Venture Adventure With Ollen Douglass

Rule Breaker Investing

The Motley Fool

Business, Investing, Invest, Rulebreaker, Stocks, Company, Growth, Stockmarket, Fool, Foolish

4.5 • 928 Ratings

🗓️ 21 July 2021

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

To be a Rule Breaker investor, you need to think like a venture capitalist. So... what's a venture capitalist? Glad you asked! The Fool's own Ollen Douglass is here to explain what it is, what it does, and how you can dip your toes in the VC pool.

Transcript

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0:00.0	Venture Capital, on the one hand, the phrase has an allure,
0:05.2	capital that you are venturing, not just investing,
0:09.6	and it sure can end well or badly, because it's an adventure. On the other hand the
0:16.1	phrase and what it represents is pretty opaque to many of us. I mean have you
0:21.0	ever invested yourself venture capital are you a VC do you want to be one and how does that work and is it really possible to buy shares of a stock like Zoom, not just before the IPO, but years earlier,
0:37.5	along with other so-called venture capitalists. Well, my guest today is not only one of my favorite people,
0:45.3	he's also a true blue venture capitalists.
0:48.6	And he's kind of made me one too,
0:50.3	but it didn't start out that way for Olin Douglas, the long time chief financial officer of the Motley Fool.
0:55.3	Nope, he has evolved into that and he'll share a bit of his journey with you today, but he'll take you along for the ride not just on his journey but on our journey
1:04.9	together aiming to make you by the end of this hour smarter happier richer as
1:11.0	you obtain a big picture understanding of how venture capital works and to what
1:16.8	extent you can or should or should not participate and a lot of other foolish insights besides wisdom from a
1:26.2	fool only on this week's rulebreaker investing.
1:29.7	It's the rulebreakering Podcast with Motley Full Co-founder David Gardner.
1:37.0	Welcome back to Rule Breaker Investing, which in some senses is what venture capital investing is.
1:45.7	I mean, venture capitalists intentionally take on risk.
1:50.4	They know they're taking a lot of risk.
1:52.2	They're looking some often young person or team in the eyes and saying
1:56.3	Could this all end well and should I put not just my but the money of my limited partners in this or that stage and that to me is very
2:05.6	rule breakery and there's a lot of overlap between rule breaker investing I
2:09.2	think and venture capital investing but with my friend Olin Douglas joining me shortly,
	...

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