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Today we're joined by Howard Morgan to dive into his illustrious career in venture. He discusses the firms he helped start, Renaissance Technologies, Idealab, First Round Capital, and now at B Capital.
Today we're joined by Howard Morgan to dive into his illustrious career in venture. He discusses the firms he helped start, Renaissance Technologies, Idealab, First Round Capital, and now at B Capital. Morgan also highlights the importance of global investing and the challenges it presents. They also discuss frontier areas including genomics, bioinformatics, longevity, and space technology. Morgan reflects on lessons learned and mistakes made throughout his career and offers advice for emerging managers. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/turpentine
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SPONSOR: NETSUITE
NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/turpentine and download your own customized KPI checklist.
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If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner
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RECOMMENDED PODCAST: Live Players https://link.chtbl.com/liveplayers
Join host Samo Burja and Erik Torenberg as they analyze the mindsets of today’s most intriguing business leaders, investors, and innovators through the lens of their bold actions and contrarian worldviews. Think: Elon, Sam Altman, Peter Thiel, George Soros and more. You’ll come away with a deeper understanding of the development of technology, business, political power, culture and more. LIsten and subscribe everywhere you get your podcasts: https://link.chtbl.com/liveplayers.
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X / TWITTER:
@HLMorgan (Howard)
@BCapitalGroup (B Capital)
@eriktorenberg (Erik)
@TurpentineVC
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TIMESTAMPS:
(00:00) Intro
(00:50) How Howard started his venture capital and investing career
(13:45) On building a global firm
(17:16) Angles of building a venture firm that Howard is excited about
(19:43) Sponsor - Turpentine
(20:46) AI is in everything
(22:57) What Howard would have done differently
(27:02) On not going multistage route
(30:35) Asset class: Is now a good time to invest or not?
(34:05) Venture capital in the next 5-10 years
(37:26) On not going accelerator route
(40:43) Starting small then going multistage
(43:38) Howard's approach if he were to start over an emerging fund - would he go for the same verticals or no?
(45:14) It's really tough to raise money right now
(46:12) Howard's thoughts on accelerators and incubators
(47:32) Trade offs between venture as it relates to the macro
(49:55) What inspires Howard to keep investing and working?
(51:08) Will venture change much in the next 30-40 years?
(52:52) On picking the right partners - what's Howard's superpower there?
(54:10) Wrap
