This Week in Startups Turner Novak: Turning memes into a $10M VC fund | E1332
Nov 24, 2021
Turner Novak, the innovative founder of Banana Capital, dives into the world of meme-driven venture capital. He shares his journey of breaking into the industry, focusing on the unique challenges of being an emerging fund manager. Novak discusses the surge in startup valuations and the potential of quick commerce in Latin America. He emphasizes the importance of networking and building relationships in VC while critiquing traditional investment strategies. Tune in for insights that blend humor and genuine investment wisdom!
AI Snips
Chapters
Transcript
Episode notes
Turner's Path to VC
- Turner Novak's non-traditional path to VC involved accounting, an investment club, and realizing the power of early investing.
- He honed his skills by writing online, creating a fantasy VC portfolio, and building a serious Twitter presence.
Memes as Distribution
- Raising a micro-VC fund leverages online distribution through memes for efficiency.
- This strategy resonated during the GameStop saga, proving the power of online influence.
Mastering VC Twitter
- To break into VC, master Twitter by copying interesting people and participating in conversations.
- Engage with top VCs by replying and contributing meaningfully to discussions.