Invest Like the Best with Patrick O'Shaughnessy

My guest this week is another in a recent series of people that makes me want to work harder, learn more, and do more for others. His name is Savneet Singh, and he has already accomplished a remarkable amount in the worlds of business and investing. He’s preferred to keep a bit of a low profile, but I’m hoping, for everyone’s sake, to change that a little bit.Savneet has invested in unique things like Spanish real estate, famous startups like Uber, cryptocurrencies before they were cool, and even websites. He founded and built a fintech company. And now, he both a partner at the wide-ranging investment firm CoVenture, with my previous guest Ali Hamed, and the co-founder of Tera Holdings, which is trying to become the Berkshire Hathaway of software companies.To say this conversation is wide-ranging is an understatement. What’s neat is that my favorite parts aren’t even on investing, but are instead on principles for living.                                                                                                    Savneet is one of the best people I’ve met in this journey. I’ve had several other conversations with him with shockingly low overlap with the one you are about to hear—a testament to his active and curious mind. I hope you enjoy learning from him as much as I have.For more episodes go to InvestorFieldGuide.com/podcast.Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.Follow Patrick on Twitter at @patrick_oshag Links ReferencedAli Hamed podcast episolde The VERY simple bear case for bitcoinOwl MountainBooks Referenced Buffett: The Making of an American Capitalist The Gorilla Game: Picking Winners in High Technology Show Notes2:30 – (First Question) – How Savneet started thinking about Spanish real estate.4:29 – Why Airbnb could be the most impactful and interesting of the companies like this5:25 – Savneet’s early entrepreneurial ventures6:42 – His big investing influences    7:02 – Buffett: The Making of an American Capitalist 7:40 – What did Savneet learn in his two years on the sell-side of Wall Street 8:50 – How the financial crisis impacted Savneet 10:11 – The entrepreneurial journey and GBI 11:40 – Savneet’s observations on the FinTech space and investing in it 16:22 – His thoughts on venture capital style investing 18:36 – Transition out of GBI into his partnership with Ali Hamed 22:13 – The impactful things that his parents did for him 23:23 – How Savneet thinks about justice in his life 26:19 – Why value investing struck a chord with Savneet  28:14 – Defining the proper long-term mindset when starting a company 31:21 – Knowing what he knows now, what does he think about Berkshire today 33:22 – The strategy behind Terra and how it came together35:00 – His checklist for deciding to invest in a firm41:38 – Why does Savneet think this is the space he wants to remain in for the long-term44:39 – How they are thinking about pricing a company they invest in47:03 – Lessons learned in sales and marketing that he can and will bring to the software world52:05 – What Savneet has learned from Constellation59:08 – What lessons has Savneet learned about taxes in their company structure1:02:13 – How they think about capital sourcing1:05:08 – His balanced view on crypto as an asset class1:05:18 – The VERY simple bear case for bitcoin1:09:45 – Savneet shares the Sikh philosophy with Patrick1:13:21 – A look at Owl Mountain1:15:59 – The Gorilla Game: Picking Winners in High Technology1:16:42 – Any other areas that people are underestimating1:17:22 – Kindest thing anyone has done for SavneetLearn MoreFor more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclubFollow Patrick on twitter at @patrick_oshag

It has been a while since we discussed private equity on the show, so I was excited for this week’s conversation. My guest is Dan Rasmussen, the founder of Verdad advisers. Dan worked in private equity and has spent years studying the entire field.Dan identified several key drivers of private equity’s outsized returns: size, value, and leverage. His firm uses these factors as a starting point to build a portfolio of public equities that behave like their private brethren.We cover a ton of ground, discussing the prospective returns for equities, forecasting, and tons of investing strategies.Please enjoy this conversation with Dan Rasmussen. For more episodes go to InvestorFieldGuide.com/podcast.Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.Follow Patrick on Twitter at @patrick_oshag Links ReferencedSubscribe to Dan The Gospel According to Michael Porter Tobias Carlisle Steven Pinker E.O. Wilson Books Referenced What Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All Time Quantitative Value, + Web Site: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors Expert Political Judgment: How Good Is It? How Can We Know? Superforecasting: The Art and Science of Prediction Show Notes2:03 – (First Question) – The current state of private equity investing       4:09 – The three myths of private equity 6:51 – Taking a deeper dive into the myth of growth through operational improvements9:29 – What Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All Time 11:25 – Valuations for private market investment and where they’re going 14:03 – Private equity companies that have a higher chance of delivering results that exceed expectation 16:39 – Other observations on the private equity space that would be interesting to investors considering the asset class 19:33 – Importance of being very purposeful in picking your reference classes19:42 – Subscribe to Dan 22:03 – How do the lessons Dan has learned in private equity translate to his investment strategies 25:21 – How do you apply purely technical, systematic thinking into public market investing 29:23 – Analyzing leveraged stocks and the value they could create 30:06 – How Dan thinks about the direction of debt vs just the level 33:11 – Predicting a firms ability to deleverage 35:20 – How Dan’s company whittle down a company and are able to see value beyond their quantitative screens 41:29 – How does Dan think about the global vs US opportunity set 44:22 – What originally drew Dan to the Japan market 47:03 – How do rising rates impact Dan’s strategy in investing in highly leveraged companies55:03 – Porter’s five forces55:25 - The Gospel According to Michael Porter1:00:51 – How Dan thinks about competitive advantage1:04:41 – Exploring Dan’s personal process in pursuit of his ideal strategy1:05:19 – Quantitative Value, + Web Site: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors1:05:20 – Tobias Carlisle1:06:27 – Steven Pinker1:06:28 – E.O. Wilson1:07:11 – What other markets pique Dan’s interest1:09:39 – Why there is such a focus on small for Dan1:11:24 – Expert Political Judgment: How Good Is It? How Can We Know?1:11:28– Superforecasting: The Art and Science of Prediction1:12:54– What was it like writing the book1:17:19 – If Dan was going to write another book today, what would it be about1:19:08– Kindest thing anyone has done for Dan Learn MoreFor more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclubFollow Patrick on twitter at @patrick_oshag

My guest this week, back for a second conversation, is Pat Dorsey. Pat ran equity research at Morningstar before leaving to start his own asset management company: Dorsey Asset Management. His areas of deep interest are competitive advantage and capital allocation. He believes that capital allocation should be in service of competitive advantage and invests in a concentrated portfolio that he and his team feel embody these ideas. If you have not already, I strongly recommend listening to our first conversation, which is a sort of crash course on moats. In this conversation, we cover different ground. We spend much more time on individual stocks like Facebook, Google, and Chegg, using them as examples to explore Pat’s investment philosophy and strategy. Across a few conversations with Pat, I can tell he is in love with this stuff, and I always enjoy talking to investors like him who so passionately pursue and edge. Please enjoy round two with Pat Dorsey.  For more episodes go to InvestorFieldGuide.com/podcast.Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.Follow Patrick on Twitter at @patrick_oshag Links ReferencedPat Dorsey's first appearance on the podcast HQ - Live Trivia Game Show Books ReferencedWorld After Capital Principles: Life and Work Show Notes2:15 – (First Question) – Pat’s methods for valuing a business 4:17 – Is this process done after they would first identify potential targets for investment 5:11 – Pat’s take on how the market classifies stocks as growth vs value 6:40 – Qualitative insights and why the market can’t price them very accurately 9:57 – The business model behind zero marginal cost distribution business model 12:00 – Network effects and the potential downside to them down the road 13:54 – Valuing Facebook as a business heavily reliant on network effects16:45 – What would have to change for Pat’s position on Facebook to radically change 18:58 – Most important lessons that a smaller/private business could learn from Facebook or Google’s business models 19:48 – Where is Amazon in Pat’s portfolio 22:06 – An example of where primary research led to a big surprise about a company 24:05 – The value of travel in this business, starting with recent travel to India 26:05 – Why are they targeting India and Japan 27:24 – How does he think about the risk of investing in foreign markets 29:52 – His thinking on relative vs absolute market share 31:26 – Exploring the SaaS business model 34:35 – The application of moats and pricing power with SaaS businesses34:36 – Pat Dorsey's first appearance on the podcast 40:07 – Other models that Pat explores and how to screen for them 41:37 – How does he parse the difference between attention and demand 43:19 – How would Pat monetize something like HQ - Live Trivia Game Show that has aggregated massive amount of attention 45:19 – How does Pat react to the idea that attention is scarce and human capital is so crucial45:14 – World After Capital 47:04 – How does Pat evaluate human capital in a business 48:09 – Experience in starting an asset management business 50:20 – What are the levers that are biggest value drivers in the asset management business 53:57 – Pat’s view on the strength of the relationship between risk and return       57:06 – The most risk Pat has taken in the face of uncertainty 59:23 – Favorite recent learning resource59:43 – Principles: Life and WorkLearn MoreFor more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclubFollow Patrick on twitter at @patrick_oshag

Long-time listeners will have heard me joke before that this podcast should really be called “this is who are you up against.” I’ve been waiting for the right episode to deploy the joke as a title, and this week we have it. The joke is meant to convey how incredibly impressive these people are who we get to hear from every week. My guest this week is Josh Wolfe, a founding and managing partner at Lux Capital in New York City. Lux is a venture capital firm, but a highly unique one. They’ve spent more time in hard sciences and interesting nooks and crannies of the market than the typical VC firm.Some of investing is zero sum: my outperformance is someone else’s underperformance. Sometimes, though, investing is positive sum. The combination of capital, ideas, people, drive, and raw energy leads to amazing new things. I think the best investing and best investors of the future will be more collaborative than competitive. After finishing with Josh, I couldn’t stop thinking “god, do I want to be involved with whatever he’s doing, if only just to learn.” This conversation made me rethink my joke “this is who are you up against.” Now I won’t think of it as a zero-sum joke, but instead as a reminder: this is the kind of person who is out there. You better find your niche, and still be the absolute best you can within that niche.  Please enjoy this killer conversation with Josh Wolfe. We cover just about everything. For more episodes go to InvestorFieldGuide.com/podcast.Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.Follow Patrick on Twitter at @patrick_oshag Links Referenced Investing in Biofuels or Biofools?Ali Hamed podcastAlex Moazed podcastAndy Rachleff podcastPopplet@wolfejosh Books Referenced Modern Monopolies: What It Takes to Dominate the 21st Century Economy World After Capital Show Notes2:35 – (First Question) – Lux Capital and the kind of investments they have made over the years 5:42 – The formation of the investment philosophy for Lux 9:52 – Investment philosophy 100-0-100 (ambition, arrogance, intellectual humility) 10:40 – How Josh manages his time and attention12:53 – Investing in Biofuels or Biofools? 13:29 – Obsession with nuclear 18:28 – Focus on autonomous vehicles 21:02 – How all of these gambles are viewed by Josh’s investors 22:56 – Tattoo technology24:20 – Ali Hamed podcast 24:36 – How Josh evaluates people when considering early stage investments24:45 – Alex Moazed podcast24:49 – Modern Monopolies: What It Takes to Dominate the 21st Century Economy 29:50 – Memorable experience investing in a founder 30:44 – The idea of thesis driven approach to private investment   30:56 – Andy Rachleff podcast  32:38 – Crazy thesis – understanding the emotional needs of our pets 38:03 – Josh’s learning process through these theses38:34 – Popplet45:49 – Investors that Josh has learned the most from47:37 – Josh’s comfort investing outside of his usual asset class49:03 – @wolfejosh50:56 – What is the thinking with the short strategy at Lux52:31 – SpaceX vs Tesla, good business vs bad business53:42 – How Josh approaches the quality of a business54:15 – World After Capital55:16 – How does Josh evaluate competitive advantage56:45 – Where are we in the venture capital landscape1:01:42 – How does his outlook on venture capital affect the way Lux is run1:02:48 – Thoughts on cryptocurrency1:07:22 – What is the most memorable conversation Josh has ever had1:09:34 – What is Josh’s objective function in life1:12:43 – Are there people that Josh disagrees with but deeply respects1:13:32 – Kindest thing anyone has ever done for Josh Learn MoreFor more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclubFollow Patrick on twitter at @patrick_oshag

Harvey Sawikin, co-founder and lead portfolio manager at Firebird Management, shares his 24 years of experience in evaluating emerging market equities. Topics discussed include his success with privatization vouchers in Russia, the challenges and opportunities of investing in emerging markets, the value of travel in the investment process, and common mistakes in emerging markets investing.

My guest this week is Anthony Pompliano. Pomp began his career in the military, and has since been a successful entrepreneur, worked as a head of growth at Facebook, and started Full Tilt Capital, an early stage investing firm in North Carolina. This conversation has three memorable sections. Early on, we discuss the four traits Pomp looks for in founders, which we cover in detail. These double as traits that are important when hiring anyone. Next, we discuss his unique take on cryptocurrencies, where he is excited about the prospects for tokenized securities. Finally, we explore a unique media company, Bar Stool Sports, and what makes it such a powerful brand. Please enjoy our somewhat abbreviated discussion and know we will continue the conversation soon. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Links Referenced Dave Portnoy and Barstool Sports’ Secret Billion Dollar Plan Books Referenced Win Bigly: Persuasion in a World Where Facts Don't Matter   Show Notes 2:06 - (First Question) – Recap of Anthony’s military career 4:07 – Most memorable experience while deployed 5:27 – Transition out of the military and how it shaped his investing philosophy 11:19 – investing philosophy of Full Tilt, starting with deal economics 10:00 – Attributes of an ideal founder 13:50 -  Where you actual learn the attributes that make you a good founder 14:40 – Time that Anthony has taken the biggest risk in life 16:45 – What is the viewpoint that Full Tilt has today that gives it Alpha in the market 18:47 – Why tokenized securities could be advantageous for investors in a company 19:51 – Anthony’s explanation of a tokenized security and what needs to happen for this idea to be fully realized in the market 22:22 – What could be the impact on the markets of making liquidity in venture so readily available 24:39 – What are tokenized securities actually invested in in the real world 27:42 – What does Anthony think about the commodity risk 29:04 – Describing Standard American Mining, a company they incubated 29:58 – Exploring the shift from a CPU world to a GPU world 31:49 – Getting involved in places where we haven’t caught up with the rest of the world 33:05 – Anthony’s interest in Barstool Sports             33:11 – Dave Portnoy and Barstool Sports’ Secret Billion Dollar Plan             37:09 – Win Bigly: Persuasion in a World Where Facts Don't Matter 39:02 – What lessons from Full Tilt world would Anthony share with others in the more traditional business world 40:35 – Kindest thing anyone has done for Anthony Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

My guest this week is Dr. Ben Hunt, the chief investment strategist at Salient and the author of the extremely popular epsilon theory. I’ve always enjoyed Ben’s writing style, particularly his use of farm and animal based analogies to describe market phenomenon. In this conversation, we discuss his recent post the three body problem, why growth has been beating value, and why a strategy that he calls profound agnosticism—a take on risk parity—may be the most appropriate investing strategy in what he views as a very uncertain world. We also discuss some of his favorite lessons from the farm.  Please enjoy our conversation!   For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Links Referenced The Three-Body Problem   Show Notes 1:54 - (First Question) – Applying the three-body problem to investing  7:24 – Fundamental view of investing, Profound Agnosticism  8:24 – Why has value done so poorly relative to growth in this framework  11:01 -  Ben’s thoughts on why value has been underperforming for so long  13:52 – Investors should be able to adapt  17:49 – Thoughts on the risk parity approach  23:23 – Ben’s strategy for working with several teams  26:48 – What’s the best way to gain an edge, top down factors vs company/bond individual analysis  28:29 – How do you measure risk amid the large amount of uncertainty that exists in markets  32:40 – How does Ben personally think about investing  34:41 – Ben’s farm and the investing lessons learned by some of the animals  39:55 – How bees can plan out their entire work structure by the angle of the sun  42:58 – Defining basis risk  44:59 – Personal risk vs portfolio risk  49:30 – The concept of fingernail clean and our perception of what eggs are  53:57 – How ETFs are like mass produced eggs  54:56 – Exploring the idea of quality vs scaling  58:39 – What is the current challenge/puzzle that Ben is focused on right now  1:01:59 – What is Ben looking for when looking into game theory and applying it to the words that are published and spoken about investing  1:03:57 – Most memorable day on Ben’s farm  1:05:04 – Kindest thing anyone has done for Ben   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

My guest this week is Preston Byrne. Preston is vocal critic of crazy prices and projects in the world cryptocurrencies. His background is in the legal world and also as a founder and former COO of Monax, which made the first open-source permissioned blockchain client. As Preston says, he is a “blockchain without bitcoin” guy, who believes that this crypto mania will end in some sort of apocalypse for token holders and ICO issuers . We tackle several issues, from his broad skepticism of crypto assets, to the potential regulatory reaction from major governments, to types of coins like stable coins, which Preston views as analogous to perpetual motion machines.  Please enjoy our conversation and for any crypto investors out there, let me know if this conversation affects your opinion of the investing prospects for cryptocurrencies.  Hash Power is presented by Fidelity Investments   For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Links Referenced Bitcoin white paper The Bear Case for Crypto Hash Power series Zero Hedge Preston tweet on Reverse network effect   Show Notes 2:12 - (First Question) –Ponzi scheme vs pyramid scheme vs Nakimoto scheme  5:29 – Why there are regulatory challenges to cryptocurrency             5:33 – The Bear Case for Crypto  9:59 – Who are the most influential people supporting this and how are they swaying the regulatory minefield on this issue             10:28 – Hash Power series  13:23 – Looking into the idea of a digital asset and the difference between blockchain and the token itself  16:09 – What about the idea that cryptocurrency’s only feature is that it’s censorship resistant  18:39 – Why cryptocurrencies become less usable the more successful they are             18:59 – Zero Hedge  21:04 – Why can’t we rely on offchain solutions to solve the scaling issue  22:29 – The idea of bubbles and what happens next in this one            25:41 – What are the incentives to build technology to support cryptocurrencies  29:23 – Explaining Ripple  31:21 – What would precipitate a massive reversal in the inflated valuations of cryptocurrencies  34:52 – Understanding reverse network effects             34:36 – Preston tweet on Reverse network effect 37:45 – The principles behind Stablecoin 42:20 – What has been the greatest lesson that Preston has learned about blockchain he wish he knew when he first got started 44:05 – How embedded will blockchain be by 2024/2025 45:12 – ICO’s, why Preston is not a fan and if there are any positives to them 50:20 – What are the conditions under which these things will be viewed legally. 54:00 – Preston’s history owning cryptocurrencies 55:35 – What has Preston most excited in the space 59:02 – Utility settlement coin 1:00:36 – Why the fascination with marmots 1:02:10 – What to reference before getting started with cryptocurrencies 1:04:03 – Understanding supply chains in block chain 1:07:14 – Some smart people on block chain to follow 1:08:24 – Kindest thing anyone has done for Preston Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag  

I have a special request this week: share this episode with every curious person in your life.  The conversation, with a 26-year old investor named Ali Hamed, serves as an example of what’s possible when you think creatively.  Ali views the world with a fresh set of eyes, and has already become an expert at identifying new investment opportunities where others have not. As the second prodigy 26 year old in as many weeks on the podcast, these young guns are making me feel like an ancient 32 year old.  We talk a lot about “alpha” in our world, earning returns better than the market. But the key word in that last sentence isn’t alpha, it’s earning. Hopefully you, like me, will use this conversation as a reminder of what it takes to earn differentiated returns. It’s not just the hard work, but also the mindset. We explore many examples of how to create new investment opportunities, from rolling up Instagram accounts, to financing perishable fruit like watermelons, to heavy machinery software.  Please enjoy this special conversation with Ali Hamed. Follow him and his partners. And then go figure out how to earn success yourself in whatever it is you do by helping other people solve problems with empathy.  For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Books Referenced The Big Short: Inside the Doomsday Machine   Links Referenced Sheel Tyle Podcast Seed Investing is a B2C Business, While Growth Stage investing is a B2B Business Ira Judelson podcast Free Content and Digital Media Are Increasing Socio-Economic Disparity    Show Notes 2:24 - (First Question) Ali’s investment philosophy  3:33 – History of Coventure and its unique structure  6:30 – The story of how Coventure was seeded  12:29 – What makes cost of capital such an interesting topic for Ali  14:13 – Exploring fee structures and the expectations for return in the current environment  17:02 – The current state of the VC world  21:42 – Ali’s investment process on the VC side  25:32 – What other requirements are there for Ali to make a VC investment  28:00 – Understanding the difference between judgement and empathy in founders             28:20 – The Big Short: Inside the Doomsday Machine 29:47 – Dealing with LP’s             32:47 – Sheel Tyle Podcast 33:39 – At one point did Ali feel the most personally at risk in his career 37:55 – Why did they get involved in cryptocurrency  43:30 – What excites Ali most about crypto 46:09 – Lending as an alternative way to invest in businesses 48:09 – An overview of their lending business 50:21 – How does deal flow and sourcing work in these arrangements 52:54 – How much encroachment will Ali face from competitors 54:28 – Exploring the idea of valuing and buying digital accounts 59:36 – How Ali thinks about marketing for his own firm and the ones he invests in 1:00:06 – Seed Investing is a B2C Business, While Growth Stage investing is a B2B Business 1:03:59 – Longer term aspirations for Ali and industries that he would avoid             1:04:25 – Ira Judelson podcast 1:08:05 – Ali’s view on the potential negative impact of free content             1:08:19 - Free Content and Digital Media Are Increasing Socio-Economic Disparity 1:12:48 – Kindest thing anyone has done for Ali   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

Sheel Tyle is the sole general partner at Amplo, a venture capital firm focused on mission-driven entrepreneurs. At just 26, he has already made significant waves in venture capital, previously co-heading seed investing at NEA. In this discussion, he shares insights on the potential of African markets, the importance of authentic networking, and innovative technologies like driverless cars. Tyle emphasizes the necessity for founders to engage with their communities and the strategic decisions involved in navigating venture capital funding.