Invest Like the Best with Patrick O'Shaughnessy

Kanyi Maqubela - Dawn of the 21st Century - [Invest Like the Best, EP. 219]

Mar 30, 2021
Kanyi Maqubela, co-founder of Kindred Ventures and former general partner at Collaborative Fund, dives into the nuances of seed-stage investing. He draws parallels between today’s market and the Roaring ’20s, emphasizing lessons from historical trends. Kanyi discusses his approach to evaluating founders, shaped by his teaching experience at Stanford. He explores the significance of logistics and transportation innovations in the current landscape and advocates for a diverse mindset in investing, highlighting the impact of empathy in both life and business.
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INSIGHT

The Dawn of the 21st Century?

  • Kanyi Maqubela observes parallels between the current market and the Roaring '20s, noting aggressive valuations and rapid innovation.
  • He questions if this period, influenced by COVID-19, marks the true start of the 21st century, similar to the transformative era of the 1920s.
INSIGHT

Seed Stage Transformation

  • Seed stage investing has dramatically changed, with valuations and funding rounds becoming hyper-aggressive.
  • Kanyi notes a shift in market participants, with large hedge funds now entering at pre-seed stages, influencing pricing and risk assessment.
INSIGHT

Lessons from the 1920s

  • Kanyi's study of the 1920s reveals periods of mini-recessions within the overall growth, highlighting that growth isn't always linear.
  • He notes the parallel of increased retail investor participation, similar to the 1920s, but at a much larger scale today due to platforms like Robinhood.
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