Goldman Sachs Investment Banker Turned Investor: Unveiling the Story of Courtney Reum and His $900M+ Investment Firm M13
In this episode, Shamus Madan chats with Courtney Reum, co-founder of M13. They discuss Courtney's journey from Goldman Sachs to entrepreneurship, the role of investment banking in business success, and the unique dynamics of founding a business with a family member. They delve into the concept of 'doing the impossible' in business, the transition to venture capital, and the future of the VC industry. The conversation wraps up with Courtney's advice for budding entrepreneurs and her predictions for Shamus's future.
Key Points
- Courtney Reem emphasizes the importance of leaving the world better than he found it, combining innovation with connecting people, and maintaining an active role as both an investor and an entrepreneur through his firm M13.
- The concept of businesses being like speedboats or sailboats highlights the importance of understanding the pace and nature of one's company, with sailboats representing steady, incremental progress and speedboats symbolizing rapid, capital-intensive growth.
- Courtney Reem advises aspiring entrepreneurs to foster a growth mindset, be curious, and develop grit, as these qualities are crucial for navigating the challenges of building a successful business.
Today we are joined by the one and only Courtney Reum. After helping take Under Armour and VitaminWater public 15+ years ago while working as an investment banker at Goldman Sachs, he and his brother Carter founded their first business, the popular spirits brand VEEV, which grew from zero to one of the best-selling independent liquor brands in the US. After the sale of VEEV in 2016, they founded the early-stage consumer tech investment firm M13 ($900M+ assets under management).
M13 has invested in 130+ companies, including Bird, Daily Harvest, Matterport, Ring, Thrive Market, Tonal, and more. The VC is also known for its high-profile investors, such as Richard Branson, Tony Robbins, and Arianna Huffington.
Twitter of Host (Shamus Madan): @mbitpodcast
Twitter of Guest (Courtney Reum): @Courtney_Reum
Learn more about M13 here.
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Transcript
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