Todd Ruppert in conversation with serial entrepreneur and technology investor, Joe Lonsdale.[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Joe%20Lonsdale%22%2C%22job_role%22%3A%22Founder%20and%20general%20partner%2C%208VC%20(United%20States)%22%2C%22content%22%3A%22Joe%20is%20a%20serial%20entrepreneur%20and%20technology%20investor.%20While%20a%20computer%20science%20student%20at%20Stanford%20University%20he%20interned%20at%20PayPal.%20Upon%20graduation%20he%20left%20PayPal%20to%20work%20in%20a%20variety%20of%20roles%20with%20PayPal%20co-founder%2C%20Peter%20Thiel.%20In%202004%20he%20co-founded%20Palantir%20Technologies%2C%20a%20data%20analytics%20software%20firm%2C%20%20with%20Peter%20Thiel%20and%20others.%20Palantir%20went%20public%20in%20September%202020%3B%20it%20was%20valued%20at%20over%20%2440%20billion%20on%20April%2030%2C%202021.%20Joe%20left%20Palantir%20in%202009%20to%20co-found%20Addepar%2C%20a%20wealth%20management%20and%20data%20analytics%20firm%2C%20which%20today%20administers%20over%20%242%20trillion%20in%20assets.%20Other%20companies%20Joe%20founded%20include%20OpenGov%2C%20Esper%2C%20Anduin%20Transactions%2C%20Affinity%2C%20Epirus%20Systems%2C%20and%20Zanbato.%5Cn%5CnJoe%20has%20invested%20in%20numerous%20technology%2C%20biotechnology%2C%20healthcare%2C%20logistics%2C%20and%20other%20companies%20since%20leaving%20Palantir%2C%20most%20recently%20through%20his%20venture%20capital%20firm%2C%208VC%2C%20which%20he%20founded%20in%202015.%20All%20of%20his%20funds%20were%20oversubscribed.%20Notable%20portfolio%20companies%20include%20Elon%20Musk%E2%80%99s%20The%20Boring%20Company%20(where%20Joe%20is%20a%20member%20of%20the%20board)%2C%20%20Joby%20Aviation%2C%20Wish%2C%20Flexport%2C%20Anduril%2C%20and%20Asana%2C%20among%20others.%20%20Joe%20debuted%20on%20the%20Forbes%20%E2%80%9CMidas%20List%E2%80%9D%20in%202016%20(as%20the%20youngest%20member).%20In%202020%20he%20was%20ranked%2036th%20in%20Forbes%E2%80%99s%20list%20of%20%E2%80%9CTop%20Tech%20Investors%E2%80%9D%20and%20in%202021%20was%20ranked%2018th%20on%20Forbes%E2%80%99s%20list%20of%20%E2%80%9CThe%20World%E2%80%99s%20Top%20100%20Venture%20Capitalists.%E2%80%9D%5Cn%5CnIn%202018%20Joe%20founded%20the%20Cicero%20Institute%2C%20a%20policy%20group%20that%20delivers%20entrepreneurial%20solutions%20to%20public%20problems.%20He%20and%20his%20wife%20are%20also%20active%20philanthropists.%20In%202020%20Joe%20moved%20from%20California%20(where%20he%20was%20a%20two%20time%20scholastic%20state%20chess%20champion)%20to%20Austin%2C%20Texas.%20He%20is%20working%20on%20an%20experimental%20Beta%20City%20on%20the%20outskirts%20of%20Austin%2C%20which%20would%20rival%20Neom%2C%20the%20%24500%20billion%20new%20city%20that%20Saudi%20Arabia%20Crown%20Prince%20is%20building.%22%2C%22image%22%3A%2244387%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fjtlonsdale%2F%22%7D%5D” title=”Speakers” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Todd%20Ruppert%22%2C%22job_role%22%3A%22Chair%2C%20INSEAD%20endowment%20(United%20States)%22%2C%22content%22%3A%22R.%20Todd%20Ruppert%20is%20founder%20of%20Ruppert%20International%2C%20a%20firm%20with%20diversified%20interests%20in%20various%20fields%20globally.%20He%20is%20a%20board%20member%20of%20INSEAD%20Business%20School%2C%20Wilshire%20Associates%2C%20Shetland%20Space%20Centre%2C%20The%20Fine%20Art%20Group%2C%20and%20the%20Rock%20%26%20Roll%20Hall%20of%20Fame%2C%20among%20others.%20He%20is%20a%20venture%20partner%20at%20Greenspring%20Associates%2C%20a%20%2412%20billion%20venture%20capital%20firm.%20He%20is%20also%20an%20advisor%20to%20venture%20capital%20firms%20Antler%2C%20Fin%20VC%2C%20Sure%20Ventures%2C%20and%20Global%20Ventures.%20He%20is%20an%20advisor%20to%20private%20equity%20firms%20Access%20Holdings%2C%20Motive%20Partners%20and%20BroadLight%20Capital.%20He%20is%20also%20a%20serial%20early%20stage%20investor%20and%20advisor%20to%20numerous%20companies%20globally.%20Ruppert%20has%20over%2040%20years%20in%20the%20financial%20services%20industry.%20He%20retired%20from%20T.%20Rowe%20Price%2C%20the%20global%20asset%20management%20firm%20with%20over%20%241.5%20trillion%20under%20management%2C%20where%20he%20was%20CEO%20and%20president%20of%20T.%20Rowe%20Price%20Global%20Investment%20Services%2C%20co-president%2C%20T.%20Rowe%20Price%20International%2C%20and%20a%20member%20of%20the%20operating%20steering%20committee%20of%20the%20T.%20Rowe%20Price%20Group.%22%2C%22image%22%3A%2244384%22%2C%22linkedin%22%3A%22%22%7D%5D” title=”Moderator” el_class=””][vc_empty_space height=”10px”]
Key takeaways
VC investment involves working with the most talented individuals to build companies, which in turn hold the seeds of future companies.
It involves being across key trends and their wider ripple impact – like, for example, how smart phones triggered ride sharing.
Successful investment involves finding out what is newly possible that wasn’t five years ago.
At 8VC recent investment in the biotech sector includes establishing a first-of-its-kind manufacturing and technology company dedicated to broadening access to medicines and protecting the supply chain against disruption.
Lonsdale is also at the forefront of investing in financial services, increasingly transformed by data, the cloud and APIs.
Addepar is a leading private wealth management technology company.
Institutional investors should come together to create a prize to help finance and develop cutting edge carbon capture technology.
The big difference between the vaccine rollouts and the scale of the stimulus measures across the world could result in a K-shaped global economic recovery, with much of the developed world booming but poorer countries continuing to struggle. However the
Two forces will drive a strong rebound in the global economy over the next three years: widespread vaccine roll-out allowing a progressive easing of lock-downs, and additional large scale US fiscal stimulus.
Institutional allocations to emerging markets (EM) equities have increased steadily since the 1980s1, as the asset class has evolved from frontier investment to growth mainstay.
Three themes driving infrastructure are setting up a potentially strong vintage year, coinciding with stimulus programs focusing attention on the asset class.
In this exclusive interview for Truthout, one of the world’s leading progressive economists, Robert Pollin, explains what Biden’s economic plan means for the majority of American people and how it will help create a somewhat fairer tax system.
Are market experts prone to heuristics, and if so, do they transfer across closely related domains—buying and selling? We investigate this question using a unique dataset of institutional investors with portfolios averaging $573 million.
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