Dan Gavel on Building a Diversified Investment Strategy in Venture Capital

Dan Gavel on Building a Diversified Investment Strategy in Venture Capital

Dan Gavel on Building a Diversified Investment Strategy in Venture Capital

0:00/1:34

Also on

Also on

Dan Gavel, founder of Black Sheep Capital Fund and the Flock Syndicate, shares his unique approach to investing and discusses the importance of understanding risk. He emphasizes the need for investors to have the capacity to accept risk and adapt their investment strategies to the changing market. Dan also talks about the benefits of running a fund, a syndicate, and making personal angel investments simultaneously. He explains how he decides which investments go to each channel and the importance of building relationships with founders. Dan believes that being a lead investor is more about post-investment support and guidance rather than pre-investment due diligence. He also shares a personal story of a risky investment that didn't go as planned.

Chapters

  • Understanding risk is more important than trying to fully comprehend it.

  • The investment landscape is constantly changing, and investors need to adapt their strategies accordingly.

  • Running a fund, a syndicate, and making personal angel investments simultaneously allows for a more diversified portfolio and greater exposure to the ecosystem.

  • Being a lead investor is about building relationships with founders and providing post-investment support and guidance.

  • It’s important to have conviction in an investment and be willing to take risks.

This Episode Is Brought To You By

More Episodes You Might Like

Let's talk

Turn podcasting into pipeline

We help founders, funds and operators build trust, authority and deal flow with a show tailored to their market.

Win better deals and stay top‑of‑mind with founders.

Close more deals and build a category you own.

Reach founders and operators with a show they trust.

Day One® exists to help founders and startup operators make better business decisions more often

Subscribe for helpful content from other successful founders, operators and investors

Join 755 other founders & investors receiving our emails. They're cool, are you? :)

* Regrettably, mel@canva.com is not on our list… yet.

Day One® is a registered trademark of W2D1 Media Pty Ltd. All rights reserved. © 2026 W2D1 Media Pty Ltd.

Day One® exists to help founders and startup operators make better business decisions more often

Subscribe for helpful content from other successful founders, operators and investors

Join 755 other founders & investors receiving our emails. They're cool, are you? :)

* Regrettably, mel@canva.com is not on our list… yet.

Day One® is a registered trademark of W2D1 Media Pty Ltd. All rights reserved. © 2026 W2D1 Media Pty Ltd.