Investor Stories 341: Key Advice (Jones, Schwerin, Keidan)

Investor Stories 341: Key Advice (Jones, Schwerin, Keidan)


On this special segment of The Full Ratchet, the following Investors are featured:

  • Michael Jones
  • Jules Schwerin
  • Jon Keidan

We asked guests for the most important piece of advice that they’d share with folks early in their venture career.

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and weโ€™ll send a list of potential investors right to your inbox!

Transcribed with AI:

0:18
Welcome back to TFR. On today’s special segment, we asked guests for the most important piece of advice that they share with folks early in their venture career. Here’s the segment called key advice.

0:36
On today’s special segment, we have Mike Jones of science. Mike, if you could share one piece of advice with a young new investor, what would you tell them?

0:44
I mean, you know, if it’s a new investor, I just think you have to embed yourself as deeply into the sectors you’re gonna spend time and I’m not saying go disrupt the CEO and get off on their business like, I’ve done that it’s a terrible thing to do. And the CEOs hate it, like, avoid that at all costs. But like, there’s nothing like learning the details of a sector. And I’ll tell you like, every time I go in, I find I bet 20% of the businesses that we go into are basically byproducts of knowledge of sector intelligence that we gained, right? Where we know so deep or like, oh, wait, this is the big this opportunity we’re pursuing. But there’s five other massive broken things in here that we should be spending time in. And so you know, I love that. And the beauty of being an investor is for most most people answer our calls, right? So like, I can, I want to learn quickly, right? So I look for areas where I can connect with top level experts. I don’t need to go research everything from ground zero, I need to trust the experts around me. And then let that lead me to good strategy and solutions, right. So my advice is just go super deep and whatever sector you work and become an expert at it, right? And then I think you’ll find lots of really, really gem like opportunities that other people aren’t seeing.

2:00
Today’s special guests is Jules Sharon of RTP. Global shows if you could share one piece of advice with a young new investor, what

2:07
would you tell them? Remember, it’s a mentorship game venture is really complicated? And I’d say the answer most often to any question as well, it depends followed by tonnes and tonnes of nuance. So finding someone who’s been doing this for a long time, is going to be your biggest asset.

2:28
On today’s special segment, we have John Keaton, of torch capital, John, if you could share one piece of advice with a young new investor, what would you tell them? This

2:36
is a long game. It’s not about quick hits, it’s not about hype, you really have to be thoughtful, and you have to really be ready to roll up your sleeves. And one of the things we say at torch internally is hits are found, you know, hit companies aren’t found, but built. And what that means is you find the right founder in the right space and all that, like he said, you know, to being a great example, there are so many things, millions of things that have to go right and things that have to be fixed or things that have to be figured out or hurdles that have to be overcome, to have that, quote, overnight success. And you have to be ready for that. And you have to make sure you have people around you that you can bring to bear to help those companies. So the quicker something succeeds, the quicker it can go away. And so it’s a long game, as an investor as building a company and you just got to really be ready to figure out how you can help and and find out what they need. And if you don’t think you can do that, go find people in your network and bring them back to the company and help them we’ve helped many companies in areas we didn’t know anything about. But we went to our networks. We hustle, hustle, hustle, and it’s a long game in hustle and and partnering with your founders and really being there for them and good and bad will make you have a successful career.

3:55
That will conclude this instalment of investor stories. If you’re enjoying the programme and would like to see it continue. Take a moment and leave a five star review in iTunes. Okay, that will wrap things up for today. Until next time, over prepare, choose carefully and invest confidently thanks for joining me