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The Times Tech Podcast

Jason Calacanis: "A cacophony of idiots"

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 20 May 2017

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Sunday Times' tech correspondent brings on Jason Calacanis, one of Silicon Valley's most prolific "angel" investors, to talk about being one of the first investors in Uber (3:00), being the Cesc Fabregas of investing (9:00), how to fix Uber (12:00) how to make it as a foreign entrepreneur in Silicon Valley, Google and Facebook's damaging monopolies (28:00) having more Twitter followers than Barack Obama (38:00) and buying Tesla's very first Model S.

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Transcript

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0:00.0

Yo, technology. What is it all about?

0:05.0

Are you a budding entrepreneur?

0:08.0

Do you have an amazing idea that you think could be the beginnings of a very big company, but just don't know how to make it happen?

0:15.0

Well, you're in luck. Today on Danny in the Valley, we have Jason Calcanus.

0:20.0

He's one of the most active angel investors in the tech world.

0:24.1

He's invested in well over 100 companies, including a little one called Uber,

0:29.4

way back when no one had ever heard of it.

0:31.6

And we'll be talking today about what it takes to make it in the tech world,

0:35.2

and Jason is never short of opinions, so it should be an

0:38.2

interesting conversation. Let's see what he has to say.

0:47.0

How many companies have you invested in currently or have invested?

0:56.0

140, I think, is the latest count. We do 30 a year. So most of my investments, more than half, have come in the last two years. So the velocity is increasing. I think I'll wind up doing 30 this year. And then next year, I'm going to try to target 50. So one a week.

1:13.0

And can we talk about your biggest one? Sure. How did you get into Uber? So I knew Travis for,

1:20.4

gosh, and Garrett. I knew Garrett for a couple years. I knew Travis from his first company.

1:26.4

Yeah. So I knew Garrett Camp just for a couple of years socially. He did something called Stumble upon, which was a couple years. I knew Travis from his first company. Garrett Camp. Yeah. So I knew Garrett Camp.

1:28.1

Just for a couple of years socially, he did something called Stumble Upon, which was a really cool site that drove a lot of traffic to a lot of the blogs that I was operating like in gadget and joystick.

1:37.3

So I knew him.

1:38.9

Always thought, that's a smart cat.

1:40.8

But I knew Travis for a long time since he had scour, his first peer-to-peer software

1:47.0

company that I knew, I'd swush. So I just happened to run into him at a party. He said,

1:51.5

you want to see what I'm working on? He showed it to me. I said, can I invest? He said, sure.

1:56.2

I brought him to an angel meetup I used to do called Open Angel Forum. And Open Angel Forum was

...

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