Today we're joined by Howard Morgan to dive into his illustrious career in venture. He discusses the firms he helped start, Renaissance Technologies, Idealab, First Round Capital, and now at B Capital. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/turpentine

In this conversation, Howard Morgan discusses the importance of global investing and the challenges it presents.They also discuss frontier areas including genomics, bioinformatics, longevity, and space technology. Morgan reflects on lessons learned and mistakes made throughout his career and offers advice for emerging managers.
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RELATED SHOWS: @10xcapitalpodcast

If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors. Audio platforms: https://link.chtbl.com/thelimitedpartner

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RECOMMENDED PODCAST: @LivePlayerswithSamoBurja

Join host Samo Burja and Erik Torenberg as they analyze the mindsets of today’s most intriguing business leaders, investors, and innovators through the lens of their bold actions and contrarian worldviews. Think: Elon, Sam Altman, Peter Thiel, George Soros and more. You’ll come away with a deeper understanding of the development of technology, business, political power, culture and more. LIsten and subscribe everywhere you get your podcasts: https://link.chtbl.com/liveplayers.

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X / TWITTER:
@HLMorgan (Howard)
@BCapitalGroup (B Capital)
@eriktorenberg (Erik)
@TurpentineVC
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TIMESTAMPS:
00:00 Intro
00:50 How Howard started his venture capital and investing career
13:45 On building a global firm like B Capital
17:16 Angles of building a venture firm that Howard is excited about
19:43 Sponsor - NetSuite
20:46 AI is in everything
22:57 What Howard would have done differently
27:02 On not going multistage route
30:35 Asset class: Is now a good time to invest or not?
34:05 Venture capital in the next 5-10 years
37:26 On not going accelerator route
40:43 Starting small then going multistage
43:38 Howard's approach if he were to start over an emerging fund - would he go for the same verticals or no?
45:14 It's really tough to raise money right now
46:12 Howard's thoughts on incubators
47:32 Trade offs between venture as it relates to the macro
49:55 What inspires Howard to keep investing and working?
51:08 Will venture change much in the next 30-40 years?
52:52 On picking the right partners - what's Howard's superpower there?

Music license:
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