Investment Misses and Market Insights

0:50 Jason intros CRV's George Zachary
2:20 Passing on Google at MDV and coming to peace with the anti-portfolio
5:51 Differences between leadership & management, where Steve Jobs, Larry & Sergey fell on that scale
10:27 Why 1990's VC was sales & marketing-driven instead of product-driven as it is now
12:52 What shifted the philosophy to product-driven businesses?
18:00 Meeting Elon Musk in the 1990's and backing Zip2
21:59 What were Seed investors like in the '90s? Origins of Sand Hill Road
25:48 Elon pitching Zip2 to a conglomerate of venture firms & selling Zip2 for cash
28:07 How VCs can be conceptually right and wrong in the outcome, how X.com merged with Confinity and became PayPal
33:27 Why is it harder to 3x the massive venture funds? How is age a limiting factor in VC?
40:28 "It doesn't make a difference what you pass on. It only takes 1 company to make your career." Positive & negative feedback cycles in VC.
42:54 Battling through multiple portfolio companies dying at once
44:15 What was George's biggest investment hit, both economically & personal fulfillment?
52:37 George describes his recent health scares and how they shifted his investment focus
1:04:06 Reasons the life-expectancy in the US has gone sideways in recent years
1:07:39 Potential health-tech advancements in the near future
1:21:58 Thoughts on CRISPR & "designer babies"
1:30:27 Cell-based fish & meat
1:37:32 Potential coronavirus repercussions - what's real and what's not?
1:55:13 Jason calls for eliminating handshakes