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Ignite VC: Adeo Ressi on The Future of Startups, Funding, and the Power of AI in VC | #143

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Manage episode 470840127 series 3515266
Content provided by Brian Bell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brian Bell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of the Ignite Podcast, host Brian Bell sits down with serial entrepreneur and investor Adeo Ressi, co-founder of VC Lab and Decile Group. Adeo shares his journey from launching billion-dollar startups in his early career to reshaping the venture capital industry. He recounts his experience with Elon Musk during their formative years, including their pivotal conversation about space exploration that led to the founding of SpaceX. Adeo also discusses his involvement with the XPRIZE Foundation and the broader challenges of venture capital, highlighting the industry's historical inefficiencies and its impact on entrepreneurship.

Adeo details his mission to reform venture capital by introducing ethical standards and transparency through VC Lab, which has helped launch over 600 firms globally. He reflects on past VC abuses, such as excessive liquidation preferences and unethical investor behavior, and explains how the Macarius Oath—a code of ethics for venture capitalists—seeks to uphold fairness and integrity. He also describes how The Funded, a platform he created to allow founders to rate investors, played a critical role in pushing VCs toward better practices.

Looking ahead, Adeo emphasizes the urgent need for venture capital to drive technological solutions to global crises, including climate change and sustainable development. He envisions a future where entrepreneurs no longer chase investors; instead, investors proactively seek out promising startups. He also teases the upcoming release of the ACE, a new financing vehicle designed to replace the SAFE and further streamline startup funding. Adeo closes by sharing his excitement for AI's role in venture capital and his belief that technology-driven solutions will be the key to solving humanity’s biggest challenges.

Chapters:

Welcome & Guest Introduction (00:01 – 00:59)

Adeo Ressi’s Career Journey & Early Entrepreneurship (01:00 – 03:53)

Building Billion-Dollar Companies & Early Exit Stories (03:54 – 05:48)

The XPRIZE, Elon Musk, and SpaceX’s Early Conversations (05:49 – 08:24)

Venture Capital’s Broken Model & Early Fixes (08:25 – 11:29)

Predatory VC Practices & The Funded’s Impact (11:30 – 15:18)

Reshaping Venture: The Mensarius Oath & Ethical Investing (15:19 – 17:39)

The Founder Institute & Global Startup Ecosystems (17:40 – 19:41)

Launching VC Lab & Decile Group to Fix VC (19:42 – 22:26)

The Scale of VC Lab: Over 600 Venture Firms (22:27 – 25:31)

Challenges in Raising & Managing Venture Capital (25:32 – 28:42)

Investor Misconduct & Bad Practices in Late-Stage VC (28:43 – 31:54)

Exits, Waterfalls, & How VCs Control Founder Payouts (31:55 – 35:22)

The SAFE Note Revolution & The Future ACE Model (35:23 – 39:07)

How Venture Capital Needs to Evolve for the Future (39:08 – 42:45)

The Role of AI in Venture & Startup Disruption (42:46 – 45:58)

The Future of Fundraising: Investors Seeking Founders (45:59 – 48:38)

Going Public: Decile Group’s Next Big Step (48:39 – 51:20)

Building High-Performance Teams & Hiring the Best (51:21 – 55:42)

Why Every Founder & Investor Needs to Embrace AI (55:43 – 58:26)

Rapid Fire: Exciting Startups, VC Firms & Books (58:27 – 01:04:02)

Closing Thoughts & The Future of Venture Capital (01:04:03 – 01:07:36)

Thanks to ⁠⁠Byldd ⁠⁠for sponsoring this episode! Byldd helps startups rapidly build and launch revenue-generating SaaS and marketplace businesses with cost-effective, scalable solutions - ⁠⁠Get Started Here⁠⁠.

  continue reading

157 episodes

Artwork
iconShare
 
Manage episode 470840127 series 3515266
Content provided by Brian Bell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brian Bell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of the Ignite Podcast, host Brian Bell sits down with serial entrepreneur and investor Adeo Ressi, co-founder of VC Lab and Decile Group. Adeo shares his journey from launching billion-dollar startups in his early career to reshaping the venture capital industry. He recounts his experience with Elon Musk during their formative years, including their pivotal conversation about space exploration that led to the founding of SpaceX. Adeo also discusses his involvement with the XPRIZE Foundation and the broader challenges of venture capital, highlighting the industry's historical inefficiencies and its impact on entrepreneurship.

Adeo details his mission to reform venture capital by introducing ethical standards and transparency through VC Lab, which has helped launch over 600 firms globally. He reflects on past VC abuses, such as excessive liquidation preferences and unethical investor behavior, and explains how the Macarius Oath—a code of ethics for venture capitalists—seeks to uphold fairness and integrity. He also describes how The Funded, a platform he created to allow founders to rate investors, played a critical role in pushing VCs toward better practices.

Looking ahead, Adeo emphasizes the urgent need for venture capital to drive technological solutions to global crises, including climate change and sustainable development. He envisions a future where entrepreneurs no longer chase investors; instead, investors proactively seek out promising startups. He also teases the upcoming release of the ACE, a new financing vehicle designed to replace the SAFE and further streamline startup funding. Adeo closes by sharing his excitement for AI's role in venture capital and his belief that technology-driven solutions will be the key to solving humanity’s biggest challenges.

Chapters:

Welcome & Guest Introduction (00:01 – 00:59)

Adeo Ressi’s Career Journey & Early Entrepreneurship (01:00 – 03:53)

Building Billion-Dollar Companies & Early Exit Stories (03:54 – 05:48)

The XPRIZE, Elon Musk, and SpaceX’s Early Conversations (05:49 – 08:24)

Venture Capital’s Broken Model & Early Fixes (08:25 – 11:29)

Predatory VC Practices & The Funded’s Impact (11:30 – 15:18)

Reshaping Venture: The Mensarius Oath & Ethical Investing (15:19 – 17:39)

The Founder Institute & Global Startup Ecosystems (17:40 – 19:41)

Launching VC Lab & Decile Group to Fix VC (19:42 – 22:26)

The Scale of VC Lab: Over 600 Venture Firms (22:27 – 25:31)

Challenges in Raising & Managing Venture Capital (25:32 – 28:42)

Investor Misconduct & Bad Practices in Late-Stage VC (28:43 – 31:54)

Exits, Waterfalls, & How VCs Control Founder Payouts (31:55 – 35:22)

The SAFE Note Revolution & The Future ACE Model (35:23 – 39:07)

How Venture Capital Needs to Evolve for the Future (39:08 – 42:45)

The Role of AI in Venture & Startup Disruption (42:46 – 45:58)

The Future of Fundraising: Investors Seeking Founders (45:59 – 48:38)

Going Public: Decile Group’s Next Big Step (48:39 – 51:20)

Building High-Performance Teams & Hiring the Best (51:21 – 55:42)

Why Every Founder & Investor Needs to Embrace AI (55:43 – 58:26)

Rapid Fire: Exciting Startups, VC Firms & Books (58:27 – 01:04:02)

Closing Thoughts & The Future of Venture Capital (01:04:03 – 01:07:36)

Thanks to ⁠⁠Byldd ⁠⁠for sponsoring this episode! Byldd helps startups rapidly build and launch revenue-generating SaaS and marketplace businesses with cost-effective, scalable solutions - ⁠⁠Get Started Here⁠⁠.

  continue reading

157 episodes

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