Acquired

Special: Ho Nam from Altos Ventures — A Different Approach to VC

Jun 21, 2021

01:49:40

Creator website

Highlights

AI Chapters

Episode notes

Engagement Breeds Innovation

01:17

Find Your True Calling to Thrive

01:34

Safety Lies in Resilience

01:06

Find Your Faithful Backers

01:47

Introduction

3min

Metimco's Team Structure Enables Growth

4min

We're the Largest Shareholder at the Time of Ipo, Right?

2min

Canadians Start Up - Club Penguin

3min

The Hedgehog

2min

The Hedgehog Concept

4min

How Did You End Up Making the Untradition Moves?

3min

How to Make a Good Investment Decision

2min

The 200 Million Dollar Mistake

3min

10.

Theuno v Cs Are Really Small, and They Can't Be Registered Investment Advisers, Right?

2min

11.

What's the Point of No Fee, No Carry?

3min

12.

Rollbock's Journey

2min

13.

Wowa Brothers - The Most Important Company in the World

1min

14.

Is This a Tiny, Little, Ten Million Dollar Company?

2min

15.

Woa Brothers - The First Carean to Sign the Giving Pledge

3min

16.

I Think We're Actually Worth Twice as Much Now, Right?

3min

17.

Cross Fund Investing

2min

18.

Funds for Korea - We're Going to Go Beyond That 15 % Limit

2min

19.

Master Works - The Best Asset Class in the World

3min

20.

Don't Show Me Another Deal to Make Money

1min

21.

You're Painting a Measly Mead, but There's No Formula

2min

22.

Venture Back Companies - What's the Business Side?

4min

23.

How to Hire the Right People in a Startup?

2min

24.

I'm a Big Fan of the Ipo Prospectus, and the People Behind the Scenes

1min

25.

Capital Efficiency

3min

26.

The Number One Rule We're Trying to Protect the Founders

2min

27.

How to Make Decisions in Fast Growing Tech Companies Around Investment Multiples

2min

28.

Value vs Growth

3min

29.

You Don't Offload It That Way

2min

30.

You Can Always Invest

4min

31.

How to Decide if a Business Is Really Special?

1min

32.

The World Just Doesn't End When Bad Things Happened

4min

33.

Are You Dealing With a Debt Provider?

2min

34.

What Gives You Conviction in a Business?

4min

35.

Do You Know What You're Doing?

2min

36.

Is There a Relationship Between Investor and Company?

4min

37.

The Leavitor Lone Strategy Works Pretty Well

2min

38.

Aren't You a Money Manager?

2min

39.

Aquired - What's Going On?

3min

40.

Is Twitter a Conversational Platform?

3min

41.

I've Been Using Twitter for a Long Time Now

2min

42.

A Friend of the Internet, Larry Morse

4min

What do you get when you combine Berkshire Hathaway's approach with early-stage venture capital? Altos Ventures. We're joined by Altos's wonderful Ho Nam to discuss their highly unusual approach to VC, which has resulted in them becoming significant shareholders in great companies like Roblox, Coupang, Woowa Brothers and Krafton (makers of PUBG). This episode is an absolute must-listen for anyone in our industry — Ho is one of the best and most under-the-radar thinkers in Silicon Valley, and has many lessons to offer us all!

Sponsors:

ServiceNow: https://bit.ly/acqsnaiagents
Huntress: https://bit.ly/acqhuntress
Vanta: https://bit.ly/acquiredvanta

More Acquired!:

Get email updates with hints on next episode and follow-ups from recent episodes
Join the Slack
Subscribe to ACQ2
Merch Store!

Topics covered:

Altos's 13-year+ journey with Roblox, and how they deployed over $400m into the company out of an $86m fund
Altos's heritage in Jack McDonald's Investments class at Stanford GSB, and the influence of Jack, Phil Fisher and Warren & Charlie
How Altos successfully "value invests" in venture capital, and reconciling cashflow potential with growth
"Good fundraisers" vs. "bad fundraisers" and correlation with returns
Altos's unique fund structure and how they're architected to stay with companies longer than a typical venture capital firm
Ho's Twitter presence and how (and why) he went from de minimus followers to one of the top FinTwit accounts in a few months

Links: