Nnamdi Okike: Founding Partner at 645 Ventures
Next Legacy Perspectives
English - December 08, 2020 09:00 - 54 minutes - 125 MBSports Technology investing startups venturecapital branding celebrityinvesting endorsements entrepreneurship sports sportsmarketing technology Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
One of the traits 645 Ventures looks for most in founders is what they call a "purity of motivation." They seek founders who are intrinsically motivated to solve some problem for reasons that go beyond potential riches or accolades. As early stage investors, 645 Ventures is in the business of investing in companies that can become a huge success before it is obvious that huge success lies in their future. To reduce their errors of omission (saw a great company and chose to pass) and co-mission (invested in a company that failed) Nnamdi and the 645 Ventures team focus their evaluation around what they call "early predictable performance metrics." This week's Next Play Perspectives podcast unpacks and demystifies the process for early stage investing that can sometimes look to outsiders like someone throwing darts at a dart board. Enjoy this thoughtful conversation that really dives into the "how" of venture investing, including the ways in which 645 looks to support their companies after they have invested.
One of the traits 645 Ventures looks for most in founders is what they call a "purity of motivation." They seek founders who are intrinsically motivated to solve some problem for reasons that go beyond potential riches or accolades. As early stage investors, 645 Ventures is in the business of investing in companies that can become a huge success before it is obvious that huge success lies in their future. To reduce their errors of omission (saw a great company and chose to pass) and co-mission (invested in a company that failed) Nnamdi and the 645 Ventures team focus their evaluation around what they call "early predictable performance metrics." This week's Next Play Perspectives podcast unpacks and demystifies the process for early stage investing that can sometimes look to outsiders like someone throwing darts at a dart board. Enjoy this thoughtful conversation that really dives into the "how" of venture investing, including the ways in which 645 looks to support their companies after they have invested.