Episode Summary:

In this insightful episode of First Cheque, hosts Cheryl Mack and Maxine Minter have a raw conversation with Elicia McDonald, a venture capital expert renowned for her remarkable work at Airtree Ventures. Elicia's holistic approach to early-stage investing and her deep commitment to nurturing founder relationships are at the forefront of this discussion.

Opening with an introduction that paints Elicia as a superhuman in her work-life balance, the episode delves into the intricacies of venture capital investing. With Elicia's insightful anecdotes and experiences, this podcast provides an intimate look at the dynamics of the VC world, particularly in uncovering what makes an early-stage investor successful. The conversation spans various subjects, including the principles of investment, fostering resilience, and the importance of embracing constant industry change.

About the Guest(s):

Elicia McDonald is a prominent figure in the venture capital industry, mainly known for her work at Airtree Ventures, where she has made a significant impact through her skills in early-stage investing. Elicia is known for her keen ability to identify and invest in promising startups, contributing to various successful ventures. Regrow (formerly known as Fluorosat) is among her notable investments, reflecting her knack for spotting early potential in innovative companies. Besides her professional achievements, Elicia is recognised for her leadership in balancing family life with a demanding career, setting an empowering example for professionals, especially women in the tech industry.

Key Takeaways:

• Resilience and founder empathy are vital traits Elicia values in herself and the founders she invests in.
• Thorough decision-making and maintaining high-quality standards are pivotal points in Elicia's approach to investing and entrepreneurship.
• Building trusted relationships within the startup ecosystem significantly contributes to successful sourcing and working with founders.
• Parenthood and career balance is a personal challenge that Elicia navigated with bravery, setting a progressive example for others in the industry.
• The venture capital industry is marked by constant change, and embracing this dynamism is crucial for long-term success.

Notable Quotes:

• "Life is 10% what happens to your 90% how you respond to it." - Reflexive insight on the importance of perspective.
• "Everything is a multi-shot game." - Maxine Minter on the long-term nature of venture investing.

Resources:

• Elicia McDonald's LinkedIn profile
• Airtree Ventures website for more information on Elicia's investment firm.

Listen in to this enlightening episode to hear Elicia McDonald's full insights on venture capital, founder relationships, and building resilience amid industry fluctuations. Stay tuned to First Cheque for more captivating discussions with leading figures shaping the tech and investment world.

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Thanks to our sponsors for helping to make this episode of First Cheque possible.

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Mentioned in this episode:

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