Sourcery 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.
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Unconventional Investments
- When Uber started, few believed people would use ride-sharing.
- Similarly, Niantic's Pokémon Go and Crusoe's Bitcoin mining using gas flares seemed crazy.
Magically Weird
- Long Journey Ventures invests in pre-seed/seed-stage companies.
- They seek "magically weird" ideas, including unusual businesses led by unconventional people.
Seek the Unusual
- Embrace companies that others find confusing or too early.
- These often overlooked ideas hold the greatest potential.