YouSaid · the spoken record

David Hall

lines on the record: 88
first: 2018-12-20
most recent: 2018-12-20
sittings or episodes: 1
sources: podcast

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“I wish I appreciated more how much this was an apprenticeship business, right? How much you've got to learn from people and you've got to sit there and sort of really, it's hard to do this unless you've been an entrepreneur and have lots of domain expertise. But by going through the typical channels, you've got to learn from somebody else. You can't read books about this. You can't watch Shark Tank and come away as a VC. You've got to learn from other people. And then by asking questions, so was that a good or a bad company? And having those questions asked to you and develop that gut and that insight and intuition around what makes a good founder and what's a right business opportunity.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Go get a regular job then. But you have so few opportunities to start a business and live off of ramen noodles for a year with your three best mates in a tiny either co-living facility or small cheap apartment starting a business. All you need is good Wi-Fi. Like you said, good Wi-Fi and Amazon Web Services account, you've got a business going. You're ready to go. I think that they should start businesses. That's the best way to learn this job is by being an entrepreneur.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Become an entrepreneur. I don't think that this was given much to my generation of college graduates. And I think, again, as we talked about, the cost of starting a business are nothing and the opportunity cost of doing it when you're 22.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, yeah, Tennyson is the main thing. I've got two young kids, and I try to spend as much time with those folks. And they're young boys, and all they love to do is run around. And so I get a good workout with those folks. But it's harder these days to find that time to get sharp. And I really struggle with it. It's one of the things that I really work on, but I'm recognizing more and more now that I've got to take the hour or two hours for myself and either go play tennis or go ride on the peloton or whatever and try to sweat it out a little bit.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So I was a banker, and there's no limit to the failure stories there. But one particular moment where I consistently said, yeah, I understood what I was doing and had no idea what I was doing. And I got it wrong. The end result of the analysis was completely wrong. And for that, for me was a hard failure to take because I never wanted to be the guy that got it completely wrong. But what it led me to understand and recognize is that I'm not going to walk away if I don't understand what's going on. Don't assume the dumb questions in a world like banking, you get caught up in the jargon and folks were dropping all sorts of terms I had no idea what they meant. And instead of asking, I just tried to figure it out. And two o'clock became four o'clock, became six o'clock in the morning, and I'm still looking at the blank screen. And it was an embarrassing.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Used to be where you'd get, you know, you could go and browse and look at something that's seasonally appropriate, but also have a bite to eat at the lunch counter and have a broader array of things to buy. And so these guys are curating lots of digitally native brands that are looking for retail points of presence because it's become obvious with businesses like Warby Parker, like having stores actually matters because people want to touch and feel and experience your product. But then there are other larger and more mainstream brands that are looking for new ways to activate and show off their products to their existing consumers as well as new consumers. And then you see lots of makers, local folks, local craftsmen that have cool products that they want to share. They don't have a big showcase arena to do that. And then obviously wrap that all around with food and community music art. And it's a really cool installation.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“My teaspooned a little bit earlier, but I'm really excited about thinking about the future of retail. E commerce is eating the world, yet 85% of the things that we buy are still things that you buy sort of in person. And we're investors in, I mentioned this company Foxtrot, which is redoing the convenience store. We're also investors in a company called Neighborhood Goods. It's a Dallas-based company that's looking to sort of reinvigorate the department store model. You walk into a department store today, you see more employees than you do customers walking around. And that's because it's become so transactional. You want a white shirt, you go to the department store, you buy a white shirt. But if you wanted to go and see what's there, you don't naturally think to go walk through a department store and sort of browse and have an experience. And what neighborhood goods is looking to do is sort of bring back some of that experience. It's almost really a throwback to the way that the department's”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“DNA now. And I'm just very proud of that. I'm very proud that we look at a broader, we have a broader aperture for who is an entrepreneur and what types of investments we're willing to make.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“There are parts of the Amazon app. I don't know exactly how it's been filtered into the Amazon application or Amazon. But that basic concept algorithm. But yeah, that basic concept is part of that Amazon.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“But I'm very proud that we've got quite a few entrepreneurs of color, women entrepreneurs in our portfolio, and they've performed thus far really well. One of our exits was by an African-American female entrepreneur who had this business part pick that was sold to Amazon. It's like Shazam for visual search. So take a picture of something and it'll run its algorithm and say, this is most likely a screw. And you can, you know, and Amazon acquired the business a couple years ago. And so when I...”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I'd say the biggest thing has just been the influx of data into the industry. It's funny, we require and suggest and advise our companies to leverage data in your decision making. And I think for the first time now, we've got huge sets of big data that help us understand and rank and target entrepreneurs. And so it's important for us to leverage this data because it helps us make better decisions and helps us be more algorithmic about our decision making, but it also really helps us recognize that we can bring in more entrepreneurs of color and women entrepreneurs into the fold because we're not necessarily relying on just network pattern matching from guys who went to Harvard or guys who went to Stanford who all look alike. And so I'm happy that that's the case because it's making the table bigger and allowing us to add more seats to the table of entrepreneurs.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Just get the ball across the net, the place that you want it to go. If you can hit the ball where you want it to go, you will nine times out of ten win the point. And if you can focus on just that, hitting the ball where you want it to go.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“To relax on the court and not focus on the mechanics of getting in the right position, but just play and breathe and then control the things that you can't control, right? So you can control how many times you bounce the ball. And it really teaches you to focus on the things that you can control because there's so much that you can't control. So in that moment, focus on breathing and focus on where you want to hit the ball as opposed to the exact mechanics of how you're going to stand and how you're going to position your racket and your feet to hit the ball. It's a great read. The book was published in the 70s and has been used. I mean, like folks like Billie Jean King, Swear by it. And the author's now written several other books about the inner game of golf and the inner game of business and things like that. But for me, the application as somebody who loves tennis and loves playing tennis into business, into my personal life has been a really helpful guide.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“My results not necessarily withstanding, but to me, yeah, it was absolutely, it's one of my passions. I try to get out as frequently as I can. I just registered for a new Flex League, so I'm excited to get out on the court and work out some of the cobwebs. But yeah, the ability to”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“What he calls the abandoned, which are the folks that just have really been left behind and are the folks that we hear about and read about frequently in the news. And it's just understanding that Black America is really sub-segmented into these different groups that have obvious similarities, but some pretty stark differences was a really fascinating reading.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm going to buy this kind of product. But in reality, Robinson points out that there are four different types of real subgroups, the elite, so the Obamas and the Opras of the world, the middle class, which is the broad sort of group of us that are African American college educated and who are working in living parts of the American dream. But then the two that are really interesting to me were the emergent class. So this is the group of folks that are biracial or biracial with African American being part of that composition, but also the African diaspora and immigrants who are first, second, third generation immigrants who have a totally different view of themselves because some of them aren't necessarily African Americans. They might be Nigerian Americans, but the notion that they see the world and they act and interact with the world differently. And then the final group was the...”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I just finished reading recently a book called Disintegration by Eugene Robinson, who's at the Washington Post. It's a fascinating take for me on the sub-segmentation of Black America. Basically, African Americans for so long have been considered by politicians, by marketers to be relatively monolithic.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, the book that I really like and have gone back to, it's a little tiny, thin book, but it's called The Inner Game of Tennis. And it's by a guy by the name of Timothy Galway. And it basically talks about how do you maintain high levels of performance while still being relaxed and sort of allow your inner game, the game that you, not the game that you necessarily practice for, but what happens when you're on the court playing? How do you perfect that game as opposed to the very mechanical of throw the ball up, hit the serve, and make sure the ball goes in to like, you're playing against an opponent? How do you make thatself to relax and practice that? And it's so the implications of the book well beyond the tennis court have been huge for me from a business perspective on how do you maintain intensity while still being relaxed and thoughtful about how you”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“For a very long time, but the essence of that philosophy is kind of invest in what you know. And don't try to force fit an idea or a company in a certain milieu where it's going to go where the company needs to go. And I really appreciate, particularly the notion that if you don't understand it. Can't invest in it. And so you've got to be smart about figuring out what makes sense. How do you follow the money from the customer's wallet to the cash register? And if it takes too many hops and starts to get a little blurry, then it's hard for me to want to back that type of company.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, this is going to sound a little contrarian, but again, having worked at the Washington Post Company under Don Graham and the Graham family who were heavily influenced by Buffett, who was a...”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“24 7 opportunity thinking about the practice and the building and the employees that you've got working for you, but also seeing the benefits that come from working really hard. And so he working and work was always important and stressed in our home and being thoughtful and being really good to the people that work for you was also a really important character building that I saw through my dad every day. My uncle Eugene Flood is working on Wall Street, kind of opened my eyes. I worked for several years after college at Morgan Stanley. Huge mentor to bring me, take a little southern boy from Louisiana and expose him to sort of the machinations of Wall Street was really a big eye-opener and career changer for me.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So the first, obviously, and I'm sure this is something you hear a lot was my dad. I mean, he's a dentist, a just retired dentist, but an entrepreneur, a small business owner, and my first job was working in this office and seeing how it's a daily”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Recreationally, and take the kids out. But for me, it was such an important thing because, number one, it's the perfect. Both individual and team sport. And so you really teaches you how to be a member of the team, but also how to really focus. And then the second thing for me that it really taught was how to, it showed the direct link between preparation and execution. You go to practice, you work hard in practice, your times get lower, you win. And the side benefit was it also taught me to deal a little bit with defeat and losing because it just, it's important for six and seven and 12 year olds to learn that, also important for 40 somethings to learn that.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I did a lot of medley in sprint freestyle because I just, obviously I'm not going to do distance. I definitely don't have a body for distance.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So that's a pretty easy one for me. And it always surprises me. I want to see the look on your face. I'm sorry you guys can't see who are listening, but I am a former competitive swimmer.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, like I said, we've been to 38 cities. You can do the math and know that there are lots of cities that we haven't been to. We are in the process of thinking through and plotting out our next tour, but I'll leave as a nugget and we'll make sure that Barry, you're on the list of people that we tell when we decide where we're headed the bus to next. But we look to find cities where there's been some entrepreneurial, some startup activity, where there have been a few successes. And there are companies to point to where there's a willingness by all of the stakeholders from the local university to the politicians who are leaning in on saying, yeah, we support startups. We want that type of ecosystem to be in our town. And we want to try to have those cities flare up on our map and get in front of us. And we've perfected the way of getting it done now and we'll let you be among the”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“But there are lots of really good, really small, really great small businesses where the proprietors are going to be millionaires, but those aren't necessarily always great venture-backable businesses. Sure.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Of financing is revenue, right? Revenue doesn't take any of your company. You don't have to pay any of it back. And if you can scale your company through revenue, that's best. But a lot of folks have really good businesses that just aren't necessarily businesses because they're either not growing at a scale or have a broad enough, large enough market opportunity. I mean, typically venture capitalists are looking for billion dollar businesses. And we have a specific model to help define what that means. And you look at companies like Uber. It's totally reimagining the taxi dispatch industry, period. That's a billion. It's easy to see that that's a multi-billion dollar.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Do a lot of work. I mean, it's not just come in for a pitch and come out 30 minutes later with the check, right? The closest we get to that are in our pitch competitions, but for our normal investments, we're doing due diligence and we're asking big questions about the market opportunity and about the founder's domain expertise and about all sorts of ebbs and flows of the real market opportunity in the business model. I think from the capital receiving perspective, I think the biggest misconception is that a lot of entrepreneurs have great companies, but they're not necessarily venture backable. And I think that there's this misconception that venture is the financing source of kings. And I always tell whenever I start having conversations and talk to particularly large audiences of entrepreneurs, I say the first best source”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So I think from the capital deployment side, the biggest misconception is that it's easy. You sit around listening to a couple of pictures, and whenever something rings, you write a check. And I mean, we apply science. We apply data to our decision making. And we...”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm focused on deploying the $150 million that our limited partners have invested in us in this fund and hope to really make a difference. And obviously create a lot of value in the fund that we're in, who knows what the future is going to hold, but we're super excited about the limited partners trusting us and the capital that we're deploying into what I think are a fantastic array of companies that showcase the best of what's going on in at least 47 of the 50 states, although we do have investments in California and in New York, but not necessarily in Silicon Valley or New York City.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think we'll do about 100, 150 investments out of this fund over the next couple of years, but we don't have a specific target. Again, are being super opportunistic about finding great companies in these regions?”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I see them more as collaborators in competition. We need people. We're not going to write a full investment round if a company's doing a $5 million series seed round. We're not going to do that entire round. So if we do some of it, we're going to need other people to help participate. And it's always helpful to have local eyes and ears on the ground who know the company or know the founder or know have domain expertise in the business. And so being able to bring all of those folks into the round is one of the reasons why we're doing this. We're able to be massive connectors of, you know, you might be a healthcare expert fund based in Nashville. And if we find a healthcare deal in St. Louis, we'd love to bring you guys into that deal because it just only helps make that deal, helps de-risk the deal to our limited partners and our fund, but also helps potentially expand the access for that company.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think have taken a more data-driven approach to looking at lots of different companies across the country because it's the only way that we're going to be able to do it with a relatively small team at scale. And we also rely heavily on our network partners. So when we go to these cities, we meet the local VCs and the regional VCs and we ask them, hey, what are the two or three companies that you guys are most excited about in Raleigh Durham? And they're happy to tell us the two or three companies that they're most excited. And you do that to two or three local funds and you've got a dozen companies at the end of the day that are ones that tend to bubble above some of the rest. But it's also a temporal thing, right? You come back six months later and it's a new batch of companies. We love to maintain these really authentic relationships with the partners and investors in the community. And then that helps introduce us to the entrepreneurs that are really making a difference.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“When we go to a city and we announce that we're going to come to the city, we get Scores of applications to participate even in our pitch competition. We're able to put those companies in our database and start to track them. We really have”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“But also be your corner store that you walk past and get a bagel and a coffee on your way to work in the morning is actually pretty cool.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“We're really excited. One of my portfolio companies that we invested in earlier this year is a Chicago based company called Foxtrot that's on a trend that I love on the future of retail. Foxtrot is reimagining the convenience store. We all know lots of convenience stores and obviously we're sitting in New York City where the corner bodega is people love their corner bodegas. But in a lot of America there isn't that sort of deep passion around your convenience store. Foxtrot does half of its business through mobile app orders that get delivered to your door in less than an hour. And it's a great business perfect for launching in a city like Chicago and we're really excited about that opportunity because we think that there hasn't been a lot of disruption in the convenience store market in over a generation and being able to have really cool products ordered at the tap of a phone.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Network density, which means you create this tight network of people of entrepreneurs, of fans, of entrepreneurship, bring them together and have your little city play a lot bigger, or at least have the startup part of your little city play a lot bigger. And what they've been able to do, and by bringing funds and startup accelerators in the Chattanooga area together, they've created this strong network where everybody knows each other and all the entrepreneurs are talking about best practice sharing and recruiting new people when new people come in, they meet a handful of the executives at other companies that say, you know, come move from Chicago to Chattanooga. We'll show you around. We'll take you out on the boat and really whine and dine you as a community to say that you're joining our community, not necessarily just joining this company.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm trying to come up with a really good example for you. I'll go back to Chattanooga. I was really surprised. I mean, they're a handful of just really great companies. There's a company we're not investors in, but it's a logistics and a moving company called Bellhops based in Chattanooga that's a really strong company. And seeing how that's not the largest city by any stretch of the word has really focused on building this really dense community. We have this phrase that we use a lot called network density, which, you know.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And who would have thought, right? And it was so sort of great ecosystem that Salesforce, after their acquisition of this company exact target, moved its HQ2 to Indianapolis and now has one of the largest buildings in the city of Indianapolis, is owned and operated by Salesforce and has a couple thousand employees in Indianapolis. And so it's amazing to see how that city...”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so I'd say one of the big surprises to me was Indianapolis. Indianapolis is obviously a great city, a storied American city. And one of the things and one of the big highlights is there was a business there called Exact Target that sold to Salesforce for multiple billions of dollars. The founders of Exact Target, after they sort of spun out of the Salesforce world double down, triple down in Indianapolis and created an ecosystem they are focused on B2B, business to business, software as a services companies. And so they've really like anchored themselves around this notion of B2B SaaS is going to be what Indianapolis is known for, at least from a technology startup perspective. And it's become a hub. They've got the founders there created a company called the High Alpha Studio. They've got a fund there. They invest in handfuls of companies that are coming out of Indianapolis.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Freight waves. Yeah. And what that company is doing is building the technology platform to help shippers properly assess and book freight. So it's a data platform that helps them determine the freight cost because of all sorts of things like fuel and temperature and load that's being transported between any two endpoints. Hard industry that was basically done analog. Up until these guys have come along and help them digitize this and create a fulsome platform for the transmission of freight.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Couple airlines But then you go up to Chattanooga and it's close to lots of that transportation tech hub, but also a lot of freight travels through Chattanooga. And even the winner of our Rise of the Rest tour in Chattanooga this year was a company called Freight Waves that is.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And you'd be surprised to find out that Chattanooga has such a strong logistics tech industry. Really? Why is that? Well, I think the proximity of Chattanooga to both, obviously Atlanta, which is a huge”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, you know, we went to Dallas, Chattanooga, Birmingham, Memphis, and Louisville, Kentucky on our last tour. That's a great cross-section of the types of cities that we go to. Some big major cities that everybody has heard of, others, all these cities people have heard of, but others less well known for being tech hubs.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so we've been, you've named a few of the cities, but cities from as small as a couple hundred thousand people to as large as three or four million people. Our most recent Seventh Rise of the Rest tour.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Very similar. The entrepreneur rents desk space, and so that becomes the revenue model, the business model for the co-working space, and helps to feed the incubator or accelerator. But we've seen dozens of models of how this can work. And I think a lot of them are specific for the company, specific for the city of geography. But the goal is unlocking entrepreneurship. It's taking the man or woman who's working for one of the big companies in the city saying, you know what, I've been working at Procter& Gamble forever in Cincinnati, and I love what I do, but boy, I have a great e-commerce opportunity that I'd love to go and start. And now there's a vehicle for them to extract themselves from that big corporation and like go start a startup somewhere.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, simply. All the above. You find it takes different types of organizations to help support the ecosystems, right? I mean, there are quite a few, and the majority overwhelming majority, I'd say, are private enterprises that people are running and hopefully running for profit. Some include co-working so that there's a real business model there. Others are... When you say...”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“He's one of the most accomplished futurists I know about thinking about where the ball's going and trying to sort of marshal the resources to be there. And in revolution is, I think the symphony that he's been able to create by bringing the right people together to help execute on that vision of really thinking about the future and thinking about how entrepreneurs can drive and be change agents in the future, again, some of the bigger problems that we're going to be facing.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And understand how they are supporting and having to do it differently and often very grassroots in a lot of these communities where it isn't sort of the thing that you do and having that drive to keep going and saying, you know what, we're going to bring our, we had eight companies in our last accelerator class. We're going to expand it to 10 companies in this next cycle. That's really interesting. And so what we were doing and what Steve led, and Steve's, I've come to respect him more and more the longer I've worked with him. I've been working with him for over a decade now. And there are a lot of people of Steve's caliber that spend their time doing lots of other things. Steve invests in entrepreneurs. That's his passion, and that's what he does. And it's been great to learn from him on having that be part of not only his legacy, but his passion to invest in entrepreneurs and traffic in these great ideas and great fears.”
2018-12-20 · Masters in Business · David Hall Discusses the State of Venture Capital (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source