This Week in Startups Momentum investing in VC + Convective Capital’s Bill Clerico | E1627
Dec 4, 2022
Bill Clerico, former CEO of WePay and founder of Convective Capital, dives into the dynamic world of investing in firetech startups. He discusses the urgent need for innovative technologies to combat wildfires, including satellite analysis and robotics. The conversation also explores the pros and cons of momentum investing in venture capital, debating whether it reflects smart strategy or a market bubble. Listeners gain insight into specialized investments addressing climate change challenges while discovering how strategic funding can enhance wildfire resilience.
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Bay Area Advantage
- Invest in Bay Area or Bay Area-connected companies for higher chances of huge outcomes.
- Most $10 billion+ companies have Bay Area origins or connections.
Quantity over Quality
- Aim for quantity in angel investing due to high failure rates.
- Invest in 30-50 companies for optimal outlier potential.
High Growth Target
- Seek companies growing at least 3x annually.
- This indicates strong potential, but analyze profitability.