meta_pixel
Tapesearch Logo
Log in
The Times Tech Podcast

SeedInvest’s Ryan Feit: “The best founders are drop-outs and criminals”

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 7 January 2022

⏱️ 52 minutes

🧾️ Download transcript

Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Ryan Feit, co-founder of SeedInvest, to talk about creating the Robinhood for private startups (3:45), working at Lehman Brothers before the recession (6:45), scratching the entrepreneurial itch (12:45), business school (16:30), the idea for SeedInvest (18:30), getting a law passed in Congress (20:20), making the regulator’s job harder (28:45), pondering giving up (31:45), finally getting regulations passed (34:20), the average SeedInvest investor (37:50), what’s in it for founders (42:10), and frothy markets (46:40).

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Yo, technology.

0:02.0

What is it all about?

0:04.0

I would wake up all the time for years in the middle of the night and just say like, what have I done, right?

0:09.0

I had this huge opportunity cost.

0:11.0

Not only did I sort of like started a company and put my own money into it and pay myself nothing for a while,

0:17.0

but I left behind this, you know, this other career where I could be doing really well and very comfortable.

0:34.6

Welcome to Danny in the Valley, your weekly dispatch from behind the scenes and inside the minds of the top people in tech.

0:39.9

I am your host, Danny Fortson, and we are back. How was your Christmas?

0:45.1

Or perhaps the more appropriate question, were your Christmas plans upended in some way by COVID?

0:51.4

Mine were. One of our kids got a false positive. Actually, no, he got two false

0:56.6

positives, two false positives on an at-home test, which were then overturned by a negative

1:01.1

PCR test. But by that time, we had canceled our plans, which we'd been making for months.

1:06.7

Short version, these are, of course, all first world problems. Everyone's healthy. We ended up having a great break, but it was kind of a wild ride, very stressful. And I got to say, I don't know if anyone's plans weren't disrupted either because they got sick, somebody they know caught COVID, whatever may be. My hope is that this is the last desperate gasp of this pandemic before it turns into something less

1:28.8

scary, less lethal, less disruptive, and we can all just kind of get back to life. So that's

1:33.7

what I'm speaking into existence for 2022. But now, let's get to our first guest of the new year,

1:40.7

the first one of 2022. You guys are going to really enjoy this one. I have

1:44.9

Ryan Fight on the pod. He is the chief exec and co-founder of a company called Seed Invest. And

1:51.2

what they do is have created a platform that really allows anyone to invest in private startup.

1:57.0

So think of them like Robin Hood, but for private companies, which, as you'll soon hear,

2:02.5

these type of companies for decades were only really eligible for investment from professional

2:07.7

accredited investors. It was a very high bar, which meant only a small slice of people could

2:12.3

actually, you know, make a bet on the next Google or Facebook or Apple, whatever it may be.

...

Please login to see the full transcript.

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

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

Copyright © Tapesearch 2025.