The Thread: Venture Capitalist Charles Hudson, Managing Partner of Precursor Ventures (S1:E3)

The Thread: Venture Capitalist Charles Hudson, Managing Partner of Precursor Ventures (S1:E3)


the hardest things about
entrepreneurship is you have to be willing to go out on a Ledge and you
know I went from probably one of the most recognizable companies in the world
with time to started that no one had never heard of Charles Hudson is the
managing partner and founder of precursor ventures an early-stage
venture capital firm focused on investing in the first institutional
round of investment for the most promising software and hardware
companies prior to founding precursor ventures Charles was a partner at soft
egg PC this is Charles piece of a thread so for me in one word entrepreneurship
is courage it’s the courage to start something and believe you can create
something that doesn’t exist yet and that you kind of write uniquely position
to build it and cause it to exist and I think it’s really courageous to start a
company it’s could just start anything in that profit sports team an
organization or a company because it really requires a lot of belief and
little power and courage energy all these things I think one of the hardest
things to do when you’re starting up and I think most entrepreneurs have good
options they have other things they could be doing that are safer or more
lucrative more financial rewarding I think also more prestigious and so I’ll
just tell you a funny stories I was working at Google in 2007 when Google I
think was widely considered poly the best coolest place to work and I realize
my parents really liked being able to tell their friends that they have son
that was the cool woman that came and visited me on campus and I showed them
the whole tour matches oh no I told them I was gonna
quit to go do a startup I think it was hard for them to understand why anyone
would leave such a good company but just wasn’t the right place for me anymore so
I think one of the hardest things about our chip is you have to be willing to go
out on a Ledge and you know I went from probably one of the most recognizable
companies in the worlds of time to start up that no one has ever heard us I think
for a lot of people you know you’re working on a start-up you go in the
cookout or the cocktail party people hey what are you up to is that we’re gonna
set up what is it well we haven’t launched the product yet
oh okay really are you really have a company and there’s this process you go
through for that first year year and a half or really you don’t have much to
show for what you’re doing and it can be hard I think there’s different kinds of
skepticism you encounter when you start a venture fund I think the overwhelming
thing people come into why would you leave stuff that you guys are doing
really well your investment in great companies like ten days postmates
Poshmark Eventbrite you’ve got a big portfolio why would you leave a really
good job in venture to start your own fries or something fun well but it’s
great like just my interests changed and then I think the other thing is we
pitched about 300 people to start precursor and I think I wish I could say
we had 300 for 306 that’s right anything that was a lot less than that and I
think in the beginning take out a lot of skepticism where people just said do you
know one person told me hey I think you should go back and get all job you’ve
already told me that the enemy it’s like I don’t think this thing
you’re doing is gonna work and this is a person who’s been very successful as
someone who’s destined and backs hydrophones in that one kind of hurt but
I said I think I can make this work that that’s just one no anyone know doesn’t
care any more weight than another and so I think a lot of stuff versus in my face
was more people just said look there’s a lot of early-stage venture Club why is
the world need another one we need another ones why should it be yours if
you can give one piece of advice to an ethnic American or he’s probably scared
to take the lead what will be that advice I would say very little
entrepreneurial failures is finally there are some things you can do there
are such spectacular failures that they would negatively impact your ability of
doing anything else as a teacher but doesn’t matter and I think studying the
startup classes is important repairing yourself is really important there is
actually no good proxy for being the founder there’s no job you can take that
prepares you for being a founding of your director of marketing to teach you
a lot of what you need to know to be a VP but to be the founder you kind of to
go start something and I encourage people at the right time in your career
try it early because if it’s the right thing for you to do you can have a
fantastic rest of your career as an entrepreneur and if it turns out not
being what you are you can have the rest of your career of
doing other things without always wandering geez what if I started my own
company and the later you get in your career the harder it is to quit and
start because you have more to offer thank you so much for watching this
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