Podcasts about magma ii

In this episode, we sit down with Hunter Hess. Hunter is on the US Freeski Halfpipe team and can be seen throwing down in the MAGMA videos. In this episode, we hear about Hunter's journey on the competition circuit, get a behind-the-scenes perspective on his videos with Alex Hall, and find out how he managed to get Tom Wallisch & Simon Dumont together to film the intro for MAGMA II. We go over viewer questions at the end which can be submitted on our Instagram. @TwoPlankerPod https://www.instagram.com/twoplankerpod/ Spotify: https://open.spotify.com/show/4DoaAVYv69xAV50r8ezybK Apple Podcast: https://podcasts.apple.com/us/podcast/two-planker-podcast/id1546428207 Show Notes: 0:00:00 Ad Read 0:00:30 Intro, Hunter Hess Update 0:03:10 Growing up in Bend, Oregon, Transitioning from soccer to skiing, ski racing to freestyle 0:20:25 Going from slopestyle to halfpipe, Traveling internationally on the US Freeski Halfpipe team 00:29:50 Competition schedule, Financial reality of competitive skiing, 00:48:52 Creating MAGMA in the off-season with Alex Hall and Owen Dahlberg, Behind the scenes of the triple flair, Øystein Braaten part in MAGMA 1:27:40 Mindset behind MAGMA II, Incorporating Tom Wallisch and Simon Dumont in the video, Falling on the tree, In-depth on some tricks 2:00:10 Goals moving forward 2:03:20 Listener Questions, Advice, Closing

    Hunter Hess, as many pro skiers do, is living the nomad lifestyle. We connected with the Bend, Oregon native in Utah where he filmed the recently released, MAGMA II. The follow up to the award winning MAGMA is the second instalment of the project that originated with conversations between Hunter and Alex Hall […] The post #167 Hunter Hess – MAGMA II appeared first on Low Pressure Podcast.

Venture capital, especially in Latin America, can often seem like a black box where founders have very little access to information about what happens on the inside of the firm. I’ve gotten so many questions about how to apply, when do it, pitfalls to avoid and so many more. On the last episode of Crossing Borders, I interviewed Komal Dadlani, CEO and cofounder of Lab4U. One of her conditions for the podcast was that she could then turn the microphone around on me and ask all the questions she wanted to know about venture capital...of course I said yes! It was a great to share what we’ve learned in five years of VC and share how to best raise venture capital form Magma Partners. This episode is a combination of the questions Komal asked me and the most common questions I get via email, Twitter, Facebook, and LinkedIn. As Komal wondered, many entrepreneurs ask themselves how VCs analyze companies that they are considering for investment, and why they choose to invest in a specific companies. Others are curious about dilution, deal structure, or even the operations of the Magma team. This episode was an opportunity to answer those questions. If one person asked, then at least ten people were probably thinking the same thing. Check out this episode to hear me answer Komal’s questions and delve into the most common questions I get on social media. The Magma Application form The most common question I get through almost every channel is: How do I get in touch with you? Short answer: you’re already in touch with me! You’ve either written me an email, connected on LinkedIn or are in a Twitter message. Ask the question directly there! But if you want advice on your startup or for us to look at your business for an investment, fill out the application form on our website. Everyone, whether they are our LP’s brother, a previous founder or someone with no connections at all, can reach our team 24/7/365 from our online form. Why do we use an application form rather than requiring an introduction? Check out the rest of this episode to explain how this form levels the playing field for entrepreneurs looking for early-stage capital in Latin America. Everyone makes an investment thesis and then immediately breaks it. Everyone at Magma Partners has been an entrepreneur. We started Magma in part to share that experience with other founders in the ecosystem, and in part to fill gaps we saw in funding structures in Chile. Our first thesis was built on models we could see were working, but that doesn’t mean we were successful with all our first investments. We’ve learned lots of lessons along the way, but especially in the first two years. Komal pushed me to explain what lessons I could bring from this first fund into our second fund, which is currently open. Looking back, we made many mistakes that I wouldn’t make now, knowing what I know today. Listen to the rest of this episode to find out how our Magma I investments impacted our investments in Magma II. Fucked up Cap Tables and other startup nightmares I plan on writing a full blog on the terrible cap tables we have seen during investments, but I also recently got a question about dilution on Twitter. Just this year, we had to pass up on 5-10 investments because their cap tables were so messed up that we could not enter the deal. This issue is unfortunately quite common in Latin America as well-meaning funds, angels and family offices have started investing directly while not using standard terms or taking high percentages of equity. Luckily, few investors are actually trying to screw over the entrepreneur; they’re just not as familiar with startup investing and how its different from a traditional investment. Check out the rest of this episode to find out the two most common mistakes we see on cap tables - even for an early-stage startup - and how to avoid them. We are also happy to review any startup’s term sheet if you would like a second opinion on the deal. We have read thousands of term sheets over the past few years and have a pretty good idea of what might be a red flag. To send a term sheet to our team for review, please reach out via our form magmapartners.com/apply and check the “feedback” box. How Magma Partners supports founders We will work as closely with founders as they would like. We don’t only focus on returns to the fund when deciding how much time to spend with one of the startups in our portfolio; we try to help all startups, but some end up with more help from our team. Why? Some entrepreneurs prefer a less close relationship. Others want advice, but don’t take it into account, no matter how many times we meet. Others follow advice blindly. We’ve found over the years that neither of these options leads to the most successful company. Check out the rest of this episode to hear my hypothesis on what makes a great founder, and what makes a founder easy to work with. It has nothing to do with the amount of money the company has raised or how much they make in sales. I’m always happy to spend large chunks of time with any of the companies in our portfolio if they would like the support. Show Notes: [1:06] - How do I get in touch with Nathan and Magma Partners? [6:54] - Nathan’s transition from entrepreneur to investor [9:08] - Developing an investment thesis for Magma’s first fund [12:20] - What did Magma’s first fund invest in? [15:23] - What did you learn from Magma I to apply to Magma II? [22:07] - What do you look for in a company when you consider investing? [27:30] - Magma II investments [31:12] - The second most-asked question on social media [33:38] - What is the ONE biggest reason you invest in a company? [34:43] - Is it okay to ask my investors why they want to invest in me? [36:15] - What is the usual stock dilution in every round? [43:06] - How do experienced VCs educate founders on deals? [46:57] - How do you choose to work closely with a startup? Resources Mentioned: Magma Partners Application form Lab4U Start-Up Chile Webdox BrainHi Podcast App Jooycar PropertySimple

Bem vindo ao Thwip View, o nosso programa semanal de comentários e reviews! No programa de hoje controle seus impulsos adolescentes, prejudique a namorada, tome cuidado com estrangeiros, descubra o...

Bem vindo ao Thwip View, o nosso programa semanal de comentários e reviews! No programa de hoje controle seus impulsos adolescentes, prejudique a namorada, tome cuidado com estrangeiros, descubra o...

Through my Crossing Borders podcast, I’ve had the opportunity to interview dozens of Latin America’s most inspiring entrepreneurs. In this special episode, I decided to turn the tables to bring a former guest, GroupRaise CEO Devin Baptiste, back to the show to ask me about my first days as an entrepreneur, and how that eventually brought me to Chile. I sat down with Devin, a close colleague and friend, to delve into how ticket reselling, and helping people plan for their deaths, brought me to Latin America and put me on a path to help found Magma Partners. Don't worry, we'll be back to our regularly scheduled guests next week! Refereeing soccer games at age 12 was the first step to becoming an entrepreneur. Nathan Lustig made his first money as a twelve-year-old soccer referee back home in Wisconsin. As an independent contractor, he enjoyed planning a game schedule and being in control of his income, most of which he saved. Sports become a common theme in Nathan’s journey to becoming an entrepreneur, as he became well-versed in the market of buying and selling tickets as a long-time sports fan. In many ways, his love of sports and attending sports games foreshadowed his first venture, a college ticket-selling marketplace called ExchangeHut. Companies are sold, they are not bought. Nathan got into ticket selling when he lost the lottery for season tickets at University of Wisconsin in his freshman year. As he looked for ways to buy tickets for himself, friends lined up to ask for help with the same problem. A year later, Nathan had purchased ExchangeHut alongside a childhood friend, using some of the funds he saved reffing soccer. Over the course of two years, they grew the platform from 1000 users on one campus, to nearly 250K users on eight university campuses. Getting acquired was a deliberate process. Neither Nathan nor his partner wanted to operate ExchangeHut after graduation, so they researched and contacted potential buyers, and were eventually acquired by the ad network that operated on the site.   Nathan emphasizes that companies looking to be acquired should be on the hunt for interested buyers. Few acquisitions come from companies that were shopping around to buy and find their acquisition target from a day of Googling. Selling to morticians and how Nathan ended up in Chile. After selling ExchangeHut, Nathan moved onto his next challenge, as co-founder of Entrustet, a service that helped families access, transfer, and delete online accounts when someone died. While they got great PR because the idea was just so novel, B2C marketing was near impossible. Very few people wanted to think about or plan for their death, except, surprisingly, in Japan and Mexico. As they pivoted, Nathan and his partner stumbled across an article about Start-Up Chile in Forbes and applied. They became a part of the program’s first class. The ecosystem in Chile was in its nascent stages at that time, but even then it was evident that something big was brewing. Nathan sold Entrustet after Start-Up Chile and made his way back to Latin America to work on his Spanish. The Magma Partners investment thesis After a stint as a Spanish language marketer, and as a university professor, Nathan settled into mentoring startups in Chile. When he met Francisco Saenz in 2013, they realized an opportunity to make an outsize impact in Latin America’s entrepreneurship ecosystem through a private fund that would combine capital investment, mentorship, and US best practices, giving Latin American startups access to support of the kind found in Silicon Valley. Francisco and Nathan founded Magma Partners with a US$2.5M fund they invested in pre-seed and seed stage companies that either sold to businesses in Latin America, or to a US audience. A lot of people thought their investment thesis was crazy, that Latin America was too risky an investment. Yet Magma I has already seen their original investment reach US$7.5M; their portfolio has also generated over 350 jobs. The 3 Mega Trends Happening in Latin America now. Devin and Nathan closed out their conversation looking forward at the future of tech in Latin America, just weeks after the announcement of Magma II, a US$15M fund to be invested under the same thesis. Nathan sees three huge trends in the Latin American startup ecosystem, with Magma Partners riding the wave of all three. Latin America’s tech scene is maturing at a very high rate and will be producing many highly profitable businesses over the next decade. Chinese businesses and investors are starting to look into investments in Latin America. Magma Partners also announced the opening of the first Sino-Latin American accelerator to help Chinese and Latin American entrepreneurs work together. The US is taking notice of Latin America. Nathan summed up our conversation explaining the long-term impact of Magma Partners on the startup ecosystem. “Magma is a multi-decade project,” says Nathan, “and we want to be a core building block of the ecosystem to continue building what other amazing funds in Argentina, Brazil, and Mexico have done.”  Check out the rest of the episode to hear Nathan’s story in detail and learn how he went from soccer referee to Managing Partner at Chile’s first private venture capital fund! Outline of This Episode: [1:16] Devin Baptiste introduces Nathan Lustig [3:00] Starting the entrepreneurship journey as a soccer referee [8:10] Buying his first business at age 19 with a childhood friend [12:50] Growing your user base from 1000 to 250k within 2 years [21:10] Buying and selling tickets shows you what people’s true character is [23:40] Companies are sold, they are not bought [26:35] How do you get a company to sit down and talk acquisition? [34:50] Deciding not to compete against Facebook Marketplace was a mistake [36:15] Branching out: how did you get into your next company? [40:30] How do you sell a product that people use after they die? [42:43] How many people on Facebook die in a year? [50:37] Joining the first class of Start-Up Chile with no expectations [58:40] Giving a speech to Sebastian Piñera, President of Chile [59:23] Why Magma Partners and why Chile? [1:06:10] Do we want to be in the death industry for the next 5-7 years? [1:11:30] Learning Spanish in Chile as a Spanish language content writer [1:15:41] What values inspired the Magma Partners investment thesis? [1:21:44] Has your investment thesis been validated? [1:25:45] US reactions to a Latin American VC fund [1:30:33] Magma II - the investment thesis is playing out [1:32:20] Where is the China-Latin America business relationship going? [1:36:16] Three mega trends that Magma Partners is excited about [1:39:02] Lessons learned in Fund I to be applied to Fund II [1:44:30] Thanks to Start-Up Chile for bringing so many great entrepreneurs to Latin America   Resources and People Mentioned: ExchangeHut Entrustet - acquired by SecureSafe Start-Up Chile Welcu GroupRaise FounderList Magma Partners AliExpress Devin Baptiste Joseph Boucher Francisco Saenz Diego Philippi Adrian Fisher Jesse Davis Connect With Nathan www.NathanLustig.com www.MagmaPartners.com On Twitter On LinkedIn