253. The Changing “Search Image” of Founders, Lack of Diversity = Missed Opportunity, and COVID Effects on the BLM Movement in Europe (Eric Collins)



Eric Collins of Impact X Capital joins Nick to discuss The Changing "Search Image" of Founders, Lack of Diversity = Missed Opportunity, and COVID Effects on the BLM Movement in Europe. In this episode, we cover:

  • Walk us through your background and path to VC
  • What's the thesis at Impact X?
  • As a black CEO and fund manager, in what ways do you think your experience fundraising was different than your white, male peers at other firms?
  • How do you approach sourcing?
  • What's unique about the way you've built your network vs. other firms?
  • Less than 1% of venture funding goes to black-led and we've heard the tired line that "not enough companies are founded by underrepresented founders and black founders"...  Are you concerned that you'll have fewer deals or less pipeline?
  • What's the right number of deals per year where you feel like you're seeing a sufficient amount?
  • I've heard about the "deep analysis" you do and how that creates the edge.  Can you describe what this entails?
  • Do the issues run deeper in the LP community than even the GP community?
  • Are the return expectations different for your LPs vs. a non-Impact fund?
  • A lot of the impact you are creating is long-term in nature.  What are the leading indicators of success for your fund?
  • How do you set objectives and measures to know if you're winning/exceeding the plan?
  • In response to the pandemic, the gov't created a number of programs to help fast-growth companies.  What was the (Read more...)