Wednesday, January 14, 2015

Startup #1 How Not to Pitch a Billionaire Pt. 1

I listened to the first half of the podcast in the Startup series called How Not to Pitch a Billionaire.  He first started about interviewing an angel investor named Chris Sacca.  He has invested in many multi-billion dollar business, such as PhotoBucket.  Sacca left a high paying job at Google to do this. His first big investment was in a company that he really believed in the concept and the people behind.  He did not have enough money to give them,so he had to get loans for $24,000.  After giving them the money, he became their biggest advocate.  Sacca went a step further and started to buy all the stock he could in the business, which required more money he did not have.  However, his investment paid off because the business he was investing in was Twitter.  He is now a multi-billionaire that has been the one of the first investor for many companies like Kickstarter, Instagram. and Uber.   

I will listen to the other half of this podcast next class.  

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