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The Startup Playbook Podcast
Ep164 – Chris Hitchen (Managing Partner – Possible Ventures) on investing in the possible
May 26, 2022
Chris Hitchen, Managing Partner of Possible Ventures, shares insights on investing in frontier technology. He discusses his journey from athlete to investor, building conviction in partnerships, and the success story of investing in So Rare. The chapter also emphasizes the importance of authenticity in mission and navigating founder's challenges.
01:01:38
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Quick takeaways
- Invest based on potential, not probability to achieve success in venture capital.
- Balancing risk and conviction is crucial in early-stage investments for significant returns.
Deep dives
Investment Philosophy Based on Possibilities
The investment philosophy discussed in the podcast episode emphasizes focusing on what's possible rather than what's probable. This approach is illustrated through the success story of SoRare, a digital player card company where the investors preferred investing early based on the potential of the idea. They focused on understanding the authenticity of the mission and the motivation of the founders, aligning with a high-risk high-reward model, resulting in substantial returns.
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