Invest Like The Best
Episode 11 Better for You, Better for the World
Invest Like The Best

Episode 11: Better for You, Better for the World

Better for You, Better for the World

Craig Shapiro is the founder and CEO of the New York-based Collaborative Fund. We cover the investment philosophy of "better for you and better for the world", Craig’s biggest miss, and daily routines.

This podcast is sponsored by:

The CFA Institute. The CFA Institute is the global association of investment professionals whose mission is to lead the investment profession by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. CFA Institute serves a global community of investment professionals working to build an investment industry where investors' interests come first, financial markets function at their best, and economies grow. The Chartered Financial Analyst credential is the most respected and recognized investment management designation in the world. The views expressed in this podcast do not necessarily represent the views of the CFA Institute.

[00:02:19] – Start by looking into Craig’s personal roots and how they led him to start the Collaborative Fund

[00:05:03] – Why the Collaborate Fund of better for me, better for the world drives them and is effective

[00:08:26] – Looking into how Craig identifies investment opportunities

[00:14:08] – How do the relationships with their limited partners get cultivated

[00:17:16] – Going back to Craig’s entrepreneurial roots

[00:21:37] – How does Craig evaluate a company/management before making a decision to move forward

[00:27:33] – Is there an example of a company now that is both doing good in the world and is appealing to the masses

[00:33:07] – Are there negative factors that would rule out an investment for Craig

[00:36:15] – What advice does Craig have for entrepreneurs, and specifically for those exploring who are hoping to engage with the venture capital world

[00:39:57] – A look at Craig’s biggest miss

[00:41:16] – Patrick asks Craig to pick one of the categories of investments listed on their site (cities, money, consumer, kids, and health) and describe the importance of that category in their investments

[00:46:15] – Exploring Craig’s daily routines and systems that help him

[00:48:13] – A Look at how Craig got into meditation

[00:49:49] – Most memorable day as a venture capitalist for Craig

[00:51:39] – The kindest thing anyone has ever done for Craig

Better for You, Better for the World

Introduction

Patrick
This week, we dive into the world of venture capital. My guest is Craig Shapiro, founder, and CEO of the New York-based Collaborative Fund, which was an early investor in companies like Lyft, Kickstarter, and Reddit. Craig's mission at the Collaborative Fund is to find and invest in companies that are both better for you and better for the world, a unique combination which leads to very interesting investments. One of the great things about getting older is the ability to judge people's character faster and more accurately. Within five minutes, Craig made a very strong impression on me as a person. You can tell that he is both humble and kind, but also driven and decisive. This is a special person and a special guest on the show. Like the Ted Seides episode on hedge funds, this conversation on venture capital is a great high-level introduction to alternative investing.

Better for You, Better for the World

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