Clinton Foy, General Partner at Crosscut Ventures, outlines the firm's deal funnel metrics and selectivity.
0:00 / 0:11exact quote · 11.9s
720p mp4 · rendered on demand · StarZero watermark
“We saw over 3000 deals this last year, and of those 3000, we met with 400 of them face to face, brought them into our office, and you know, we only ended up investing in about 10 to 12 of them.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Clinton Foy
PredictionNot checkable as stated
Y Combinator is disrupting venture capital by flipping founder supply and demand
“I think it will. We're starting to see that happen with Y Combinator. There was a great article I just read Profiling Sam Altman in the New Yorker, and I respect what Y Combinator has done, and I'm a big fan of what they've done over the last three to four yea…”
Clinton FoyNov 2, 2016▶ 10:3420VC: Why You Have To Be A Good Long Term Actor To Succeed in VC & How Owning An Esports Team Could Be A $Bn Outcome with Clinton Foy, General Partner @ Crosscut Ventures
PredictionNot checkable as stated
Esports team franchises could reach billion-dollar valuations over time
“I think the prize pool isn't in and of itself a billion dollar outcome, but I think owning and operating and growing an esports team and a franchise and a platform could potentially be a multi-hundred million dollar or even a potential billion dollar outcome o…”
Clinton FoyNov 2, 2016▶ 15:5420VC: Why You Have To Be A Good Long Term Actor To Succeed in VC & How Owning An Esports Team Could Be A $Bn Outcome with Clinton Foy, General Partner @ Crosscut Ventures
PredictionNot checkable as stated
Esports will supplant some traditional sports, though basketball and soccer will survive
“And I think that that demographic is going to supplant some traditional sports. And I think some are going to survive. I think, for instance, basketball and soccer are two very healthy international sports that are going to do very well.”
Clinton FoyNov 2, 2016▶ 19:2520VC: Why You Have To Be A Good Long Term Actor To Succeed in VC & How Owning An Esports Team Could Be A $Bn Outcome with Clinton Foy, General Partner @ Crosscut Ventures
Disclosure
VCs blocked Clinton Foy from investing in Oculus's angel round
“I tried to get in on the angel round of investment in Oculus right after their Kickstarter. I thought, well, I'm the COO of Square Enix, this two billion dollar company. Surely I can get in. And I talked to the lawyers and talked to some of the people doing th…”
Clinton FoyNov 2, 2016▶ 3:5820VC: Why You Have To Be A Good Long Term Actor To Succeed in VC & How Owning An Esports Team Could Be A $Bn Outcome with Clinton Foy, General Partner @ Crosscut Ventures
Insight
Aggressive, short-term VCs eventually get forced out of the ecosystem
“I don't I think it's a market of bullish predators because I think those bullish predators get forced out of the system. I think you can be a short-term predator, but to be a good VC, I think you have to be an excellent long-term actor.”
Clinton FoyNov 2, 2016▶ 7:5220VC: Why You Have To Be A Good Long Term Actor To Succeed in VC & How Owning An Esports Team Could Be A $Bn Outcome with Clinton Foy, General Partner @ Crosscut Ventures
Insight
VC remains inefficient, letting investors win deals on relationships over price
“I see VC as being one of those last industries, one of those last categories that's inefficient still. And what I mean by that is it's not like the public markets where the highest bidder is always going to win. I think VCs through relationships, through vario…”
Clinton FoyNov 2, 2016▶ 9:2620VC: Why You Have To Be A Good Long Term Actor To Succeed in VC & How Owning An Esports Team Could Be A $Bn Outcome with Clinton Foy, General Partner @ Crosscut Ventures
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 1,200 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.