Everything Kathleen Utecht said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Retail investors will lose a ton of money in ICOs
“So they scare me. I think there's going to be some really great ones, but I think people are going to lose a ton of money, like, and just everyday people. Whenever there's so much money going around, and people think they can make a quick buck, and there's a l…”
Generalist VCs assuming fintech startups can break regulatory rules will fail
“I think the good companies, they are having sector-specific funds in, and the ones that are getting funded, like, I think it's because the investors actually just don't understand what They're investing either, and think they'll just be able to break some of t…”
Being a VC is a lifestyle that must be as important as family
“So I think that's why I say it's a lifestyle, and I tell all these young people that are going to try to get into VC, like, to realize that this is their life, and that it's as important as their family, and it should be their top priority.”
Tech instant gratification is putting society on a downgrade
“We've given all these people these games and this instant gratification, and then we ask them to step back and contemplate major decisions. I think that's just a really hard thing to do right now, and I think you're seeing a whole society. As I said, it's on a…”
Fintech cannot be solved by 20-year-olds in a garage
“We always joke that FinTech isn't just a Stanford problem. Very hard to take two, 20 year olds in a garage and try to solve a problem. You really have to understand how the ecosystem works and how you fit into it.”
Unlike ridesharing, the CFPB will shut down non-compliant fintech startups
“And especially in these highly regulated industries like healthcare or financial services, you have to realize it's not the hotel industry. It's not the taxi lobby. Like the CFPB, the Consumer Finance Production Bureau, they'll shut you down.”
Core Innovation Capital portfolio saved 25 million people $6B last year
“Our companies last year had saved twenty-five million people about six billion dollars, and that, that was just in two”
VCs with no failed portfolio companies are not taking enough risk
“We say if it doesn't, we're probably not taking enough risk, and there's some things that we want to invest in that we're, they're clearly binary.”
Good VCs should deliver target introductions for founders within 48 hours
“If your investor is worth anything, it should be able to get you to the right person. And that person should have enough respect for them to either say, yeah, it's a fair or no, it's not. And so you should have that connection within 48 hours.”
Regulatory chaos creates prime growth opportunities for strong startup teams
“So many changes, and they still haven't figured out what's going through it, and I think whenever there's, like, a lot of chaos and confusion, there's, when you have smart people that can build good products, they can really help people understand that market,…”
Core sequences long-horizon investments early in its 10-year fund cycles
“So, so our fund will, It was 10, 10 plus two, and you could see how in some of the things that we're funding that they're going to be take a full 10 years, and so we're very well aware when we're investing to invest in some of those companies in the beginning …”
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