Robust ThemeDec 09, 2019 2020-04-08 7:40
Inside VC: Repeatable Processes with Clint Korver Part 1
Clint Korver is co-founder and managing director of Ulu Ventures, a Silicon Valley seed stage venture firm investing in enterprise IT, FinTech, and startups led by diverse founders. An expert in decision-making under uncertainty, he designed Ulu’s investment process to combine data and intuition to minimize cognitive biases, reduce risk, and produce better, more consistent returns.
3 Valuable Insights
- Venture Capital industry is the poster child for cognitive bias.
- How to use an analytic process to make decisions.
- How to have diversity as an investment theory.
**Click the time stamp to jump directly to that point in the episode.
[2:43] There is a myth in Venture Capital, that to be a good Venture Capitalist you have to have the "magic".
[5:57] 2.5% of Venture deals in the U.S. generate all the profit in the industry.
[10:26] Not only have we built a decision making framework, but we've built a learning framework.
[14:10] If you look at the risk and return of invest, each later stage investment you make has late stage risk return, but if you look at early stage, seed-series A, RRI is around 20%.
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