1947 Rise cover image

1947 Rise

59: Ryan Hoover (Weekend Fund) | "101 Guide For Emerging Fund Managers" | 1947 VC

Apr 13, 2023
Ryan Hoover, founder of the Weekend Fund and Product Hunt, dives into the world of angel investing and shares his journey of establishing the Weekend Fund. He discusses his evolving portfolio construction methods and the challenges of fundraising. Hoover emphasizes the importance of storytelling when pitching to limited partners and offers insights on relationship-building. He also reflects on the role of luck in success and shares recent personal well-being changes, showcasing his multifaceted approach to investment and life.
38:47

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Ryan Hoover emphasizes the importance of identifying high-growth startups, illustrating how a single seed investment can drive significant portfolio returns.
  • Under Weekend Fund's diversified model, Ryan advocates for collaborative investments rather than leading rounds to enhance deal flow and adaptability.

Deep dives

The Venture Capital Landscape

The podcast highlights the power law dynamics in venture capital, where a small number of companies often drive the majority of returns. The speaker shares a successful investment example from their first fund, involving a $75,000 seed round that ultimately accounted for a significant portion of the portfolio's value. This illustrates the importance of identifying and investing in potential high-growth startups. The discussion emphasizes that having enough investment opportunities is crucial to find these standout companies.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode