“My advice is ‘Don’t jump at the first [accelerator] that you see’.”
Steve Forte is a 5-time entrepreneur who had successful exits in all his businesses. He is the co-founder and managing partner of Fresco Capital, which focuses on seed and early-stage investment to create maximum impact for companies, investors, and partners. Using his experiences in several business ventures, he is heading a new path as a VC.
On this episode, he explains what a VC is and what to expect when pursuing this endeavor. He shares his expertise in pitching a startup business to invest and minimize risk. He also shares how Vatican Accelerator started and how it has been progressing over time. This is an interesting conversation about startup businesses and investments.
Listen to ILAB 75 on iTunes here or subscribe on your favorite podcast app.
ILAB 75 Show Notes
Where we are:
Johnny – Canary Islands
Sam – Southeast Asia
ArtofFX – start with just a $10,000 account (reduced from $25,000)
Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)
PeerStreet – get a 1% yield bump on your first loan
Wealthfront – get your first $15,000 managed free
4:51 – His background
9:51 – What does a VA do?
12:37 – Pitching a startup business to invest
17:38 – Founder’s expectation in terms of compensation
20:29 – Startup failure rate
23:27 – How to setup accelerator
26:24 – Software and social networking
31:09 – Difference between accelerator and incubator
37:11 – Vatican Acceleratorbackstoryy
46:50 – For-profit & mission-driven model
51:14 – Updates on Vatican Accelerator
55:10 – Future plans for the program
If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
Copyright 2017. All rights reserved. Read our disclaimer here.