Precursor's Charles Hudson on pre-seed risk/reward, deals without data, SV diversity | Angel S3 E2
SIGN UP FOR TWIST EPISODES MAILING LIST: http://bit.ly/twistemail
Charles Hudson, Managing Partner of Precursor Ventures, shares strategies on the great rewards & risks of pre-seed, betting on founders with unique insight, analyzing market structure vs. size, importance of mobilization to increase SV diversity, & the art of making early deals without data
Twitter: http://twitter.com/twistartups
Jason's Twitter: http://twitter.com/jason
LAUNCH Twitter: http://twitter.com/launch
Instagram: http://instagram.com/twistartups
Jason's Instagram: http://instagram.com/jason
LAUNCH Instagram: http://instagram.com/launch
Connect with Jason on LinkedIn: https://linkedin.com/in/jasoncalacanis/
Show notes:
0:38 - Jason introduces season 3 of ANGEL and Charles Hudson from Precursor Ventures.
3:18 - Charles talks about how he got into VC investing, In-Q-Tel’s thesis, and Precursor’s history.
11:37 - Jason thanks sponsor LinkedIn. Go to linkedin.com/angel and get a $50 credit toward your first job post.
13:09 - Precursor Venture’s investment strategies, why they invested in Superhuman, and the importance of market structure and market size.
26:40 - Jason thanks sponsor Embroker. For guaranteed 10% off on premiums (& up to 20% depending on quote) go to embroker.com/angel.
28:39 - Making the decision to either give or not to give the bridge, and on following on with companies.
40:39 - Thoughts on Silicon Valley’s poor reputation and its impact on democracy and the world at large, and diversity in the tech industry with regards to race and gender.
1:05:43 - Jason and Charles talk about accessing tech today vs. in the 90s and the amount of information that is available.