#205: Rick Smith, Co-Founder & Managing Director at Crosscut, One of the Top Venture Capital Firms in Los Angeles, on Helping Founders and Becoming the Firm of the Future
Just Go Grind
English - October 16, 2020 13:39 - 45 minutes - 41.5 MB - ★★★★★ - 161 ratingsEntrepreneurship Business Marketing careeradvice smallbusiness business career careerchange careercoach careereducation careers careerswitch careertraining Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Rick Smith is a Co-Founder and Managing Director at Crosscut, one of the top venture capital firms in Los Angeles.
Crosscut is a seed-stage venture capital firm, looking to invest $1-3 million in early-stage companies with hyper-growth potential.
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Listen to our interview with Erik Huberman, Founder and CEO of Hawke Media, in episode 23 of the Just Go Grind Podcast.
Some of the Topics Covered by Rick Smith in this Episode
An overview of Crosscut, including how much they invest and the areas they invest in How the global pandemic has impacted Crosscut How many meetings Rick is having with entrepreneurs before a term sheet now vs. pre-COVID What a first meeting vs. the next few meetings look like for a founder talking with Crosscut in the 2-4 weeks before a term sheet is offered Seeing 4,000 - 5,000 business plans per year, doing 400 - 500 meetings, making 10 investments The process of finding a Chief of Staff for Crosscut and why they decided to pursue including this role at the firm PledgeLA, investing in South LA, and diversity & inclusion initiatives Rick's advice around hiring for startups How Crosscut is investing in becoming the firm of the future Equity splits for founders Deal flow at Crosscut and why they co-invest Investing in first-time founders vs. repeat founders Rick's first exit at Crosscut Rick's advice for others looking to become investors Investing out of Crosscut V
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