Full $FB earnings breakdown, NFT company violates music IP + Behind Genius' Paige Finn: Angel S6 E4 | E1377

Feb 4, 2022

Paige Finn, founder of Behind Genius Ventures and author of "Seed to Harvest," discusses her rapid rise in venture capital after just a year and a half post-graduation. She shares how she secured her first fund allocation, raised $1.6 million, and set up an SPV as a non-accredited investor. Finn also highlights her investment strategies and the books that have shaped her approach. The conversation touches on ethical implications in the NFT space regarding music IP, emphasizing the need for integrity in innovation.

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INSIGHT

Meta's Rebranding and Apple Blame

Facebook/Meta's rebranding was a sign of desperation to escape negative PR, regulation issues, and competition.
Blaming Apple's privacy changes for revenue loss might cover deeper issues like negative user growth.

ANECDOTE

Zuckerberg's Disruption Obsession

Mark Zuckerberg's obsession with disruption led to a metaverse pivot, a concept he didn't even originate.
This rebranding mirrors past behaviors of prioritizing disruption over genuine innovation.

ADVICE

Prioritize User Privacy

Advocate for user privacy and data protection.
Empower users to control their own data and online experience.

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In the opening news segment, Molly and Jason break down the numbers behind Facebook's colossal drop in market cap (2:42). Then, they cover a company that seems to be violating music copyrights to sell NFTS (38:14).

Then, Paige Finn of Behind Genius joins for Episode 4 of Season 6 of Angel (49:45). Paige became interested in venture capital during college, but within a year and a half of graduating in 2020 she already has a fund!

In this episode you will learn:

1. How she secured her first allocation before having a fund

2. The steps she took to set up an SPV while being a non-accredited investor

3. How she raised a $1.6m fund

4. Behind Genius' investing thesis and strategy

5. The books that have most influenced her work and writing style

6. Why she wrote a picture book (for adults) called "Seed to Harvest: A Simple Explanation of Venture Capital"

00:00 Jason & Molly introduce the show
02:42 Facebook's painful $220B market cap drawdown
07:32 Is blaming Apple
10:29 LinkedIn - Post your first job for free at https://linkedIn.com/twist
11:37 "This is one of the most hardcore hits I've ever seen in business"
14:11 Would Zuckerberg leaving hurt the company even more?
17:33 Do rebrand's ever really work?
20:08 Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
21:29 Could Facebook have been a successful hardware operator?
25:03 Breaking down the numbers around Meta's future business
30:32 Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist
31:51 Is there a solution for Zuckerberg?
36:28 How Jason's divorced friends use Instagram
38:12 NFT site "Hitpiece" accused of trying to sell songs without consulting original artists
49:44 Interview - Paige Finn of Behind Genius
52:02 How Paige learned about VC in 2018
55:28 Behind Genius' investing thesis and strategy
1:00:05 How Paige set up an SPV while being a non-accredited investor
1:10:11 How her book "Seed to Harvest: A Simple Explanation of Venture Capital" helped her gain credibility
1:13:51 Paige's most influential books
1:23:09 Paige's day to day life as an investor
1:33:55 Plugs from the TWIST team

Check out Behind Genius Ventures: https://www.behindgeniusventures.com

FOLLOW Packy: https://twitter.com/paigefinnn

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