Capital Allocators – Inside the Institutional Investment Industry Rick Heitzmann – New York Venture Investing at FirstMark Capital (EP.350)
6 snips
Nov 13, 2023 In this engaging discussion, Rick Heitzmann, Founder and Managing Partner of FirstMark Capital and a top venture capitalist, dives into the vibrant New York tech scene. He shares insights on transitioning from Wall Street to venture capital, emphasizing the importance of building communities or 'guilds' for better decision-making. The conversation also explores future trends in digital health and gaming, as well as the evolving landscape of the metaverse. Plus, Rick reflects on balancing personal and professional challenges while advocating for resilience and embracing failure.
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Bakery Bankruptcy
- Rick Heitzmann's early career involved distressed buyouts, including a bakery.
- A poignant encounter with the bakery owner's family made him rethink his career path.
Bridge to VC
- The internet's growth potential intrigued Rick Heitzmann, but he lacked tech experience.
- Business school offered a bridge into venture capital during the internet boom.
Dot-com rollercoaster
- Rick Heitzmann joined Pequot Capital during the dot-com boom and bust.
- This experience gave him a rapid education in venture capital's cyclical nature.
