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
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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.
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