ACQ2 by Acquired Joe Montana Interview Live from Modern Treasury Transfer
Aug 20, 2024
Joe Montana, legendary NFL quarterback and now venture investor at Liquid2 Ventures, shares his unique perspective on transitioning from sports to startup investing. He reveals how lessons from winning Super Bowls fuel his investment strategies. Topics include the importance of team diversity in both football and venture capital, and the mental demands of quarterbacking. Joe also discusses the challenges of early-stage investing and the value of seeking support as a founder, offering insights that blend athletics with entrepreneurship.
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Walsh's Coaching Philosophy
- Bill Walsh prioritized player freshness over constant hitting in practice.
- He believed effort was key, and if players showed it, they could avoid padded practices, keeping them fresh for games.
Building Liquid 2
- Joe Montana initially made his first two partners work for three months without pay, mirroring Bill Walsh's team-building strategy.
- This tested their commitment and allowed Montana to assess their compatibility before fully integrating them into Liquid 2 Ventures.
Warehousing Deals
- Joe Montana warehoused 26 deals before establishing Liquid 2 Ventures, including an early investment in GitLab.
- His wife playfully chides him about this, as the investment would have been significantly more profitable if held personally.