Chris Sacca's True Unfiltered Opinion on Facebook and Softbank | Full Interview

Chris Sacca, the Founder and Chairman @ Lowercase Capital, one of the best performing funds in the history of venture capital with a portfolio including Uber, Stripe, Twitter, Instagram, Twilio, Docker and many more. Despite this incredible success, in 2017, Chris and his wife, Crystal announced they would be stepping back from day to day investing to focus on ongoing efforts to rescue our democracy, heal the planet, promote diversity within venture capital. Earlier this year, they announced Lowercarbon Capital, with $800M AUM, with the mission to back companies that make real money slashing CO2 emissions, and buying us time to unf**k the planet. Fun fact: As a result of his incredible investing success Chris has also been a Shark on Shark Tank and even starred in an episode of Billions. Chris Sacca joins Harry Stebbings, host of 20VC, to talk about coming out of retirement to unf**k the planet with Lowercarbon, how Chris evaluates his relationship to money today, why we have bred a generation of ass**** kids, do VCs provide any real value and the true, unfiltered opinion on Facebook and Softbank In Today’s Episode with Chris Sacca You Will Learn: 1.) How Chris made his way into the world of investing having started life as a lawyer? What was his first investment? How did the first Twitter $25K angel check come about? 2.) How does Chris evaluate his own relationship to money and wealth? Why did Chris and Crystal interview some of the wealthiest people? What did they learn from those discussions? How does Chris view the role of luck? Why was it when Chris lacked optimism he lost the most money? How did being $4M in the hole from public markets impact his mindset? 3.) What does it mean for Chris to bring up healthy and happy children? Why does Chris believe today's parenting has bred a generation of asshole kids? In what way is great parenting aligned to great team management? How does Chris give feedback to his teams vs his children? What tone should be used? Should it always be "radical candor"? Should it be immediate? 4.) Does Chris believe that VCs really add any value? What does Chris believe is his secret sauce? Why does Chris believe that as a VC you have to be outspoken and loud about the value you provide? What have been some of the biggest lessons for Chris from sitting on boards and working with Bill Gurley? Why does Chris believe that most VCs are shitty managers? 5.) Why did Chris decide to come back from retirement and found Lowercarbon with Crystal? Why did he not decide to do it all with his own money? Why is now different for climate tech than prior generations of climate tech innovation? How big does Chris want to scale Lowercarbon? Will Chris make more money from climate investing than from tech? #20VC #ChrisSacca #VentureCapital #HarryStebbings #softbank #facebook #climatechange #climatetech #electricplane

Harry StebbingshostChris Saccaguest

Jan 20, 20221h 24mWatch on YouTube ↗

EPISODE INFO

Released: January 20, 2022
Duration: 1h 24m
Channel: The Twenty Minute VC
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

Chris Sacca, the Founder and Chairman @ Lowercase Capital, one of the best performing funds in the history of venture capital with a portfolio including Uber, Stripe, Twitter, Instagram, Twilio, Docker and many more. Despite this incredible success, in 2017, Chris and his wife, Crystal announced they would be stepping back from day to day investing to focus on ongoing efforts to rescue our democracy, heal the planet, promote diversity within venture capital. Earlier this year, they announced Lowercarbon Capital, with $800M AUM, with the mission to back companies that make real money slashing CO2 emissions, and buying us time to unf**k the planet. Fun fact: As a result of his incredible investing success Chris has also been a Shark on Shark Tank and even starred in an episode of Billions. Chris Sacca joins Harry Stebbings, host of 20VC, to talk about coming out of retirement to unf**k the planet with Lowercarbon, how Chris evaluates his relationship to money today, why we have bred a generation of ass**** kids, do VCs provide any real value and the true, unfiltered opinion on Facebook and Softbank In Today’s Episode with Chris Sacca You Will Learn: 1.) How Chris made his way into the world of investing having started life as a lawyer? What was his first investment? How did the first Twitter $25K angel check come about? 2.) How does Chris evaluate his own relationship to money and wealth? Why did Chris and Crystal interview some of the wealthiest people? What did they learn from those discussions? How does Chris view the role of luck? Why was it when Chris lacked optimism he lost the most money? How did being $4M in the hole from public markets impact his mindset? 3.) What does it mean for Chris to bring up healthy and happy children? Why does Chris believe today's parenting has bred a generation of asshole kids? In what way is great parenting aligned to great team management? How does Chris give feedback to his teams vs his children? What tone should be used? Should it always be "radical candor"? Should it be immediate? 4.) Does Chris believe that VCs really add any value? What does Chris believe is his secret sauce? Why does Chris believe that as a VC you have to be outspoken and loud about the value you provide? What have been some of the biggest lessons for Chris from sitting on boards and working with Bill Gurley? Why does Chris believe that most VCs are shitty managers? 5.) Why did Chris decide to come back from retirement and found Lowercarbon with Crystal? Why did he not decide to do it all with his own money? Why is now different for climate tech than prior generations of climate tech innovation? How big does Chris want to scale Lowercarbon? Will Chris make more money from climate investing than from tech? #20VC #ChrisSacca #VentureCapital #HarryStebbings #softbank #facebook #climatechange #climatetech #electricplane

SPEAKERS

Narrator
other
Harry Stebbings
host
Chris Sacca
guest

EPISODE SUMMARY

In this episode of The Twenty Minute VC, featuring Narrator and Harry Stebbings, Chris Sacca's True Unfiltered Opinion on Facebook and Softbank | Full Interview explores chris Sacca On Money, Parenting, Climate Bets, And Calling Out Power Chris Sacca traces his path from leveraged day-trading and early angel bets in Photobucket and Twitter to building Lowercarbon Capital, explaining how painful losses and outsized wins shaped his attitude toward risk, money, and status. He talks candidly about designing a healthy relationship with wealth, marriage, and parenting, emphasizing gratitude, service, and avoiding raising entitled kids in an over-optimized, monoculture tech world. Sacca details why he stepped back from classic tech VC, then returned with obsessive focus on climate, arguing that new economics, computing, and biology make climate startups both highly profitable and planet-scale. Throughout, he is bluntly critical of Facebook, SoftBank, and weak venture behavior, and lays out how he thinks great VCs, managers, and founders should actually operate.

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