Welcome to another episode of 'On the Couch'. This occasional podcast series of chats with brokers, CEOs, and fund managers aims to give you an insight into the investing world.

In this episode, Henry Jennings is joined by Tom Waterhouse - WaterhouseVC.

Many will be familiar with Tom and his legendary horse racing heritage. His family is racing royalty.

Tom's grandfather, Bill Waterhouse, was the biggest bookie in the world in the 60s and 70s. His father, Rob Waterhouse, is a bookmaker and part-owner of one of the world’s largest betting syndicates.

His grandfather, T.J Smith, is the most successful Australian racehorse trainer of all time. 

His mother, Gai, has won over 130 Group 1 races, is a Melbourne Cup winner, and has trained horses for the Queen.

Founded in August 2019, WaterhouseVC invests in businesses related to wagering and gaming.

In this short chat, Tom runs through the really interesting strategy that his VC Fund uses to produce extraordinary returns. And they have been extraordinary.

This is the first part of a wide-ranging chat they had about gambling and how Tom's fund invests, with a further episode after Easter.

Henry was certainly surprised about the philosophy behind the fund.

They even touch on his mother's appearance as a 'Time Lord' in a 1978 'Doctor Who' episode.

Disclaimer: This is general advice only and you should consult your financial adviser regarding any of the thoughts, ideas or insights in this podcast.

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