Lessons from Investing in 483 Companies

This episode is brought to you by:

Paxos. Paxos offers your customers crypto buying, selling, transferring, and more with easy-to-integrate APIs. Whether you’re a small fintech or a large financial institution, Paxos takes care of everything in the backend – from licensing and compliance to custody and exchange. You can start offering crypto to your customers within months. To learn more, visit paxos.com/patrick.

[00:01:25] – (First question) –  Stack ranking the vices of power, money and fame

[00:02:41] – Memorable response to the stack ranking question

[00:03:13] – Best scenario to explore this stack ranking concept

[00:03:55] – Other ways to rank founders

[00:04:44] – Quick look at this career

[00:05:16] – Time at Microsoft

[00:06:03] – Features he looks for in startups

[00:10:55] – Managing the declining curve of productivity

[00:14:55] – Why founders are often unique people

[00:14:57] – Jeff Gramm Podcast Episode

[00:15:04] – Aliens, Jedi & Cults

[00:19:43] – How early entrepreneurs need to make recruitment a serious part of their work

[00:23:06] – How successful founders win the best candidates

[00:25:27] – The East Coast vs. West Coast investment strategies

[00:30:40] – When it’s time to bring in quantitative factors into early stage investing

[00:34:36] – The markers that pop up in companies that hit

[00:37:22] – Boring but successful investments

[00:39:28] – Investor aesthetics

[00:41:29] – Characteristics of investors that he believes are important to success

[00:42:57] – Impacts of Covid and some of the permanent changes that have happened as a result

[00:47:49] – Investing opportunities in the local community

[00:49:13] – His take on cryptocurrencies

[00:53:47] – Most mis valued asset in the world

[00:55:16] – Investing opportunities in Europe

[00:57:34] – Make up of his 483 investments

[00:57:58] – Matt Clifford Podcast Episode

[00:59:17] – Curation as a skill

[01:01:54] – Timing and startup success

[01:05:11] – Kindest thing anyone has done for him