Invest Like The Best
Episode 219 Dawn of the 21st Century
Invest Like The Best

Episode 219: Dawn of the 21st Century

Invest Like The Best

Episode 219

Dawn of the 21st Century

Kanyi Maqubela is the co-founder of seed-stage VC firm Kindred Ventures. We cover the parallels between today and the roaring ’20s, Kanyi's method for evaluating founders and businesses at an early stage, and the lessons we can take from the Design Your Life class at Stanford.

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[00:04:11] - [First question] - Understanding the roaring 20s and their potential resurgence

[00:06:14] - Seed-stage investing today compared to a few years ago

[00:09:02] - Lessons learned from studying the 1920s 

[00:11:52] - Supply chain infrastructure in the 21st century

[00:14:49] - His investment philosophy and what influenced it

[00:17:47] - Defining the risk curve and early-stage divergence

[00:21:31] - Assessing risk in seed-stage investing

[00:23:32] - Other moments that influenced Kanyi’s investment philosophy

[00:26:50] - Assisting early-stage companies as a VC 

[00:29:31] - How he approaches VC differently than traditional US VCs

[00:31:55] - Non-consensus ways to evaluate founders

[00:35:19] - Domain insight and its importance

[00:36:53] - What he looks for in a company when considering investing in them

[00:38:17] - Assessing whether or not a team has characteristics of longevity

[00:40:59] - Questions he most enjoys asking founders

[00:42:24] - What makes for a good problem space

[00:44:49] - What investing in crypto was like when it wasn't popular

[00:47:27] - How the crypto space and NFTs will change and influence other sectors

[00:50:37] - Emerging trends that are catching his attention

[00:54:20] - The potential for upward mobility in the coming decade

[00:56:30] - Teaching the 'Design your Life' course

[01:01:21] - Advice for modern investor-operators

[01:03:26] - If he could change one major thing in the industry

[01:06:57] - The biggest lesson learned from Obama’s campaign

[01:07:44] - The kindest thing anyone has ever done for him

Dawn of the 21st Century

Introduction

Patrick
My guest today is Kanyi Maqubela, Co-Founder of Seed-Stage VC from Kindred Ventures, which he started with his partner, Steve Jang in 2019. Before founding Kindred Ventures, Kanyi was a general partner at Collaborative Fund. In our conversation, we discussed the parallels between today and the Roaring Twenties of the last century, the misunderstood risk curve of seed investing, and a deep dive into how Kanyi evaluates founders and businesses at the earliest stage of company formation. We also discussed Kanyi's experience teaching the Design Your Life Class at Stanford, and how some of those principles convinced him to take the leap to start his own fund. I hope you enjoy my conversation with Kanyi Maqubela.

Today's Parallels with the Roaring Twenties

Patrick
So Kanyi, we started doing a preamble, which I usually do in these recordings, and what you started to say sounded interesting. So I'm just going to hit record. You mentioned some of your trying to figure out is this concept of the Roaring Twenties. Can you mention what you mean there and what's going on?

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