For this special episode of Riding Unicorns, there is no guest. James Pringle and Hector Mason sit down together to look back at six years of the podcast, what they've learned along the way and how much the technology and venture landscape has changed since the first episode in 2020.
They discuss how Riding Unicorns has shaped their careers, from Hector going from Associate to General Partner at Episode 1 to James meeting his current boss through the podcast, as well as the network, investments and opportunities that have come from hundreds of conversations with founders.
The conversation also looks at where venture is heading next.
James and Hector compare today's AI boom with the 2021 market, discuss why extraordinary companies can still make bad investments at the wrong valuation, and explore where they think the biggest opportunities could emerge across AI, robotics, marketplaces, hardware and SpaceTech.
Topics Covered
• 6 years and 250+ episodes of Riding Unicorns
• How the podcast has shaped James and Hector's careers
• Their favourite guests and conversations
• The importance of consistency and building a network over time
• The AI boom versus the 2021 venture market
• Why AI still has a long way to go in real-world adoption
• How AI agents are starting to automate real workflows
• Why great founders still matter more than fashionable sectors
• The return of marketplaces and businesses with network effects
• Why hardware and the physical world are becoming more interesting
• Being right about a company but wrong about the valuation
• James and Hector's best investments and what they learned from them
• The opportunity for investors in UK and European technology
• Where they would invest today across AI, robotics and SpaceTech
• Their latest Future Unicorn predictions
• And, for the first time, James and Hector answer the Dinner Party Guest question themselves
The episode also gets into some of the investments that have shaped their thinking, including Hector's early investment in Lawhive and James's experience backing companies before they became unicorns, alongside the non-consensus investments they believe can produce the biggest venture returns.
After 250 episodes, one lesson keeps coming back: technology changes, markets move and investment themes come and go, but the fundamentals remain remarkably consistent.
Back exceptional people, stay curious, build relationships and keep showing up.
