The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified 465. The Villain Test, Lessons from an OG at Sequoia, Spotting Superstars at Seed, Mastering Follow-on, and the Future of Consumer Tech (Craig Shapiro)
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Jan 13, 2025 Craig Shapiro, Founder and Managing Partner at Collaborative Fund, discusses mission-driven investing and the rise of personalized consumer products. He dives into the 'Villain Test' for evaluating product viability and shares insights on innovative hiring strategies for startups. Shapiro also addresses the delicate balance between data privacy and consumer convenience, emphasizing the need for trust between founders and investors. With a decade of successful investment strategies, he highlights the importance of long-term thinking in venture capital.
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For-Profit and For-Good
- Collaborative Fund invests in companies balancing profit and social good.
- They believe the best returns come from meeting both self-interest and broader human interests.
Five Levels of Entrepreneurship
- Craig Shapiro uses the "five levels of entrepreneurship" to illustrate founder motivations.
- He believes the most successful founders are mission-driven from the start and remain so.
Impact Investing
- Impact investing is a sound concept but often poorly executed.
- Collaborative Fund aims to align with mission-driven founders without sacrificing returns.
