How to Build an Emerging Manager Community | Rick Zullo | Superclusters | S3PSE1

Sep 9, 2024

Rick Zullo, Co-Founder and Managing Partner at Equal Ventures, delves into his journey in venture capital, highlighting key lessons on effective communication and the importance of sharing perspectives. He emphasizes building trust in emerging manager communities and the need for vulnerability and open dialogue. Zullo also discusses his personal challenges and perseverance in the VC landscape, as well as innovative strategies like reverse pitches. Insights on board dynamics and supporting founders round out a captivating discussion on nurturing a collaborative investment ecosystem.

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Intro

00:00 • 3min

The Art of Effective Writing: Frameworks and Discipline

03:00 • 2min

Navigating Venture Capital: Insights and Strategies

05:10 • 19min

Overcoming Adversity: A Personal and Professional Journey

24:12 • 32min

Building Trust in Emerging Manager Communities

56:20 • 30min

Navigating Liquidity and Asymmetric Strategies in Investing

01:26:05 • 2min

Navigating Investment and Board Dynamics

01:28:23 • 10min

Teamwork and Personal Passion

01:38:52 • 4min

Building a Community of Enterprise Talent

01:42:55 • 2min

Rick Zullo is the Co-Founder and Managing Partner at Equal Ventures. which invests into the future of four verticals: climate, insurance, retail, and supply chain, and boasts a portfolio including the likes of Threeflow, Leap, Smarthop, Ghost, Starday, David Energy, Leap, Odyssey, Vquip or Texture, just to name a few — many of which Rick serves on the board of.

Prior to co-founding Equal Ventures, Rick was an investor at Lightbank, an early-stage venture fund based in Chicago, where he led investments in companies like Riskmatch (acquired by Vertafore), Vettery (acquired by Adecco), Neumob (acquired by CloudFlare), Expel and Catalytic amongst others. Prior to Lightbank, Rick worked with investment firms Foundation Capital, Bowery Capital, and Lightview Capital, investing in technology companies across the capital spectrum from seed-stage to buy-out and began his career as a strategy consultant at Deloitte Consulting.

Rick received an MBA with Honors from Columbia Business School and graduated from the University of Richmond where he studied Economics and Leadership Studies.

You can find Rick on his socials here: X/Twitter: https://x.com/Rick_Zullo LinkedIn: https://www.linkedin.com/in/rickzullo/ And huge thanks to this episode's sponsor, Alchemist Accelerator: https://alchemistaccelerator.com/superclusters

OUTLINE:

[00:00] Intro

[00:42] Rick's book and how Rick thinks about his habit of writing

[05:45] How Rick became a VC

[11:36] The speed Rick listens to audiobooks

[12:38] How Sendbird closed their first customer

[14:20] Is networking a feature or a bug in VC?

[17:59] Rick's three hat framework

[26:07] Growing up with a stutter and weak knees

[35:58] Going from getting a job in VC to starting a firm

[46:42] What motivated Rick despite how hard it was to raise Fund I

[57:16] What makes EMC different from other emerging manager communities?

[1:04:03] How does Rick help people become vulnerable at EMC?

[1:15:25] What's broken with venture

[1:18:50] Rick's hot take on funds of funds

[1:22:04] "Seed stage is the worst stage to be investing into"

[1:27:54] Asymmetric insight and asymmetric value add

[1:33:00] How to pick board members as a founder when VC currently has high turnover

[1:39:54] What should people know about Rick that he isn't already known for?

[1:42:55] Thank you to Alchemist Accelerator for sponsoring!

[1:43:55] If you enjoyed this GP episode, do let me know in the comments or in DMs!

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