Invest Like The Best
Episode 154 Investing Pre Company
Invest Like The Best

Episode 154: Investing Pre Company

Invest Like The Best

Episode 154

Investing Pre Company

Matt Clifford is the co-founder of Entrepreneur First, the world’s leading talent investor. We cover why technology entrepreneurship is the next step in the history of ambition, how management companies can create value for entrepreneurs, and why talent is the scarcest resource.

[00:01:20] – (First Question) – An overview on talent investing

[00:04:37] – The history of ambition

[00:10:08] – How do they search for ambitious people

[00:12:21] – What happens early on for these formed teams

[00:17:43] – Assigning an idea to a talented team

[00:20:52] – Opportunities in deep technology

[00:27:16] – Closer look at the hardware and machinery of the deep technology changes

[00:30:54] – The geographical focus of venture capital investments

[00:37:16] – Problems with the way early-stage investment world works

[00:41:22] – People who are creating value in a management company and how they manage their investments

[00:55:12] – Advice to people creating investment companies and pricing power

[01:00:31] – The power of cities

[01:02:46] – Topics they cover in their newsletter; technological sovereignty as one example

[01:04:11] – Experience and thoughts on China

[01:06:51] – A.I. Nationalism

[01:12:03] – Kindest thing anyone has done for Matt

Investing Pre Company

Introduction

Patrick
My guest today is Matt Clifford. He's the cofounder of Entrepreneur First, the world's leading talent investor. Entrepreneur First invests pre-company by helping the best people in cities around the world find a cofounder, develop an idea, and start a company. So far, they've helped 1,000 people start 200 companies worth a combined $1.5 billion. This conversation covers their entire ecosystem and holds lessons for anyone building a business. I especially loved Matt's ideas on the history of ambition. Please enjoy our conversation.

Entrepreneur First

Patrick
Matt, this is going to be really fun, a completely unique conversation relative to a lot of the ones that I've had. Since you're doing something so unusual, maybe you could just start by explaining what it is that you do and then we've got seven or eight topic areas to cover.

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