Sacca: Every VC deal must offer single-handed life-changing financial potential
Chris Sacca · Chris Sacca's True Unfiltered Opinion on Facebook and Softbank | Full Interview · 20VC with Harry Stebbings · Jan 20, 2022 · at 59:36
Chris Sacca, founder of Lowercase Capital and Lowercarbon Capital, shares why small checks in early startup investments yield poor financial returns relative to time spent.
0:00 / 0:30exact quote · 30.3s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I say in every deal, we have to give ourselves a chance in that one deal to get rich. And this is because I've done, I did YC deals back in the day where I'd put 25 grand in and I'd sell the company for, you know, fifteen million dollars. My 25 grand became 75 grand. I made all the founders rich, but in the end, I'm like, by the time I give that, you know, the profits interest of that 75 grand back to my investors, I've made like 15. And so, you know, and I just spent a month of my life trying to sell them to somebody. And I netted 15 grand. Like I need to make sure every deal has the potential to change lives.”
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 Chris Sacca
Chris Sacca claims he watched Mark Zuckerberg lie to the U.S. President
“And I've been in the room with Zuckerberg. I've watched him fucking lie to the president of the United States about what they know internally versus, like, the claims he spouts out loud.”
Sacca says he watched Mark Zuckerberg lie to the U.S. President
“I've been in the room with Zuckerberg. I've watched him fucking lie to the President of the United States about what they know internally versus, like, the claims he spouts out loud.”
Chris Sacca calls Facebook a "cancer" and claims its leadership knows it
“Yeah, I think Facebook is a cancer, and they know it.”
Sacca argues sunlight reflection research is essential to avoid climate catastrophe
“And so the one thing we absolutely have to do is research sunlight reflection. And so we have no way out of this without reflecting sunlight back into the solar system to buy us some time.”
Chris Sacca: Commercial nuclear fusion is imminent, far under 30 years away
“You know, I deeply respect all the work you've done in the space, but you sound like someone who hasn't visited the lab in a while, because that's not where it is, and I can't preempt any announcements coming from any of our companies, but I can assure you it'…”