Invest Like The Best
Episode 119 Early Stage Investing
Invest Like The Best

Episode 119: Early Stage Investing

Invest Like The Best

Episode 119

Early Stage Investing

Alex Mittal is the co-founder of Funders Club. We cover why the best companies come from ideas that seem like bad ideas but are actually good, how Founders Club uses data to help evaluate early-stage startups and founders, and the traits that he looks for in founders.

[00:01:30] – (First Question) – Inception of the Founder’s Club

[00:03:59] – How the process of their platform works

[00:05:40] – Role of the network in Founders Club setup and success

[00:08:26] – What he has learned from all of the data he has access to

[00:16:00] – Early-stage investing and finding the sweet spot

[00:22:17] – What makes a really intriguing bad idea

[00:25:23] – Why he remains so excited about Ethereum

[00:31:18] – More bad ideas

[00:37:15] – Thoughts on retail and logistics and how they fit his Venn diagram of boring and crazy

[00:43:13] – Chip and electronic design

[00:45:47] – Companies that are not just increasing efficiencies but actually making foundational changes

[00:52:34] – What does he look for in founders

[00:57:05] – Kindest thing anyone has done for Alex

Early Stage Investing

Introduction

Patrick
My guest this week is Alex Mittal, co-founder of the FundersClub. Following past guest, Jeremiah Lowin, Alex is my second elementary school friend to appear on the podcast, a trend I hope continues. FundersClub is a unique venture firm because it builds around a network of investors and entrepreneurs who submit deals for consideration and invest together. But as you'll hear, Alex and his co-founder, Boris, aren't just building an open platform for early-stage investing. They also then take a very traditional venture approach making investment decisions themselves when it comes to building a centralized portfolio. Our conversation is about what Alex has learned investing in almost 300 early-stage companies over the past 7 years. Please enjoy.

Patrick
So Alex, you're the second, and we could call this a sub-series of the podcast, which is my childhood friends that get to appear on the podcast after Jeremiah.

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