#410: Jeff Richards on Investing In Innovation

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 19 October 2020

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jeff Richards is a Managing Partner at GGV Capital. He has been at the firm since 2008 and previously spent 13 years as an entrepreneur and operating executive in the US and Asia. Jeff founded two technology startups, including R4 which was acquired by VeriSign. In this conversation, we discuss Jeff's investment strategy, Wish, Coinbase, Lambda School, Slice, his biggest winners & losers, the advantages to being a public company, the resiliency in Silicon Valley, and various geographic investment markets around the world. ============================== BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. To start earning today visit: http://www.blockfi.com/Pomp ============================== Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp ============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pump. You're listening to the Pomp
0:05.3	podcast, simply the best podcast out there. Let's kick this thing off. Jeff Richards is a managing
0:12.2	partner at GGV Capital. He has been at the firm since 2008 and previously spent 13 years as an
0:19.0	entrepreneur and operating executive in the U.S. and Asia.
0:22.9	Jeff founded two technology startups, including R4, which was acquired by Verac.
0:27.7	In this conversation, we discussed Jeff's investment strategy, the company Wish, Coinbase, Lambda School, Slice, his biggest winners and losers, the advantages to being a public
0:39.2	company, the resiliency in Silicon Valley, and various geographic investment markets around the
0:45.0	world. I really, really enjoyed this conversation with Jeff, and I think you will as well.
0:50.3	Before we get into this episode, though, I want to quickly talk about our sponsors.
0:59.5	First up is BlockFi. I'm an investor, and I sit on the board, and I'm a very happy user.
1:02.3	These folks have built three products so far.
1:06.5	You can deposit crypto and take out a U.S. dollar loan against your crypto collateral.
1:09.4	You can buy and sell crypto on their crypto exchange.
1:12.1	Or you can deposit crypto or a stable coin and earn up to 8.6% APY in an interest-bearing account. Those three products are great, but they're
1:18.6	also getting ready to launch a credit card that pays the rewards in Bitcoin rather than airline
1:24.2	miles or cash back. That's right, a Bitcoin rewards credit card is coming from BlockFi, and it's going to be awesome.
1:31.2	Go check them out today to use that lending product, that crypto exchange, or that interest-bearing account at BlockFi.com slash pomp.
1:40.6	Again, blockfi.com slash pomp.
1:48.2	They're awesome. I love it, and you will too. Blockfi.com slash pomp. Next up is a company that provides the product choice by Kingdom Trust. They're a new
1:55.1	self-directed IRA product that I'm really excited about. If you're listening to this, you're likely
2:00.2	part of the 7.1 million Bitcoin owners who have
2:02.7	retirement accounts with dollars in them, but not Bitcoin.
	...

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