A Master Class In Venture Capital with Drive Capital's Chris Olsen
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- Опубликовано: 28 май 2024
- We were recently approached by the non-profit YEP KC to create a "master class in venture capital". We were humbled by the request, and it was a true privilege to share and engage with the students in the YEP KC program!
We are sharing the class publicly because we believe there are more young people who can benefit from all we've learned in our years investing in technology startups around the world.
Contents:
Disclaimer: 0:00
Thank you YEP KC: 0:26
What is VC: 0:50
How VCs raise money: 5:02
VC math: 7:13
Why we invest in tech: 11:38
What we look for: 16:22
How we source: 21:33
How to close deals: 28:40
How to build billion dollar companies: 32:09
Where you can be a VC: 41:06
How investing in tech changes the world: 44:26
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Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.
As you plan your retirement, be sure to
talk with a financial advisor who can help you make the most of your retirement investing scheme.
@@DavidAntony-gq7id Very true, If you're looking for help
building a retirement nest egg, you most likely want a certified financial planner with expertise in retirement planning. With the aid of a coach, I grew my reserve from $160k to almost $600k during this Red season.
@@MarcusFred-wn3iv How can one find a verifiable financial Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
@@DavidAntony-gq7id KRISTIN GAIL CUNNINGHAM. On the internet, that’s the financial advisor I use. She’s verified; you could also read more about her and then communicate with her. it’s always good to do your research before putting your money into any investment.
@@MarcusFred-wn3iv Thank you so much! Found her webpage and left a message. Hopefully, she responds.
This is probably the best video on venture on the web (and I've seen a lot of videos). Chris has this wonderful talent to drive the major points in a simple to understand way. Awesome job and thank you for sharing your insights.
Do you recommend some other videos about VC?
The formatting of the presentation was absolutely phenomenal! Really gets straight to the point and is easy to understand!
I’m high school drop out , I have never seen such simple breakdown to my level . I feel so happy I could get and understand this . Thank you so much . I’m learning .
Greetings from South Africa 🇿🇦
Wow this guy can present. Probably the sharpest presentation I have ever seen
The clearest explanation of VC I've ever heard. Great insights!
This is a great insight into the world of VC. Easy to follow and very informative!
Thank you, Chris. I am very interested in getting myself into the crazy world of VC and appreciate this resource to guide me on my journey.
Hey David, how's it going? Were you able to do it? (I'm on the same path)
Honestly the best video on VC that I've watched and I've watched a lot! So clear, so humble, and clearly just very experienced! Thank you, Chris! I hope you continue to create content like this (I'd pay for a substack-esque subscription too!)
This is fantastic Chris! I appreciate that you took the time to explain how a VC thinks and acts and what kind of companies are investable. I liked how you connected the dots between multiple eras of going from computing to semiconductors to internet. Thank you
I am building a system that I believe will disrupt the global commercial computing market (and the os market, container market). I am new to the business side of things so I'm doing alot of it myself. This video re-inspired me when I was having doubts about whether I could get it off the ground. Thanks for this.
Any updates on your work? Curious to hear
@@thomasmnewman96 Not yet. I'm still building the prototype. It's been very difficult to find people with the technical skills to be able to help, so, I'm doing it on my own until someone is both interested and capable at the same time.
Would love to see more videos like this!
Easy-to-get distinctions. Will definitely have Drive Capital in my roladex going forward. So grateful for this video.
This is a constructive and educative lecture. Chris, thanks for lifting us to another level. God bless you.
Best video on vc
I'm astonished by the amount of value delivered in this video Chris. Resourceful and still with a lot of candor!! Cheers from Brazil!
Clear, logical and constructive explanation
This is a great video! Very explanatory.
Thank you Chris, sometimes you just need to hear these things from the horse's mouth to truly embibe the value. I appreciate the clarity of your thought and the value add from your rollercoaster of an experience.
Awesome insight, thanks for sharing!
Excellent video Mr. Olsen.
Thank you for sharing this great video.
Thank you so much! Great video & highly informative about VC
Props to you, Chris - this video is great because it looks at VC from an external perspective.
So many VC videos seem to be talking to insiders.
Fantastic. Thank you!
This is mind blowing information broken down so nicely! Well done and thank you so very much.
Absolutely educative and insightful video. Thank you Chris
Best VC video i've ever witnessed.
Excellent excellent video!! Thanks a lot.
Really good master class Chris.....congratulations
Very transparent and in-depth presentation of Venture Capital, thank you!
Thank you sir for teaching. Hope you have a blessed day!
lovely and very insightful. thanks chris
This is most resourceful content about VCs. Thanks
Thanks for the video Chris and D.C. Really broke it down to basics. All the best from 🇬🇧
This was incredible!!! Thank you so much!!
Definitely second this being the best video on RUclips for VC and startup approach
Thank you Chris, this video is extremely clear and explanatory of the concept. Quite inspiring.
YOU LET ME UNDERSTAND EVERYTHING. THE BEST EXPLANATION. :)
Very well explained! Thank you for the video
Thank you very much. Everything you said was music to my ears.
Amazing insights! Thank you for taking the time and efforts to share this!
Thank you for sharing. Great information.
Great article. TY for sharing your experience.
What a fabulous video, wow. Thank you.
Thank you!
This video is GREAT! You've really broken it down for me
Excellent, thanks for sharing your knowledge Chris, and well explained.
This was an amazing session. Very informative, very helpful. Enjoyed every single second of it.
Thanks.
this is awesome!! Thank you so much!!!
Thank you for this explanation video, you articulate things so well
Chris thank you for sharing valuable insight on the steps to becoming a venture capitalist
amazing thanks Chris!
Wow! Excellent explanation.
thank you so much Chris! bravo for you and the team for making this video. it made my day!
This was a great video. Could you make another one regarding the important terms for a VC.
This was such an amazing video!!! Thank you for all the insight!! As a founder, I’m going to use what you said to me to help me scale my company!
Great Video 👍thanks for the valuable information
Wow, a Master Class indeed!
This is so well informative
Thank you for putting this together!
🎉
From Tanzania 🇹🇿,Arusha
Incredibly insightful! I just pivoted from a career in consulting to VC...looking for more resources and would love recommendations!
thats quite an amazing video Chris!
Great video, very informative, and the Chris Pratt pic that popped up was hilarious.
Thankyou so much Chris for this video. It was so insightful! Lot's of value in such a short period of time.
Wow thanks this was the best info and so well explained I'm sure you have special relationships with all your clients I can see you are a special v c I can hear your passion wow I'm in South Africa wish we had this passion here
Nice video Chris :)
Wow. Great information.
Great Info, thanks.
Thank you for this great content.
I have pivoted my career from being an architect to accelerator manager. Lots to learn but it’s an exciting field and it’s great to meet energetic entrepreneurs !
How did you do it? I work in policy / world bank and i need to get tf out of here
How did you do it?
@@martaa.2922 hone a specific skill and really put your time in strengthening knowledge in a specific tech.
I have design background so I applied those skills to marketing. I also love gaming so Web3 & blockchain is something I spend time learning.
A small detail but I appreciate the she/ her pronouns when referring to entrepreneurs. Acknowledging that not only men work and own business. Thanks for the upload!
Thank you so much! I'm looking for a good source of information on start-up feasibility evaluation from the financial perspective! If someone has suggestions on literature, course, book please share! All the best, Davyd!
This is an amazing Video
Great video!
Good overview but is there some video i can go to to learn the nitty gritty? Like how exactly venture firms do the valuations, the legal paperwork all that.
This was a very constructive class. Thank you for highlighting the differest steps deeply and in a simplified way.
Question:
When you raise a fund and LPs put in their money, does the payout come only once-at the end of the cycle e.g. 10 years; or does it come in stages e.g. once you exit different startups in the portfolio managed by the fund then the LPs receive their profits per exit? I'm asking this on the premise that one fund will invest in a portfolio of several startups.
From my understanding, it's usually when there's an IPO or exit or liquidation event, which can pressure companies to grow quickly so that they can generate a return for the firm. I think 7 years is typically the liquidation goal.
great video 💌
Great video! Super informative. Side note, you kind of sound like Sal from Kahn Academy LOL!
Thank you for simple yet informative video on venture capital.
Chris , This was an amazing Master Class . So appreciative. How do connect with you and your firm for more training ?
Thank you for this insightful masterclass! I found your idea of "first selecting the macro-trend to bet on" is intriguing and feels like a consulting approach. How has Drive Capital built systems for acknowledging these important trends? Is it purely based on experiences and expertise?
Once again thanks, great video
Your lecture is so insightful and precious. Would you prefer make it an online course (in Udemy, for example)? Appreciate your content a lot!
So do I get an interview after watching this video? I feel prepared to work at Drive Capital. I am a jack of all trades.
I am learning
What do you think is more important for a VC: Analytical rigor or creativity or both? Also please elaborate a bit the why. :)
Awesome
minor: Sangahi.. instead of Shanghai.. hhihi... but very very very good knowledge from you about VC, thanks!
how do you get 300M->1.5B after 10 years? at 8% compounded that would only be 647M...you would need more like a 17.5% per annum return which is not possible in the public markets over that time period
very good
I love the way VCs justify their fees. The team is really expensive (mostly me and a few analysts and secretaries). Let me take $60 million off the table for that team. Harvard Business Review (as opposed to VC backed or reliant publications) states "We found that the overall performance of the industry is poor... The average fund... breaks even or loses money." The biggest problem is that you find out 10 years later whether your investment in a VC fund was a good one. VC returns are going to be wrecked as interest rates increase.
I died when he said “a mere mortal” 😂
Hi Chris, what is your background?
Good video, however in order to turn 300.000.000 into 1.500.000.000 within 10 years you would need about 17% compound interest p.a.
Based on historical returns of the stock market / sp500 this is far from realistic
excellent
Thank you for the info, how I can contact you?
Excellent video! Very valuable! I am preparing for an interview with a VC firm next week. The company invests in biotech and pharma and my background is in life sciences. I will have two hours to prepare a case for the partners. I would like someone point me to some resources (a video or an article) on valuation of pharma and biotech startups. It is still very shady for me. Thanks in advance
9:38 Generating 1.2B from 0.3B would need ~18% net IRR. Pretty aggressive benchmark he is using. It would need a 24% gross IRR from the VC fund with a common 2/20 fee structure.
09:36 That’s roughly 17.5% APR. Seems a bit hard to justify among secondary markets.
Lean Investment 101
Great share story. Would u like be share more Master Class ?
Great video! Just curious, how does a U$300 million go to U$1.5 Billion in just 10 years?
16% return compounded for 10 yrs roughly