Invest Like The Best
Episode 338 Venture Investing Frameworks
Invest Like The Best

Episode 338: Venture Investing Frameworks

Invest Like The Best

Episode 338

Venture Investing Frameworks

Chris Paik is a General Partner at Pace Capital. We cover his frameworks for investing in technological change, the state of consumer investing and social content platforms today, and how to think about value creation and capture in businesses.

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(00:03:00) - (First question) - The history of humanity as a data storage and transfer problem and how that relates to new kinds of computer interfaces

(00:14:47) - Investing strategies; knowing when to invest in new technology

(00:16:39) - Assessing the gray areas of a potential investment

(00:22:13) - CodeMiko and VTubing

(00:32:51) - An explanation of atomic value swap

(00:39:55) - The 7 deadly sins and the degrees to which each sin is monetizable 

(00:45:05) - Evaluating the people behind new technologies

(00:50:03) - The Reddit Revolt - the current changes happening at Reddit  

(00:53:09) - Business model alignment; the steps to take when determining a business’ value capture mechanism 

(01:03:52) - The investment decision that Chris is most proud of 

(01:08:14) - The consumer investing landscape today

(01:11:19) - Chris’ methods for finding new content, technology and potential investments on the internet

(01:14:06) - The fundamentals of value creation  

(01:15:06) - The dark side of tech, how can it be more than just friction reduction

(01:17:22) - Chris’ opinion on why so many innovations come from the US

(01:20:37) - Defining market places and how to start and grow a successful one

(01:23:23) - Chris’ thoughts on opportunities with bad business models

(01:26:19) - A breakdown of Chris’ analogy “Sculptors versus painters”

(01:29:34) - The kindest thing that anyone has ever done for Chris

Venture Investing Frameworks

Introduction

Patrick
My guest today is Chris Paik, who is a general partner at early-stage venture firm, Pace Capital. Before Pace, Chris actually spent eight years building and investing alongside last week's guest, Josh Kushner at his firm, Thrive Capital.

During that time, he sat on the Board of Twitch. Our conversation explores Chris' frameworks for investing, from atomic value swaps and the role of The Seven Deadly Sins. We also discussed different consumer trends like the rise of virtual YouTubers, Apple's Vision Pro and why everyone graduates off of YouTube. Please enjoy my conversation with Chris Paik.

Humanity
A Data Storage and Transfer Problem

Patrick
So Chris, I think an interesting place to start because it's something you said at lunch that I don't think I've seen you right about elsewhere, is the history of humanity as a data storage and transfer problem. And how that relates to new kinds of computer interfaces? We're lucky that we've now gotten to see the latest Apple Vision Pro, which probably figures into this discussion somewhere. What is this big idea of yours? And why is it interesting for those interested in technology?

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