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Unveiling the Finance World: Navigating Entrepreneurship and Micro Private Equity with LaSean Smith
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In this 13th episode of Colors of Web3 & Entrepreneurship, dive deep into the dynamic world of finance and entrepreneurship with the insightful LaSean Smith, founder of CAGR. Join the conversation as we explore the various topics including various finance concepts, AI, virtual creators, private equity, entrepreneurship, and Web3. LaSean shares his experiences and unconventional insights, shedding light on the psychology of customer interactions and the key to building successful businesses.
⌛ Timestamps
00:00:00 Episode trailer
00:00:19 Podcast introduction and guest introduction
00:00:39 LaSean's brief self-introduction
00:01:20 LaSean's professional background
00:03:40 Why he decided to invest full-time
00:06:03 His entrepreneurial journey in 3 different businesses
00:08:13 LaSean's big business exit in 2011 and his reflection on the sale
00:13:16 LaSean's hobbies outside of investment
00:16:20 The types of books that he reads
00:17:30 His prediction that 2024 will be the breakout year for video AI models
00:18:36 Why he's bullish on virtual creators
00:21:00 The top 10 grossing media franchises are non-human characters (virtual creators)
00:24:51 Chart of the highest-grossing franchises
00:26:24 Deep dive on his main company CAGR.com
00:27:30 Different types of deals and where his company sits
00:28:42 His explanation about the various types of investments
00:35:31 His explanation of how private equity works
00:43:31 His areas of focus and his firm's thesis
00:45:00 What is not working in his current business
00:46:11 What is working in his current business
00:50:33 His topics that he would like to explore in 2024 00:56:48 The criteria he uses to evaluate businesses that he wants to invest in
01:04:35 A local construction business deal that did not work out for him and key man clause definition
01:05:51 Life cycle of angel investment deals and his lessons as an angel investor
01:12:07 Life cycle of private equity and micro private equity 01:15:01 Advantages of using permanent capital
01:21:35 Why he has not invested in any Web3 companies yet, but still remain bullish on the space
01:22:41 LaSean's opinion on Web3 space
01:29:55 Inflection points in technology
01:32:30 What Web3 companies can do to onboard 1 billion people according to LaSean
01:35:51 Advice for startup founders
01:38:47 Advice for people who want to break into private equity
01:42:38 Where people can follow LaSean and reach out to him 01:44:50 Episode outro
Follow LaSean's company: https://cagr.com/
My social media if you guys want to follow me:
Twitter/X: https://www.twitter.com/LamWeb3
LinkedIn: https://www.linkedin.com/in/lamweb3/
Website: https://lamtrinh.xyz
If you enjoy this episode, please subscribe to stay updated on our upcoming episodes with industry experts and innovators in the Web3 and Entrepreneurship spaces. Thank you for listening!
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