Alex Mittal – Early Stage Investing - [Invest Like the Best, EP.119]

My guest this week is Alex Mittal, co-founder of Funders Club. Following past guest Jeremiah Lowin, Alex is my second elementary school friend to appear on the podcast—a trend I hope continues.

Funders club is a unique venture firm, because it is build around a network of investors and entrepreneurs who submit deals for consideration and invest together. But as you’ll hear, Alex and his co-founder Boris aren’t just building an open platform for early stage investing: they also then take a very traditional venture approach, making investing decisions themselves when it comes to building a centralized portfolio.

Our conversation is about what Alex has learned investing in almost 300 early stage companies over the past 7 years.

Please enjoy.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

Show Notes

1:30 - (First Question) – Inception of the Founder’s Club

            1:36 – Jeremiah Lowin Podcast Episode

3:59 – How the process of their platform works

5:40 – Role of the network in Founders Club setup and success

8:26 – What he has learned from all of the data he has access to

16:00 – Early stage investing and finding the sweet spot

22:17 – What makes a really intriguing bad idea

25:23 – Why he remains so excited about Ethereum

31:18 – More bad ideas

            31:55 – Apoorva Mehta on How I Built This Podcast

37:15 – Thoughts on retail and logistics and how they fit his Venn diagram of boring and crazy

43:13 – Chip and electronic design

45:47 – Companies that are not just increasing efficiencies but actually making foundational changes

            45:54 – Energy and Civilization: A History

52:34 – What does he look for in founders

            55:26 – Pivot or Fail

57:05 – Kindest thing anyone has done for Alex

Learn More

For more episodes go to InvestorFieldGuide.com/podcast. 

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag