Company Stats:

• Fund Size: $10 million
• Founded: 2019
• Limited Partners (LPs): 150 seasoned operators and angel investors

Episode Highlights:

• ✅ Marty Ringlein transitions from successful entrepreneur to venture capitalist, managing a $10 million fund investing in disruptors like SpaceX and Stripe.
• ✅ Emphasizes community within the fund, boasting 150 LPs who are experienced operators from companies like LinkedIn and Shopify.
• ✅ Shares insights on venture investing, focusing on finding startups that offer unique pitches and can disrupt their sectors.

Episode Summary:

Marty Ringlein, a general partner at the Adventure Fund, details his journey from being a designer to becoming a venture capitalist with significant exits, including a sale to Twitter and an acquisition by Eventbrite. The Adventure Fund, established in 2019, aims to invest in early-stage founders and late-stage disruptors across various industries. Marty highlights the importance of community within the fund, involving 150 seasoned operators and angel investors as LPs. The episode delves into Marty's investment philosophy, emphasizing the search for startups that present unique and creative ideas. With a keen eye on the future of technology and business, Marty discusses the challenges and excitement of identifying and supporting the next wave of disruptive innovations.

Notable Questions We Asked:

Q: What motivated you to transition from entrepreneurship to venture investing?

A: After experiencing successful exits and gaining a track record, Marty was drawn to the excitement of Silicon Valley and the potential to support groundbreaking startups.

Q: How does the Adventure Fund select startups for investment?

A: The fund looks for unique pitches and startups that think differently, prioritizing creativity and a clear path to achieving significant growth milestones.

Q: What's your approach to handling the high failure rate among startups?

A: Embracing the power law, the fund acknowledges that a significant portion of investments may fail, but focuses on finding the few that will provide outsized returns.

Q: Can you share insights from your experiences with notable exits, like the sale to Twitter and Eventbrite?

A: Marty emphasizes the importance of being at the right place at the right time and the value of building something truly impactful and innovative.

Q: What advice would you give to startups aiming to stand out to investors like the Adventure Fund?

A: Startups should focus on presenting unique and creative ideas that have not been pitched before, demonstrating a clear understanding of the path to growth and scalability.

Chapters:

00:00 Intro

00:14 Company Stats

00:55 Venture Investing

01:47 The Twitter Acquisition

02:34 Working with Apple

06:29 The Eventbrite Acquisition

09:56 Startups Investment Philosophy

13:57 How to Connect with Marty

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Venture Capital, Startup Investing, Entrepreneurship, Tech Disruptors, Adventure Fund, Innovation, Silicon Valley, Angel Investing, Tech Startups, Investment Strategy, Early-Stage Founders, Late-Stage Disruptors, SpaceX, Chime, Plaid, Coinbase, Roblox, Beehive, Uber, Liveblocks, Deal, Stripe, Investment Philosophy, Startup Growth, Venture Funding, Technology Investments