20VC: Turning Peter Thiel's $100K into $10M Angel Portfolio | The One Man Accelerator at The Four Seasons | Why VCs Can Be Sharks and What Founders Need to Know | Why Stocks and Cash are BS and You Should Invest in Land with Josh Browder

Josh Browder is my favourite emerging manager. As the Founder of Browder Capital he has been the first check into unicorns like Micro1, Owner.com and Yuzu Health to name a few. He turned his Thiel Fellowship Grant of $100K into a whopping $10M angel portfolio. All new investments move into Josh's Four Seasons Residence where he then trains them on company building. They are only allowed to leave when they raise their seed round. In addition to this, Josh is the Founder & CEO @ DoNotPay, the now profitable company that has raised $22M from Marc Andreessen and others.

AGENDA:

00:00 Why I believe young founders make the best founders

02:10 What do I look for in founders I'm investing in?

10:00 How I test for founder commitment pre-investment

11:00 What do I want to see in the childhoods of the entrepreneurs that I back?

12:05 Why I make founders live with me in my Four Seasons residence after investing

14:00 There are three reasons why pre-seed companies fail and how I solve for them

15:45 What do I look for in a team to assure me they will last?

16:50 Is $5 million post still attainable in this world?

17:15 Should we be worried about the increasing levels of fraud at the early stages?

18:10 Which Silicon Valley investor was the most impressive?

20:00 Do VCs really add value?

20:50 Does university carry less value than ever and should founders drop out if they have a dream and an idea?

24:00 The advice of one lawyer changed the entire trajectory of this multi-million dollar company

28:10 I would never invest in someone that I met over Zoom

29:20 Are all the best founders you invest in delusional?

31:10 What is the biggest benefit of being a Thiel Fellow?

36:20 The problem of accelerators and why artificial constraints can enforce quality

38:20 How we used Mark Zuckerberg's house as a viewing instrument tool to get users

41:20 My pre-seed cheque in Micro One is now worth hundreds of millions and my lessons

43:20 The biggest mistake VCs are making in assessing founders

44:10 Why I will never tell the entrepreneur what to build and why I place little value on ideas

47:00 Why kingmaking is real and why you should accept half the price from a tier one firm

49:00 My biggest lessons on reserve investing

53:00 Why price rounds are bullshit and we should do more SAFEs

54:20 What all founders need to know about signing with a VC

55:10 Single biggest advice to founders on how to get the best price

57:30 What role does not exist today that will be massive in five years' time?

59:10 Stocks are bullshit. Cash is bullshit. I put my money in land. My personal investing strategy

1:01:00 Why the Trump administration is unwaveringly good for US business

1:03:20 Why competitive markets are the best investments

1:05:40 The serendipity of San Francisco is unmatched

1:08:10 What things does no one know about Marc Andreessen that everyone should know?