From Getting Venmo Off The Ground to Co-Founding Long Journey Ventures w/ Lee Jacobs
In this episode, Shamus Madan converses with Lee Jacobs about his early investment journey, the influence of sociology on business, and his experiences with AngelList. They discuss venture capital competition, Jacobs' unique investment strategies, and provide advice for founders in crowded markets. They analyze an investment in Notion and forecast economic trends for 2022 and 2023.
Key Points
- Lee Jacobs emphasizes the importance of genuine passion and belief in a startup's mission as critical to convincing investors and standing out in a crowded market.
- In challenging economic times, entrepreneurs are encouraged to persevere and innovate, as these periods can offer unique opportunities with potentially less competition.
- Lee Jacobs and his team at Long Journey VC are interested in businesses focusing on American dynamism, including those that aim to restore US manufacturing or create an Alibaba-like platform for the Americas.
Today, we have a very special guest Lee Jacobs the Founder and General Partner of Long Journey VC. Lee has been an investor for over a decade, investing in notable companies in the world like Loom, Wonderschool, and Pipefy, along with Cyan Banister and the team with experience in investing in SpaceX, Uber, Thumbtack, Notion, Affirm, and many more.
On the show, we will discuss how he worked to help get Venmo funded off the campus of UPenn, where he studied sociology, his journey into venture investing in the first Angel List syndicate with Naval, and little-known areas the firm is taking a look at what may be the next big thing.
Twitter of Host (Shamus Madan): @mbitpodcast
Twitter of Guest (Lee Jacobs): @LeeJacobs
Chapters
| 0:00 | |
| 2:04 | |
| 3:38 | |
| 8:38 | |
| 12:31 | |
| 15:16 | |
| 18:05 | |
| 20:24 | |
| 21:09 | |
| 23:14 |
Transcript
Loading transcript...