This Week in Startups Momentum investing in VC + Convective Capital’s Bill Clerico | E1627
Dec 4, 2022
Bill Clerico, former CEO of WePay and founder of Convective Capital, dives into the dynamic world of investing in firetech startups. He discusses the urgent need for innovative technologies to combat wildfires, including satellite analysis and robotics. The conversation also explores the pros and cons of momentum investing in venture capital, debating whether it reflects smart strategy or a market bubble. Listeners gain insight into specialized investments addressing climate change challenges while discovering how strategic funding can enhance wildfire resilience.
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Contrarian Investing in VC
- Following the crowd in VC can lead to bubbles.
- Contrarian investing, while challenging, can be more rewarding.
Convective Capital's Fire Focus
- Bill Clerico, WePay's former CEO, launched Convective Capital.
- The fund focuses on firetech startups, mirroring his experience with the then-niche fintech market.
Climate Resilience
- Climate change resilience requires urgent action, as its effects are already present.
- Investing in adaptation and mitigation is crucial, with fire being a key area.