The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

404. Co-Founding Greycroft with Alan Patricof & Dana Settle; Balancing Thesis Focus and Flexibility; AI Tooling vs. AI Platforms; and the Search for the Next Form Factor Amidst Smart-phone Saturation (Ian Sigalow)

Oct 9, 2023

Co-founders of Greycroft, Alan Patricof and Dana Settle, share their journey in venture capital and the evolution of Greycroft. They discuss the role of form factor in killer apps, the impact of AI as a platform, and recent acquisitions in the gaming industry. They also highlight Greycroft's focus on intelligent applications, their partnership with Coca-Cola for a sustainability fund, and the importance of memory and connection in their business.

51:34

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Episode guests

Dana Settle

Alan Patricof

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Remaining open to new opportunities is crucial in the ever-changing venture landscape.

AI is identified as a major growth platform for consumer software and applications, with spatial computing being the next growth opportunity.

Deep dives

1. Ian Sigolo's Path to Venture Capital

Ian Sigolo shares his journey to venture capital, starting with an internship at an investment bank that led him to discover his passion for tech banking. He then transitioned to venture capital right after college, joining Boston Millennium Partners. Later, he co-founded Greycroft and discusses the mentorship he received from Alan Patricof, who played a crucial role in launching Greycroft.

Introduction

3min

Alan Patricof and the Evolution of Greycroft

22min

The Role of Form Factor and the Impact of AI

10min

Acquisition of Scopley by Saudi-backed savvy games group and the potential benefits

2min

Focus on Intelligent Applications and AI Infrastructure

2min

Coca-Cola's Sustainability Fund

11min

Memory, Connecting with the Guest, and Conclusion

2min

Ian Sigalow of Greycroft joins Nick to discuss Co-Founding Greycroft with Alan Patricof & Dana Settle; Balancing Thesis Focus and Flexibility; AI Tooling vs. AI Platforms; and the Search for the Next Form Factor Amidst Smart-phone Saturation. In this episode we cover:

Venture Capital, Technology Trends, and Entrepreneurship
AI, GPUs, and Edge Computing
Future Growth Platforms for Consumer Software and Applications
AI Adoption and Platform Development
Investment Strategies and Portfolio Performance in the Tech Industry
Venture Capital, Public VS Private Markets, and Personal Habits.

Guest Links:

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!

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The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

404. Co-Founding Greycroft with Alan Patricof & Dana Settle; Balancing Thesis Focus and Flexibility; AI Tooling vs. AI Platforms; and the Search for the Next Form Factor Amidst Smart-phone Saturation (Ian Sigalow)

Episode guests