What investors mean when they are "waiting for a lead" (VC Sunday School) + Seth Bannon of 50 Years | E1395

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 27 February 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

First up is a VC Sunday school where Jason discusses what investors mean when they say "we are interested in investing, but come back when you found a lead" (1:51). Then, we tease Molly's EV review of the Audi e-tron Sportback (20:42). To wrap, Molly does a This Week in Climate Startups segment with Seth Bannon, a founding Partner of Fifty Years, a Venture capital firm investing in climate solutions (34:12). You will learn:

1. The convictions that unpin Fifty Years' investment thesis

2. Why Seth thinks VC has lost his way

3. Why increasing longevity could be a net-positive for climate

4. How Fifty Years measures impact of their investments

5. How Seth evaluates the potential negative externalities of his investments

6. How his PhD to VC program works

(recorded on 2/9/22)

Show Notes:

(00:00) Jason and Molly tee up today’s topics: VC Sunday School, Molly’s EV reviews, and This Week in Climate Startups!
(01:51) VC Sunday School: Why some investors wait for founders to “find a lead”
(09:59) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(11:04) Getting to the root of why VCs wait for leads: nobody likes to turn down founders, LAUNCH role playing
(19:36) Revelo - Get 20% off the first 3 months by mentioning TWIST at https://revelo.io/twist
(20:42) Molly’s EV Review (check out at https://youtube.com/thisweekin), breaking down the next wave of EVs
(32:42) Bubble. Get one month free of a no-code plan at https://bubble.io/twist
(34:12) Seth Bannon of Fifty Years, raising their first fund, investment break down
(47:11) Seth’s thoughts on the startup ecosystem “losing its way” over the past few years
(55:03) Helping climate entrepreneurs

Check out Fifty Years: https://fiftyyears.com

FOLLOW Seth: https://twitter.com/sethbannon

FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, everybody. It is another Sunday edition of this week in startups. First up, everybody's favorite new segment
0:07.7	VCs Sunday school and we're gonna talk about Molly's question for me, which was what do people
0:13.7	Mean when they keep saying hey, we'll invest after you find a lead or founder say hey, we're looking for a lead
0:18.7	We've got a million dollars sitting here, but we need a lead. We need a lead and then
0:23.4	Molly has done her first EV review something we talked about on earlier podcasts that we wanted to do and so here
0:29.8	We go we're starting our review program of cars and the first car is the Audi e-tron sportsback great review up on YouTube right now
0:37.0	You go to youtube.com such as this weekend
0:39.5	Decarbonization can be sexy and then finally on this weekend climate startups
0:43.4	I interview Seth Bannon the founder of 50bc on
0:47.1	Investing in climate solutions and taking our industry to task just a tiny bit. It's gonna be a great show stick with us
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0:56.2	Odo is a fully customizable and fully integrated suite of business apps that lets you build and scale your stack as you build and scale your business
1:03.5	Your first app is free forever and right now
1:06.4	Odo is offering $1,000 off your first implementation pack at odo.com slash twist
1:12.8	That's odo.com slash twist. We're a vello
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1:29.6	Revello.io slash twist and
1:32.5	Bubble bubble empowers people to design and launch their own apps marketplaces or tools without needing coding skills or price
1:39.2	Engineers the first 500 listeners will get one month free on any of bubble's paid plans from $29 a month up to
1:46.3	$529 a month at bubble.io slash twist
1:51.0	All right, it's time for VC Sunday school. It's on your mind Molly. What are you wondering about?
	...

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