Luke Diaz: Empowering Diverse Founders

Luke Diaz, the founder of DBT Ventures, is a former hedge fund partner turned venture capitalist with a distinct approach to supporting startups and fostering entrepreneurship. In our conversation, we explored a variety of topics that reveal Diaz's unique business philosophy and personal journey. 

A significant focus of our discussion was on Diaz's commitment to supporting underrepresented entrepreneurs. He shared startling statistics about the funding gap in venture capital, noting, "females start about 20% of companies, [but] only receive 2% of the venture capital." This discrepancy is even more pronounced for BIPOC founders, who are "six to eight times less likely to get funded." Diaz's passion for addressing this imbalance is evident as he seeks to invest in these "underdogs" with resilience and a drive to prove themselves.

Diaz's journey from finance to technology and venture capital is a testament to his belief in following one's passions and instincts. He candidly spoke about leaving a successful but unfulfilling career in finance, a move that led him to found DBT Ventures (Do Big Things). His approach to investments is intriguingly heart-led, as he explained, "I make the decision based on my intuition... and then I rationalize afterwards looking at the data."

Another compelling aspect of our conversation was Diaz's perspective on resilience. He views it as a crucial trait in entrepreneurs, driven by a mix of personal history and a desire to challenge the status quo. Diaz's own story of growing up in poverty adds depth to his understanding of the struggles faced by many founders. He believes that "when the whole world is moving against you... [resilience] is something that is deeply moving."

Diaz also shared his personal challenges and achievements, including learning to fly and completing an Ironman triathlon. These accomplishments reflect his philosophy on freedom and the power of setting and achieving goals. He views freedom as "the superset of things that you could do," emphasizing that it's more about personal growth and less about financial wealth.

Regarding money, Diaz offered a nuanced view. He sees money as a tool that "tends to amplify character," and stressed the importance of saving and the power of compounding.

Listeners can gain valuable insights from Diaz's experiences and perspectives, particularly on resilience, the importance of supporting diverse entrepreneurs, and the balance between emotional intuition and rational analysis in business decisions. His story is a reminder that success isn't just about financial gains, but also about making a positive impact and pursuing personal fulfillment.