#19 Rennick Palley: The Founder of Stratos Technologies on Investing Across the Capital Structure
Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors
English - February 18, 2021 09:00 - 50 minutesEntrepreneurship Business Education Self-Improvement Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
“I think every stock that has future growth can be value, and every stock that is value can also be growth. They go together.” – Rennick Palley
Rennick Palley is the Founder and Chief Investment Officer of Stratos Technologies. Prior to founding Stratos, Rennick worked as a Research Associate at Sanders Capital — which manages over $40 billion in global equities. To date, Stratos Technologies has made 16 investments with an aggregate transaction value of over $250 million into companies like Rezi, Tala, Dave, Compound Finance, and Clearbanc.
In Part 1 of this two-part interview, Rennick and I discuss the war of growth vs. value investing, the concept of reflexivity, and Stratos' approach to investing across the capital structure in early-stage technology companies. In Part 2, which will be released next week, we zoom way out to get Rennick's thoughts on everything from the recent boom in SPACs to his interest in DeFi movement and investing in the crypto space.
Chapters in this interview:
00:00:16 – Rennick’s background and how he got started in investing
00:05:43 – Learnings from Rennick’s work at Sanders Capital
00:19:23 – Intro to Stratos Technologies
00:25:26 – Reflexivity in investing
00:30:02 – Capital structure, and how venture-backed tech is underlevered
Sign up here for Outliers Weekly, our Sunday newsletter that highlights the latest episode, expands on important business and investing concepts, and contains the best of what we read each week.
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If you loved this episode, please share a quick review on Apple Podcasts.
“I think every stock that has future growth can be value, and every stock that is value can also be growth. They go together.” – Rennick Palley
Rennick Palley is the Founder and Chief Investment Officer of Stratos Technologies. Prior to founding Stratos, Rennick worked as a Research Associate at Sanders Capital — which manages over $40 billion in global equities. To date, Stratos Technologies has made 16 investments with an aggregate transaction value of over $250 million into companies like Rezi, Tala, Dave, Compound Finance, and Clearbanc.
In Part 1 of this two-part interview, Rennick and I discuss the war of growth vs. value investing, the concept of reflexivity, and Stratos' approach to investing across the capital structure in early-stage technology companies. In Part 2, which will be released next week, we zoom way out to get Rennick's thoughts on everything from the recent boom in SPACs to his interest in DeFi movement and investing in the crypto space.
Chapters in this interview:
00:00:16 – Rennick’s background and how he got started in investing
00:05:43 – Learnings from Rennick’s work at Sanders Capital
00:19:23 – Intro to Stratos Technologies
00:25:26 – Reflexivity in investing
00:30:02 – Capital structure, and how venture-backed tech is underlevered
Sign up here for Outliers Weekly, our Sunday newsletter that highlights the latest episode, expands on important business and investing concepts, and contains the best of what we read each week.
Follow Outliers on Twitter: https://twitter.com/Outliers
If you loved this episode, please share a quick review on Apple Podcasts.