E58: Roger Ehrenberg on Mastering Seed Investing

In this episode of Turpentine VC, we’re releasing one of our most popular interviews with Roger Ehrenberg, owner of IA Capital Partners and the Managing Partner of Eberg Capital.

Roger discusses his contrarian strategy to seed investing that has allowed him to generate 10x fund returns, and emphasizes the importance of focusing on concentrated portfolios to achieve outsized success. They talk about the impact of interest rates, macroeconomic factors, and the potential of sports investments.

—

🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/

—

RECOMMENDED PODCASTS:

🎙️ECON 102 W/ NOAH SMITH

Keeping econ entertaining - Noahpinion author Noah Smith and Erik Torenberg break down business news and politics every week.

Apple Podcasts: https://podcasts.apple.com/podcast/id1696419056

Spotify: https://open.spotify.com/show/6q7Gn5lP8TTtBPuV1NJSGs

—

SPONSORS:

💳 Imagine total control over your company's spending with Rippling Spend, the all-in-one platform for expense reports, corporate cards, and bill pay. Control spend, set custom approval chains, and close your books 3x faster. Visit rippling.com/spend for a free demo and one month free trial.

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.

—

LINKS:

Eberg Capital: https://www.ebergcapital.com/

—

X / TWITTER:

@infoarbitrage (Roger)

@eriktorenberg (Erik)

@TurpentineVC

—

TIMESTAMPS:

(00:00) Intro

(01:17) IA Ventures' firm strategy

(03:25) Roger's thoughts on the rise of seed

(07:12) Would Roger do anything differently if he started IA today?

(10:59 Is the future of venture going to be craftsman or platform?

(15:38) Sponsors: Rippling | Squad

(18:04) What players are going to be favored in today's venture ecosystem?

(21:08) Roger's macro lesson on higher interest rates

(25:58) Prediction on where interest rates will normalize

(27:54) On the future for YC and a16z

(33:07) Lessons from crypto, and why Roger's excited about sports for the future

(38:02) Why more people should look into the sports space

(42:18) Wrap