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051: Charles Hudson - Funding the Forgotten Founder

051: Charles Hudson - Funding the Forgotten Founder

FromMindful Money


051: Charles Hudson - Funding the Forgotten Founder

FromMindful Money

ratings:
Length:
51 minutes
Released:
Mar 31, 2023
Format:
Podcast episode

Description

Upcoming Event!How Can Mindfulness Give You a More Abundant Retirement?Are you ready to let go of anxiety and find the peace of mind you seek as you prepare for your golden years? Your Answer Lies in These 5 Critical Retirement Questions: Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?How do I prepare non-financially for retirement? What are the dominant variables in a happy retirement?Learn more: https://courses.mindful.money/mindful-retirement-review-workshop/Charles Hudson is the Founder and Managing Partner of Precursor Ventures, and early-stage venture capital firm focused on investing in the first institutional round of investments for the most promising software and hardware companies. Today, Charles joins the show to discuss the work he does as a venture capital investor, his philosophy of investing in diverse founders with a variety of ideas, and traits he looks for in an attractive investment. Charles explains the landscape of venture capital, shares the value that Precursor Ventures provides to founders, and discusses his passion for helping entrepreneurs scale and grow their businesses.? Watch on YouTubehttps://youtu.be/d4gb_hypxVQKey Takeaways00:49 – Jonathan introduces today’s guest, Charles Hudson, who joins the show to share early jobs he had as a kid, where he caught the entrepreneurial bug and08:41 – Building wealth through building a business11:40 – Charles’ career arc14:35 – The importance of finding impactful mentors in our increasingly remote society17:59 – Charles explains the landscape of venture capital21:38 – Traits of a great venture capital investment23:36 – The importance of investing in diverse founders and what it means to Charles29:29 – The value that Precursor Ventures provides to founders33:41 – Providing resources to the ‘forgotten founder’ and the question Charles asks himself when considering an investment42:27 – One piece of entrepreneurial advice to heed and one thing to completely ignore when seeking funding46:12 – One thing Charles would like others to know about him and one place Charles has visited that had a profound impact on him49:13 – Jonathan thanks Charles for joining the show today and lets listeners know where to connect with himTweetable Quotes“My mom owned her own law practice. For her, I think it was more about flexibility. She would say, ‘I get to set my own hours. They’re long, but I get to set them. I get to choose my own clients. I get to set my own rate.’ And, I think for her, it was really important to have that level of control. For me, the big ‘Ah-Ha’ was that I met business owners and realized, ‘Oh, so that’s how you do it.’” (09:31) (Charles)“After five years I realized, in the end, the thing that really got me excited was not investing big checks into companies that had really experienced management teams and repeat founders. The thing that got me excited was really working with less experienced, first-time founders where the money and advice really made a difference. This is a harder way to make money, but it’s way more satisfying and way more engaging for me. And if I’m gonna do something professionally, I want it to meet my needs in that dimension.” (13:56) (Charles)“I think we will eventually get to a place where remote and distributed culture is well understood and the norms...
Released:
Mar 31, 2023
Format:
Podcast episode

Titles in the series (100)

Do you struggle with money? You’re not alone. Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration it becomes destructive.  The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort. Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life. If you aren’t happy with your finances, feel like money takes more time that it should, or want to place your financial decisions into the broader context of your life, this show is for you.  Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy, but do NOT improve outcomes. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy