The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Chris Sacca on Coming Out of Retirement To Unf**k 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
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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.
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First Investments
- Chris Sacca's first investment was PhotoBucket, which sold for $330 million.
- His second was a $25,000 check in Twitter, which he needed back, leading him to offer unsolicited help at the company.
Luck vs. Skill
- Early losses in public market trading taught Chris Sacca a valuable lesson about luck and skill.
- He learned to invert the common misconception, recognizing that success is often attributed to luck, while failures reveal areas needing improvement.
Missed Airbnb
- Chris Sacca missed investing in Airbnb early on due to a pessimistic outlook, fearing potential negative incidents.
- This highlights the importance of optimism and focusing on the most likely positive outcomes when evaluating investments.
