True Ventures' Jon Callaghan: 'You've got to fail with class'

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9 • 654 Ratings

🗓️ 1 July 2017

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Sunday Times tech correspondent Danny Fortson brings on Jon Callaghan, founder of True Ventures, on investing in things before there is a market (3:15), finding Fitbit (6:00), backing big ideas (9:15), celebrating failure (16:00), a drone investment that crashed (21:00), backing Wordpress (26:00), why we're not in a bubble (27:15), turning computers on human health (32:00), why venture capital is a weird business (35:00), how money gets in the way of good ideas (39:45) and why robots are 'the next big thing' (42:15).

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Transcript

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0:00.0	The future is unpredictable at times, that the Open University are the experts in distance learning, allowing you to fit study around your life.
0:11.3	What's more, you'll have support from dedicated tutors every step of the way.
0:16.0	Now, suddenly your possibilities are open.
0:20.2	Registered by the 9th of January to get started.
0:25.2	The Open University.
0:27.2	The future is open.
0:32.3	Yo.
0:34.0	Technology.
0:35.5	What is it all about?
0:37.0	This little talking to the motherfuckin' hands.
0:41.3	The other day, I went to a Snoop Dog concert.
0:49.3	But this was not your typical hip-hop show.
0:53.3	Weed smoke wasn't wafting through the air, other than from the very large spliff
0:58.0	Snoop was smoking on stage.
1:00.0	The crowd wasn't singing along or rapping along with the words.
1:04.0	Actually, most of the folks there acted as if they'd been bolted to the floor,
1:08.0	with this look of bemusement written across their face.
1:12.0	It was like they had all been looking for a cold play concert,
1:14.8	but their Uber drivers had taken a wrong turn and dropped them off there instead.
1:19.5	But this is what happens.
1:21.6	When you pay a hip-hop legend to play a conference on data storage.
1:26.0	Yes, data storage.
	...

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