Welcome to a new episode of Sobremesa Podcast. Today we have Jack Greco, a prolific angel investor and entrepreneur who built a multibillion-dollar company. ACV Auctions is a B2B marketplace and one of the few in this category that had a successful large exit. Today Jack will share the story behind ACV Auctions, its development and why he ultimately decided to leave. We will also get into his hiring process and investments at his new fund, Far Out Ventures.

00:00 Coming Next

00:23 Introducing Jack Greco

01:02 The idea behind ACV Auctions

09:08 One of the few successful exits in B2B marketplaces

14:00 When hiring and culture are not just buzzwords

19:05 When to use human interactions and when to use tech instead?

24:11 What advice do you have for entrepreneurs?

27:19 The importance of doing investor updates right

32:11 When is leaving as a co-founder a red flag?

37:25 Angel investing is the best asset class in the world

41:28 Controversy around accredited investor definition

45:32 Forget Silicon Valley: investing in tier 2 and 3 cities in the US

50:19 VC as an agent of change

52:55 Optimistic closing remarks

Show notes

https://www.acvauctions.com/https://www.farout.vc/https://cardealermagazine.co.uk/publish/bcas-expanded-manchester-remarketing-centre-running/141148

https://www.wbir.com/article/news/local/watercooler/the-nine-archetypes-exploring-the-enneagram-personality-test/51-574457436https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor