This Week in Startups How VCs decide to sell a position + Future's Jean-Louis Warnholz | E1575
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Oct 2, 2022 Jean-Louis Warnholz, Co-founder and CEO of Future, shares insights on creating a climate-friendly debit card that incentivizes sustainable consumer behavior. He discusses innovative approaches for tracking carbon footprints linked to daily purchases and how his startup integrates financial tools with eco-conscious choices. The conversation also touches on strategic partnerships aimed at promoting decarbonization, showcasing how fintech can empower consumers to engage in responsible spending while enjoying cashback rewards.
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Taking Chips off the Table
- Sell 10-20% of your position in a private company if offered a great price.
- This locks in wins, returns money to LPs, and allows for reinvestment.
Long-Term View
- Public company performance can often exceed private market gains.
- Consider long-term potential when deciding to sell private shares.
Missed Opportunity (Fab.com)
- Jason Calacanis almost invested in Fab.com as a gay social network, but declined when it pivoted to e-commerce.
- Fab.com later reached a billion-dollar valuation but eventually failed.