We explore adventures in business and investing. We’re joined by Andrew Dumont, Co-Founder and Managing Partner of Curious Capital. We cover the truth about choosing companies to invest in, making an acquisition grow, and the realities of managing a fund.
“When you’re first starting a fund, you're going to spend your first five years, realistically, actively raising money from LPs—and that is your primary role. It is not interfacing with founders and helping entrepreneurs; that's a small piece. I think it's important that people realize: if you just want to work with entrepreneurs all day, join an existing fund.” – Andrew Dumont
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscrivner.com/notes/andrew-dumont-outliers-show-notes
FULL TEXT TRANSCRIPT
https://www.danielscrivner.com/notes/andrew-dumont-outliers-transcript
CHAPTERS
This episode is our definitive guide to adventures in business and investing. In it we cover:
(00:00:00) – Introduction
(00:01:34) – Andrew’s start in the world of venture capital
(00:08:05) – Why venture capital isn’t the best option for all startups
(00:18:11) – The truth about choosing companies to invest in
(00:26:19) – Andrew’s work with Tiny Capital
(00:31:02) – Making an acquisition grow
(00:41:46) – Getting started with investing
(00:45:14) – The realities of managing a fund
(00:52:11) – How investors can best help founders
(00:54:54) – Why getting reps as investor is exciting
ABOUT CURIOUS CAPITAL
Andrew Dumont is the CEO of both Meteor, which is an open source JavaScript framework, and We Work Remotely, which is the world's largest remote work focused job board. Both of these are fascinating businesses and we explore what it's like to scale an open source software business and the world of job board businesses, including how We Work Remotely has grown 5X since Tiny Capital purchased the job board just a handful of years ago.
Andrew was previously the CMO of Bitly and an entrepreneur in residence at Betaworks, both of which we explore in depth. He's also a venture capital investor through his fund, Curious Capital, which he founded with Giphy founder and CEO, Alex Chung.
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ABOUT OUTLIER ACADEMY
Learn timeless lessons on work and life from iconic founders, world-renown investors, and bestselling authors. Outlier Academy is the forever school for those chasing greatness. Past guests include Gokul Rajaram of DoorDash, Scott Belsky of Benchmark and Adobe, Joey Krug of Pantera Capital, Mark Sisson of Primal Kitchen, Luke Gromen of The Forest for the Trees, and Brian Scudamore of 1-800-GOT-JUNK.
Website: https://www.outlieracademy.com
Twitter: https://www.twitter.com/outlieracademy
ABOUT DANIEL SCRIVNER
Outlier Academy is hosted by Daniel Scrivner. Over the last 15 years, Daniel has led design teams at Square and Apple, turned around a $3M+ ARR SaaS business, and invested in more than 100 companies. He launched Outlier Academy in 2020 to learn from the world’s best founders, investors, authors, and peak performance experts.
Website: https://www.danielscrivner.com
Twitter: https://www.twitter.com/danielscrivner
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