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Cyan Banister & Lee Jacobs Investing in the Magically Weird | SpaceX, Uber, Anduril, Crusoe
Dec 20, 2024
Cyan Banister, co-founder of Long Journey Ventures, and Lee Jacobs, focused on investing in 'Magically Weird' companies, share their insights on unconventional startups. They discuss creating deep connections at networking events and highlight how spirituality is reshaping business in Silicon Valley. The duo reflects on aligning profit with purpose and the importance of community among founders. Their unique approach has led to investments in groundbreaking companies like SpaceX and Uber, driving a shift in venture capital attitudes.
56:22
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Quick takeaways
- The 'Magically Weird' investment strategy focuses on uncovering unconventional startups that traditional investors often overlook, fostering innovation.
- Long Journey Ventures prioritizes creating engaging networking experiences that promote genuine relationships and deeper discussions among founders and investors.
Deep dives
Understanding the Ethos of Magically Weird
The concept of 'Magically Weird' emphasizes the importance of investing in unconventional companies that may seem strange or outlandish at first. The founders analyze their past successes to identify trends that are not tied to current popular themes, instead highlighting the unique ideas that often appear too bizarre for traditional investors to consider. This approach allows for exploration of frontier technologies and businesses that others might overlook, such as exploring government contracts or even Bitcoin mining in unusual locations. By focusing on ideas that spark curiosity and intrigue rather than consensus, they aim to create a safe haven for innovative founders who embody this ethos.
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