How long do you plan on deploying this next fund for? I think just the fund cycle is such an interesting thing. People want 50 million before they had product market, fit our customers or hadn't even launched their product. My belief is in 2023, I'm seeing so many good companies that have five to 50 K a month in revenue and they're priced at five to 15 million dollars.
Sophia Amoruso, Founder and GP at Trust Fund, joins Jason to discuss her angel investments (1:23), raising a fund publicly (5:54), and the creative process (12:14). Then, they discuss portfolio construction and putting past identities to bed (27:04).
(0:00) Molly kicks off the show
(1:23) Previous angel investing experience
(5:54) Why Sophia is raising a public fund
(10:45) Linode - Apply to Linode's Rise program for up to six figures in discounts at https://linode.com/twist
(12:14) Branding and the creative process
(20:55) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(22:25) What stage of investing is Sophia going after
(27:04) Portfolio construction
(37:16) Brilliant.org - Go to http://brilliant.org/twist to start your 30-day free trial today and get 20% off your annual premium plan
(38:44) Pro rata rights
(46:56) Putting past identities to bed
(1:01:18) Fund cycles
(1:05:17) Investing in founders or investing in ideas & more
FOLLOW Sophia: https://twitter.com/sophiaamoruso
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood