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The Times Tech Podcast

Obvious Ventures’ Andrew Beebe: “Do stuff that matters”

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 11 November 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Andrew Beebe, to talk about “world positive” investing (4:00), the dotcom boom (5:30), zeroing in on climate years ago (10:10), how a cold call to Google worked (12:10), how he met Twitter founder Ev Williams (16:00), investing in the downturn (19:10), screening for world positive companies (23:45), how he coaches founders (28:20), climate tech whiplash and why this time is different (32:000), and his worst day of work (40:30).

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Transcript

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0:00.0

Yeah. Technology. What is it all about? And I used to get like people sending us pitches for like

0:08.0

automated yoga mat cleaning for, you know, yoga studios or whatever. And the early days were a little

0:15.9

tricky. We were helping people understand what we meant. And what we meant was, no, we want to make a lot of money.

0:21.8

We want to make more money than other firms,

0:24.6

but we want to do it by finding these mission-driven founders

0:28.6

who want to take on the biggest Danny in the Valley your weekly podcast from behind the scenes and inside the minds of the top people in tech.

0:51.9

Oh my goodness.

0:57.2

What another wild week out here. Got the laughs at meta. The collapse of FTX. Just an amazing story. Sam Bankman-Fried going from

1:03.4

supposedly $15 billion net worth to a whole lot less than that. And then of course, we're another weekend to Twitter under Musk.

1:14.1

So just a ton happening here. It really does feel like we're entering, if not a full recession quite

1:21.0

yet. There's certainly a tech recession as companies pull back and kind of really fall from the

1:25.7

great, very great heights, they reach,

1:28.3

especially during those last couple years of the pandemic.

1:30.4

And it's easy to feel like the sky is falling and kind of everything's going to stop.

1:36.0

But if you've been there before, if you've seen this movie before, if you've starred in it,

1:40.3

you can keep your head about you and actually do some pretty cool stuff.

1:43.8

And that is what I wanted to talk about with this week's guest.

1:48.5

Andrew Beebe is the managing director of Obvious Ventures.

1:52.2

The venture firm originally funded and set up by Ev Williams,

1:56.0

the co-founder of Twitter and Medium.

1:58.8

And Beebe has been doing at Obvious for many years what a ton of REVs have been,

2:04.8

I've started to do over the last couple, which has invest in what obvious calls

...

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