Joe Lonsdale – Entrepreneurship and 8VC (First Meeting, EP.09)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.7 • 841 Ratings
🗓️ 30 September 2019
⏱️ 30 minutes
🧾️ Download transcript
Summary
Joe Lonsdale is a founding partner at 8VC, a leading venture capital firm that partners with top founders and entrepreneurs to build lasting technology platforms. He began working at Peter Thiel's PayPal while Joe was an undergraduate at Stanford, and upon graduation became an early executive at Thiel's Clarium Capital, which became a multi-billion dollar global macro hedge fund.
From within Clarium, Joe went on to become a co-founder of Palantir, and later founded Addepar and OpenGov. After operating this series of successful start-ups, he turned to early stage venture investing for himself and then as a founding partner of Formation 8, the precursor to 8VC. In 2016 and 2017, Joe was the youngest member of the Forbes 100 Midas List.
Our conversation begins with Joe's dive into entrepreneurship out of school, the founding of Palantir and Addepar and his shift from operator to venture capitalist. We discuss the venture landscape, 8VC's competitive advantage, building new companies within 8VC, price competition for deals, the due diligence process, adding value to portfolio companies, and new ideas on the horizon in venture investing.
Although we were pressed for time, Joe packs the conversation with great nuggets of wisdom from his incredible success.
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Transcript
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| 0:00.0 | Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets. |
| 0:10.5 | Ten East brings benefits of having your own family office without the cost and headaches of doing so. |
| 0:16.8 | It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner. |
| 0:24.2 | Michael and his investment team offer members the opportunity to co-invest by offering at their |
| 0:29.1 | discretion. Michael and his team source, diligence, and commit material personal capital to each |
| 0:35.3 | investment. The opportunities shared on the Ten East platform |
| 0:38.9 | offer exposure to private credit, real estate, niche venture and private equity, and other |
| 0:44.5 | idiosyncratic investments that typically aren't available through traditional channels. |
| 0:49.2 | The principles have over a decade track record of investing in these types of exposures |
| 0:53.5 | across more than 350 |
| 0:55.7 | transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting, |
| 1:01.8 | just as you'd expect from an institutional investment organization. I've known Michael for about a |
| 1:07.0 | decade, and after becoming impressed by the quality of 10 East offerings, its research process, |
| 1:12.2 | and high-quality investment team, I became an advisor to the organization, an investor in multiple |
| 1:18.0 | offerings. You can learn more and join me as a member at 10-east.com. That's the number 10, |
| 1:25.4 | east.co. |
| 1:33.6 | Capital Allocators is also brought to you by SRS Aquium. |
| 1:37.4 | Want to make sure your M&A processes aren't stuck in the past? |
| 1:43.6 | How about partnering with a company that's been defining the future of dealmaking for nearly two decades instead. |
| 1:50.9 | When it comes to M&A innovation, SRS Aquium has reshaped the way deals get done more than anyone else, streamlining processes for maximum efficiency and minimum headaches. |
| 1:56.6 | Professional shareholder representation? online M&A payments, |
| 2:02.7 | digital stockholder solicitation, |
... |
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