Why billionaire investor Chris Sacca is saying goodbye to startup investing
Billionaire investor and US Shark Tank star Chris Sacca is retiring from startup investing and will be shifting his focus towards “fighting a despotic regime, doing more television, launching a podcast, all while raising three wonderful kids under six” with his partner Crystal Sacca.
In a blog post for Lowercase Capital, Sacca’s venture capital firm, the well-known investor reveals that efforts over the past couple of years to “do this job part-time” haven’t really worked.
“The only way I know to be awesome at startups is to be obsessively focused and pegged to the floor of the deep-end gasping for air,” Sacca says.
“I succeeded at venture capital because, for years, I rarely thought about or spent time on anything else. Anything less than that unmitigated full commitment leaves me feeling frustrated and ineffective.
“As you’ve heard me say on the show, if I’m not all-in, I’m out.” Read more
Dinushi Dias - Smart Company - 1 May 2017