Podcast Notes Playlist: Startup

20VC: Chris Sacca on Coming Out of Retirement To Unf**k The Planet with Lowercarbon, How Chris Evaluates His Relationship To Money Today, Why We Have Bred a Generation of Ass**** Kids, Do VCs Provide Any Real Value and The True Unfiltered Opinion on Faceb


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Twenty Minute VC


Podcast Notes Key Takeaways
  • “It may be lucky but it’s not an accident” – Chris Sacca
    • Don’t dismiss your success, it will always be an unexpected combo of luck and hard work
  • “Training by way of tragedy. When things are going up you tend to correlate it with talent, when things are going down you tend to correlate it with luck.”– Chris Sacca
    • With more experience, you eventually invert this curve. You learn how to properly self-reflect on your own failures and successes
  • Let the large amount of good in the world outweigh the small amount of bad
    • When investing or decision making in general, don’t let the small potential for bad results overpower your ability to say yes
  • “There’s a surplus of assholes coming down the pipeline”– Chris Sacca
    • Many young adults growing up in computer science have never had a job that required human interaction, shaping their interpersonal capabilities often for the worse
    • The sheer ease of access to information is contributing to this as well as kids are not used to hearing no
  • Chris is leading the climate change firmLowercarbon Capitol where every deal has the potential for more than 1 gigaton of carbon removal
    • Climate change efforts are not just charitable, they are profitable


Read the full notes @ podcastnotes.org



Chris Sacca is the Founder and Chairman @ Lowercase Capital, one of the best performing funds in the history of venture capital with a portfolio including Uber, Stripe, Twitter, Instagram, Twilio, Docker and many more. Despite this incredible success, in 2017, Chris and his wife, Crystal announced they would be stepping back from day to day investing to focus on ongoing efforts to rescue our democracy, heal the planet, promote diversity within venture capital. Earlier this year, they announced Lowercarbon Capital, with $800M AUM, with the mission to back companies that make real money slashing CO2 emissions, and buying us time to unf**k the planet. Fun fact: As a result of his incredible investing success Chris has also been a Shark on Shark Tank and even starred in an episode of Billions.

In Today’s Episode with Chris Sacca You Will Learn:

1.) How Chris made his way into the world of investing having started life as a lawyer? What was his first investment? How did the first Twitter $25K angel check come about?

2.) How does Chris evaluate his own relationship to money and wealth? Why did Chris and Crystal interview some of the wealthiest people? What did they learn from those discussions? How does Chris view the role of luck? Why was it when Chris lacked optimism he lost the most money? How did being $4M in the hole from public markets impact his mindset?

3.) What does it mean for Chris to bring up healthy and happy children? Why does Chris believe today's parenting has bred a generation of asshole kids? In what way is great parenting aligned to great team management? How does Chris give feedback to his teams vs his children? What tone should be used? Should it always be "radical candor"? Should it be immediate?

4.) Does Chris believe that VCs really add any value? What does Chris believe is his secret sauce? Why does Chris believe that as a VC you have to be outspoken and loud about the value you provide? What have been some of the biggest lessons for Chris from sitting on boards and working with Bill Gurley? Why does Chris believe that most VCs are shitty managers?

5.) Why did Chris decide to come back from retirement and found Lowercarbon with Crystal? Why did he not decide to do it all with his own money? Why is now different for climate tech than prior generations of climate tech innovation? How big does Chris want to scale Lowercarbon? Will Chris make more money from climate investing than from tech?

Item’s Mentioned In Today’s Episode with Chris Sacca

Chris’ Favourite Book: Not Fade Away: A Short Life Well Lived, How To Raise an Adult

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