In the third episode, I described how VCs evaluate startups by using a combination of the team, business, deal terms and whether the idea fits with their thesis to decide whether to invest or not. In this episode, I present FJ Labs' Investment thesis.

I start by covering why we focus on marketplaces, then detail:

• Our current marketplace theses:
  • Verticalization of horizontals
  • Transition to supply pick marketplaces
  • B2B marketplaces
• The Future of Food
• The Future of Work
• The Future of Real Estate
• The Future of Lending