Episode Summary:
In this episode of First Cheque, hosts Cheryl and Maxine engage in a compelling conversation with John Sharp, Managing Partner at Hatcher+, an innovative AI-driven venture capital platform based in Singapore. John recounts his fascinating transition from conducting orchestras to pioneering data-driven venture investing, highlighting how his early experiences with technological disruption in the music industry inspired him to embrace AI and big data. He delves into how Hatcher+ analyses over 600,000 startup deals to predict investment success, emphasising the importance of the power law and large, diversified portfolios in maximising venture returns. John also shares his insights on the future of algorithmic investing in venture capital, drawing parallels to the transformation of public equities in the 1990s. Throughout the discussion, he underscores the necessity of adapting to technological advancements and offers valuable lessons for founders, operators, and investors aiming to leverage AI for smarter investment strategies.
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Chapters:
01:39 Welcome & First Investment Question
02:10 John's First Investment: Education and Orchestration
05:00 Technological Disruption in the Music Industry
06:14 Management Lessons from Conducting Orchestras
10:47 Lessons from Past Industry Disruption
15:03 Introduction to Hatcher+ and AI Venture Model
17:51 Hatcher+'s Methodology & Portfolio Strategy
24:01 The Power Law in Venture Capital
33:33 Building Hatcher+'s AI-Driven Platform
37:12 Insights from Analysing 600,000 Companies
42:40 Importance of Pivots and Board Support
44:31 John's Biggest Courage Moment