The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Chris Sacca on Coming Out of Retirement To Unfk The Planet with Lowercarbon, How Chris Evaluates His Relationship To Money Today, Why We Have Bred a Generation of Ass** Kids, Do VCs Provide Any Real Value and The True Unfiltered Opinion on Faceb

Oct 11, 2021

Chris Sacca, Founder and Chairman of Lowercase Capital and Lowercarbon Capital, dives into his mission to combat climate change and the motivation behind his return to investing. He reflects on his early ventures, including his pivotal $25K investment in Twitter, and shares candid insights on his evolving relationship with wealth. Sacca discusses the challenges of modern parenting, highlighting the need for resilience and empathy in raising today's children. He critiques major tech companies like Facebook while advocating for diversity and innovation in venture capital to drive meaningful environmental change.

01:16:00

Creator website

Episode guests

Chris Sacca

AI Summary

Highlights

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Chris Sacca's mission is to back companies that make real money slashing CO2 emissions and buying us time to unf**k the planet.

Chris Sacca emphasizes the importance of learning from failures and setbacks in investing.

Ownership and strong company culture are crucial for success according to Chris Sacca.

Transitioning to clean energy solutions not only benefits the planet but also offers massive financial opportunities.

Deep dives

Passion for Making a Difference

In this episode, Chris Sacca, founder and chairman at Lowercase Capital, discusses his passion for making a difference in the world through investing. He highlights his mission to back companies that have a positive impact, mentioning Lower Carbon Capital, a fund focused on reducing CO2 emissions. Sacca emphasizes the importance of using money to create a better future, tackle climate change, and support social causes.

Not competitive met geld

01:18

People who succeed are obsessed

00:51

Second investment in twitter

00:46

Relationship with chrystal

00:55

Intro

3min

Navigating Early Ventures

9min

Navigating Wealth and Parenthood

21min

Empowering Commitment in Work Culture

31min

Rapid Reflections and Industry Critiques

6min

Envisioning a Sustainable Future: The Urgency of Climate Action

4min

Excitement for Future Ventures and Startup Support Services

2min

Chris Sacca is the Founder and Chairman @ Lowercase Capital, one of the best performing funds in the history of venture capital with a portfolio including Uber, Stripe, Twitter, Instagram, Twilio, Docker and many more. Despite this incredible success, in 2017, Chris and his wife, Crystal announced they would be stepping back from day to day investing to focus on ongoing efforts to rescue our democracy, heal the planet, promote diversity within venture capital. Earlier this year, they announced Lowercarbon Capital, with $800M AUM, with the mission to back companies that make real money slashing CO2 emissions, and buying us time to unf**k the planet. Fun fact: As a result of his incredible investing success Chris has also been a Shark on Shark Tank and even starred in an episode of Billions.

In Today’s Episode with Chris Sacca You Will Learn:

1.) How Chris made his way into the world of investing having started life as a lawyer? What was his first investment? How did the first Twitter $25K angel check come about?

2.) How does Chris evaluate his own relationship to money and wealth? Why did Chris and Crystal interview some of the wealthiest people? What did they learn from those discussions? How does Chris view the role of luck? Why was it when Chris lacked optimism he lost the most money? How did being $4M in the hole from public markets impact his mindset?

3.) What does it mean for Chris to bring up healthy and happy children? Why does Chris believe today's parenting has bred a generation of asshole kids? In what way is great parenting aligned to great team management? How does Chris give feedback to his teams vs his children? What tone should be used? Should it always be "radical candor"? Should it be immediate?

4.) Does Chris believe that VCs really add any value? What does Chris believe is his secret sauce? Why does Chris believe that as a VC you have to be outspoken and loud about the value you provide? What have been some of the biggest lessons for Chris from sitting on boards and working with Bill Gurley? Why does Chris believe that most VCs are shitty managers?

5.) Why did Chris decide to come back from retirement and found Lowercarbon with Crystal? Why did he not decide to do it all with his own money? Why is now different for climate tech than prior generations of climate tech innovation? How big does Chris want to scale Lowercarbon? Will Chris make more money from climate investing than from tech?

Item’s Mentioned In Today’s Episode with Chris Sacca

Chris’ Favourite Book: Not Fade Away: A Short Life Well Lived, How To Raise an Adult

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more