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Big Swings, Risk, and Big Picture Thinking in Venture Capital
A discussion on the risks and rewards of the venture capital business, including the importance of taking big swings, structuring investments to absorb downside, and the inherently risky nature of the business.
Dan Gavel, founder of Black Sheep Capital Fund and the Flock Syndicate, shares his unique approach to investing and discusses the importance of understanding risk. He emphasizes the need for investors to have the capacity to accept risk and adapt their investment strategies to the changing market. Dan also talks about the benefits of running a fund, a syndicate, and making personal angel investments simultaneously. He explains how he decides which investments go to each channel and the importance of building relationships with founders. Dan believes that being a lead investor is more about post-investment support and guidance rather than pre-investment due diligence. He also shares a personal story of a risky investment that didn't go as planned.
Dan Gavel is the founder of Black Sheep Capital Fund and the Flock Syndicate. He has a background in financial planning and has made numerous successful angel investments. Dan is known for his down-to-earth and innovative approach to investing.
First Cheque is part of Day One, the podcast network dedicated to founders, operators & investors.
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This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy
Podder - https://www.podderapp.com/privacy-policy
Mentioned in this episode:
June 2024 – Vanta First Cheque
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