of focus, and the vision behind Waterhouse VC. The fund leverages the Waterhouse family’s extensive experience in the wagering industry and targets high-growth opportunities, particularly in sectors where regulatory pressures on operators could create demand for innovative B2B [email protected]

Transcript

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0:00.0

We basically go around the world toward the gambling conferences and just basically speed date with young, savvy entrepreneurs that are building differentiated tech in the gambling space.

0:20.0

We've been able to compound at 100% per annum for five years and

0:24.6

and yeah, well hopefully I've done a good job for them.

0:28.6

You know, so if they'd rather like die than let this business fail, that's amazing.

0:34.6

We see some founders that are ultra slow, like getting back to email,

0:39.7

replying, getting on calls, late calls. They're just, they can't even get their own stuff to get,

0:45.4

let alone the company. But then you come across people that are just literally will go to the end

0:49.6

of the earth to make this thing work. And we love that type of person because they are all in and will do anything possible to

0:57.9

make it work in some way.

1:00.2

I'm not some TV expert.

1:01.8

I actually head of Channel 9 sport when I went in for the dry run.

1:04.6

He goes club never seen anyone with less talent my whole time on television ever.

1:09.5

So that was very intimidating and daring to be on live TV to like a million or two million people.

1:16.6

And I remember I was on Dancing with the Stars to be 20 years ago now and I was just, I've already gone to the toilet 20 times or 30 times before going on. Just because it's so scary.

1:37.9

Tom, thanks so much for joining us.

1:40.4

It's a real pleasure to have you on,

1:42.1

and I look forward to what we're going to get into.

1:43.9

Thanks, John. Good to be on with you guys. What we like to do is kick off just a little bit with

1:48.5

the origin story. I think a lot of people would know some things, but they might not know

1:54.2

is that you're a VC investor now. So how did you make your way into VC and what's that those

1:59.9

origin steps? Yeah, okay. yeah okay yeah look we've been

2:02.6

running waterhouse PC for last five years and the background is my family's been in the

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