Episode
#206 with Brianne Kimmel - How Venture Capitalists Make Money
1:03:50
Published: Wed Aug 04 2021
Description
In this episode Sam (@theSamParr) and Shaan (@ShaanVP) are joined by solo capitalist Brianne Kimmel (@briannekimmel). They talk about how Bri got started in investing, the pros and cons of her busy schedule, and discuss some of the unicorns she's invested in. They also discuss a cool use of deepfakes, how VCs make money, and whether or not college is worth the price of admission. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (1:00) Intro * (2:25) The Shake Up - a new podcast on the HubSpot Podcast Network * (6:52) GPT-3 and Anthony Bourdain * (11:40) A cool use of deepfakes * (13:31) Meet Brianne Kimmel * (16:14) Bri's crazy schedule * (21:39) How VCs make money * (37:33) Hot spaces Bri sees * (40:54) Is higher education worth it? * (50:31) Winners Bri sees in her portfolio
Chapters
The speaker invested in Hoppin Webflow and talks about their interest in companies related to future workspace.
00:00 - 02:12 (02:12)
Summary
The speaker invested in Hoppin Webflow and talks about their interest in companies related to future workspace. They discuss tools for work automation, contact management, and data sharing for better team collaboration and customer service.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The host discusses using humor as a tool to build rapport during interviews, sharing specific examples of how he uses it with his guests.
02:12 - 06:57 (04:45)
Summary
The host discusses using humor as a tool to build rapport during interviews, sharing specific examples of how he uses it with his guests.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The concept of creating AI versions of loved ones has been seen in TV shows like Black Mirror and in real life with the case of a man who used GPT-3 to make a virtual girlfriend after his significant other passed away.
06:57 - 09:49 (02:52)
Summary
The concept of creating AI versions of loved ones has been seen in TV shows like Black Mirror and in real life with the case of a man who used GPT-3 to make a virtual girlfriend after his significant other passed away.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The creator of a fake online persona using previous conversations may be prolonging staying in the past instead of seeking therapy, however, there are now automated gifting services that can be both accurate and humorous.
09:49 - 13:34 (03:44)
Summary
The creator of a fake online persona using previous conversations may be prolonging staying in the past instead of seeking therapy, however, there are now automated gifting services that can be both accurate and humorous.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The path to success in Silicon Valley may be unconventional, but for many it starts with investing time in relationships and building connections with other entrepreneurs in the industry.
13:34 - 16:36 (03:02)
Summary
The path to success in Silicon Valley may be unconventional, but for many it starts with investing time in relationships and building connections with other entrepreneurs in the industry. Proximity plays a big role in meeting people, and the right connections can lead to major opportunities for investing in early stage startups.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The host shares how he schedules his day to fit in all his work, exercise and personal errands.
16:36 - 19:19 (02:42)
Summary
The host shares how he schedules his day to fit in all his work, exercise and personal errands. He also discusses the importance of small productivity hacks in optimizing one's daily routine.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The size of the fund influences the amount of ownership the VC has in a company and the probability of achieving successful returns.
19:19 - 27:13 (07:54)
Summary
The size of the fund influences the amount of ownership the VC has in a company and the probability of achieving successful returns. Smaller funds are more likely to use solo capitalists, whereas larger funds use traditional venture capital structures with a team of investors.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
Many startups alumni have created their syndicates, which makes it easy to co-invest alongside them.
27:13 - 35:24 (08:11)
Summary
Many startups alumni have created their syndicates, which makes it easy to co-invest alongside them. These syndicates are accessible through platforms, which connect investors and make it easy to manage your back office.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The core fund is the first step to start building a track record, while people also make a lot of money through SPVs and buying secondary stocks.
35:24 - 42:34 (07:09)
Summary
The core fund is the first step to start building a track record, while people also make a lot of money through SPVs and buying secondary stocks. Many individuals leave high paying jobs with equity to work on things like climate change, while illiquidity can discourage people from starting their own startups.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The speaker discusses how new platforms and styles of learning are popping up, where students learn based on their interests and build their own network of like-minded classmates, creating a more engaging and caring educational experience.
42:34 - 46:44 (04:09)
Summary
The speaker discusses how new platforms and styles of learning are popping up, where students learn based on their interests and build their own network of like-minded classmates, creating a more engaging and caring educational experience.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
In this conversation, the speakers talk about how they sometimes fail to socialize with people who could have become good friends or valuable connections in their network.
46:44 - 50:04 (03:19)
Summary
In this conversation, the speakers talk about how they sometimes fail to socialize with people who could have become good friends or valuable connections in their network.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The traditional approach to education may be fundamentally broken and in need of rethinking, rather than just needing a better teaching method or improved course material.
50:04 - 54:09 (04:05)
Summary
The traditional approach to education may be fundamentally broken and in need of rethinking, rather than just needing a better teaching method or improved course material. It may be a stroke of genius to disrupt the traditional education model.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
This interview discusses the potential reasons behind inflated startup valuations and how investors are dealing with them, including the use of resources like Pipe for raising money.
54:09 - 1:00:53 (06:44)
Summary
This interview discusses the potential reasons behind inflated startup valuations and how investors are dealing with them, including the use of resources like Pipe for raising money.
Episode#206 with Brianne Kimmel - How Venture Capitalists Make Money
PodcastMy First Million
The speaker advises the audience not to overextend themselves while raising a $100 million fund and reminds them that it is more important to return it quickly, irrespective of the fund's size.
1:00:55 - 1:02:35 (01:39)
Summary
The speaker advises the audience not to overextend themselves while raising a $100 million fund and reminds them that it is more important to return it quickly, irrespective of the fund's size.