Chris Sacca

Chris Sacca

Early investor in Twitter, Uber, Instagram, and Kickstarter, among others. Former Google exec. Guest Shark on ABC's Shark Tank.

THIS CHAT HAPPENED ON October 28, 2015

Discussion

Chris Sacca
Chris Sacca@sacca · Chairman, Lowercase Capital
Hey all, I would say "It's Chris here!" But I think the handsome avatar to the left pretty much establishes my ID. Although, it's always possible that I gave my PH login to some Mechanical Turks. In the off-chance this is actually me, I'll do my best to answer your questions with impenetrable business clichés. Ask me anything about investing, startups, Twitter, Uber, carbs (delicious!), scratch and sniff whiskey books, and why @rrhoover says AMA participants are not allowed to wear pants. Oh, and don't you dare ask me about Shark Tank which I'll be on a few times this season starting this Friday, October 30th, at 9:00 Eastern and Pacific.
Danielle Newnham
Danielle Newnham@daniellenewnham · Founder, The Junto Network. Author
Q #2 If you could offer any advice to Elizabeth Holmes right now, what would it be?
Ben Tossell
Ben Tossell@bentossell · Makerpad.co
If you had to run Product Hunt, what would you do with it/us 😜 ??
Ben Tossell
Ben Tossell@bentossell · Makerpad.co
What’s something you used to fervently believe that you now see as misguided?
Ryan Hoover
Ryan Hoover@rrhoover · Founder, Product Hunt
Chris! We all know how bullish you are about Twitter and they've made some bold moves in the past ~6 months. Over the next 5 years, who is their biggest competitor?
Divraj
Divraj@divraj · divraj.com
@sacca what functions ( if any ) can the crowd be harnessed to augment lean vc's ? any functions that you rely on outside vendors / services at lowercase ?
Brent Summers
Brent Summers@brentsum · Founder, Code-Free Startup
Hey Chris, thanks for doing this. 1. A lot of different people from different backgrounds speak very highly of their relationship with you. What are your thoughts on maintaining healthy relationships? 2. If you had to be a dinosaur, which one would you be?
Edwin Espinosa
Edwin Espinosa@edwinespinosa09 · Angularjobs
@sacca did you want to be on shark tank or did they offer you the opportunity and you jumped at it? Any funny behind the scenes moments?
Nikhil Jois
Nikhil Jois@nikhiljoisr · Co-founder, Eventosaur
Hi, Chris, I asked you about emerging markets like India via #AskSacca on Twitter yesterday and your answer was reassuring. https://twitter.com/sacca/status... Could you please tell Indian founders (foreign founders in general) like myself, how best to reach investors such as yourself who stay in the US? Thanks in advance
Eric Willis
Eric Willis@erictwillis · Working on something new
@sacca Thanks for doing this AMA. What's your biggest weakness as an investor? And if that weakness is a strength that @mazzeo has, can you give us an example of how that overlap has helped LowerCase Capital identify/secure a deal that you alone would have completely missed.
Andrew Ettinger
Andrew Ettinger@ettinger · 👟 @wearAtoms // ex @Twitter @ProductHunt
What is your core competence?
Adam Muller
Adam Muller@muller_adam · Co-founder ADHD Collective, MullerCast
Hello Chris! I really enjoy the way you think, man. What's an example of a time you've experienced awe?
Danielle Newnham
Danielle Newnham@daniellenewnham · Founder, The Junto Network. Author
What's the most common trait you see in founders who have the ability to go as big as Twitter, Uber et al?
Tim Robinson
Tim Robinson@tmrob_ · Principal, Envolve Media
@daniellenewnham @sacca already answered this countless times. They don't use conditional language, they talk about the future like it's a certainty.
Paolo Nagari
Paolo Nagari@paolonagari · CEO & Founder at InterCultural Group
@sacca how did understanding and appreciating foreign cultures and languages (like being an exchange student in Ecuador) contribute to make you a better investor?
Zak Konarska
Zak Konarska@zkonarska · Project Manager, Quizzle
1.) Any advice for raising a first fund? 2.) Boxers or Briefs?
Matt
Matt@mattrod
@Sacca Exactly how many of those cowboy shirts do you own?
Alex Vinogradov
Alex Vinogradov@alexvinogradov4 · http://www.cfc.io http://heartin.net CEO
@sacca Hi, need support for growing my http://heartn.net company - our aim is a bring remote, professional clinic cardio-diagnostic to your home. For that, we release portable, designed for consumer market device, just 200$ cost. HeartIn also includes doctor's marketplace, where customers can get appointment time and receive a diagnostic result, similar to hospital's do, but remotely and cheap. All results saved in the cloud, where doctors can verify it. Is it possible to cooperate with u (i don't need investment, all self invested)
JJ Tang
JJ Tang@jjrichardtang · Product @IBMCloud 🚢
Thanks for doing this today @sacca! What is your favourite emoji and why? 🤓
Kamil
Kamil@kamilszybalski · Growth Entrepreneur. Was @Hootsuitelabs
Chris, thanks for doing this. I'm wondering what books you're currently reading and what's on your bookshelf? Any chance you can take a Shelfie?
Lejla Bajgoric
Lejla Bajgoric@lejlahunts · Intern, Product Hunt
Thanks for being here :) I'm a huge fan of Twitter for many reasons, mostly that it provides a platform for the dissemination of knowledge/perspective from often ignored social identities. But there's also tons and tons of vile abuse on Twitter (and other social media platforms too). What are your thoughts on this? The best way to approach such an issue? Many people feel Twitter isn't currently doing enough...
Jamie Harper
Jamie Harper@techforx · Geek
Hi Chris - thanks for doing this, you rock (your commencement address at Carlson school of management as a highlight). What do you think the Telcos are going to do, if anything, to fight Project Loon or Facebook's equivalent network tech? Do you think Google/Facebook will set themselves up as a Telco effectively as part of their efforts?
Avery Haskell
Avery Haskell@averyhaskell · Stanford Computer Science
What's a day in the life of Chris like?
Avery Haskell
Avery Haskell@averyhaskell · Stanford Computer Science
What is your workflow like in the office as a VC?
@sacca I've noticed you post about about Sports Teams on Twitter. Who are you really loyal too?
Hey @sacca thanks for doing this. My question for you is, why has education technology not taken off like other verticals in technology? What do you think it will take for it to reach an inflection point?
neeharika sinha
neeharika sinha@neeeharika · Google, Threadchannel
@sacca loved your interview at pando daily. Just wanted to know your favorite restaurants and bars in SF?
Taylor Barr
Taylor Barr@taylorbarr · Founder, The Up Foundry
@sacca What is the one thing you are not ashamed to tell others you have struggled with and how do you harness it (or keep it in check) week in, week out? Mine is fear (of starting, of failure, of losing everything, etc.). I appreciate your candor in advance!
Troy Shu
Troy Shu@troyshu
@sacca thanks for answering our questions today, loved your episode with Tim Ferriss! What's a trend in personal habits, character, etc. that you've noticed in the most successful founders?
Roogved
Roogved@roogved
@sacca Are you still buying Twitter shares from someone willing to sell them ?
Jesse Barkasy
Jesse Barkasy@jessebarkasy · owner www.mesa9.com
How do you get unstuck?
Jacqueline von Tesmar
Jacqueline von Tesmar@jacqvon · Community at Product Hunt ⚡️
What’s something you’re NOT proud of?
Jacob Catalano
Jacob Catalano@jgcatalano · Founder
@sacca What makes @ev so great?
Alex Carter
Alex Carter@alexcartaz · Operations @ 60dB. Ex-PH Podcasts 😻
What new social graphs do you think will emerge over the next 5-10 years?
Jeff Needles
Jeff Needles@jsneedles · Data @ Houseparty & Maker of Things
@sacca if you could've invested in one past Shark Tank deal what would it have been? Also, what's your favorite board game?
Kevin Strasser
Kevin Strasser@kjstrasser · CEO TribeBoost / Founder MoSquatch
Is Twitter heading in the right or wrong direction?
Adam Carmack
Adam Carmack@adamcarmack · Partner, Kessel Ventures
@sacca do you think broader access to information will lead further to a winner-takes-all economy or hyper specialization and market segmentation
Theoharis Dimarhos
Theoharis Dimarhos@theo_dimarhos · Marketing+Biz Dev at AngelouEconomics
@sacca Hi Chris! What do you see the future of Education online being? What part of it hasn't been figured out yet that will make it explode? Thanks!
Brett Watson
Brett Watson@brettewatson · Learner
Hello from Buffalo @sacca! What do you think the biggest mistakes recent graduates/early entrepreneurs are making and how can they avoid them? What is the most underrated skill in the business world today that will lead to success?
Matt
Matt@mattrod
@sacca What is the most common annoying or unnecessary slide you see in early stage start-ups' pitch decks?
Adam Marx
Adam Marx@adammarx13 · Freelance writer/editor and music addict
@sacca Thanks for callin in! You talk a lot about karma and creating value before asking for value. In your experience, what are some of the best ways to "create value" for others that you like to see founders doing?
Jordan Schau
Jordan Schau@chinaschau · Founder, Pure Cycles
What important truth do very few people agree with you on?
Avery
Avery@averyalchek · Business Operations, Mashable
@sacca How do you parse through the excess of startups to find companies really making a change?
johnsolamito
johnsolamito@johnsolamito · CTO/Co - Founder
@sacca look forward to seeing you on Shark Tank. You favorited a @weddingnook tweet on Twitter is this a space you would invest in or can we get a referral to Mr Wonderful since he loves the wedding space?
pharmrx121
pharmrx121@flyersdude123
@sacca What do you think about $TWTR launching it's youtube competitor to give content creators 70/30% ad revenue split? This will surely move the needle and it's something analysts that cover $TWTR never discuss. Your thoughts?
Niv Dror
Niv Dror@nivo0o0 · VC at Shrug Capital
🚨For all the highlights from Chris Sacca's LIVE🎥💬 check out the Medium Post: https://medium.com/@producthunt/...
Chase Anderson
Chase Anderson@chaserson · Outdoor Gear
@sacca Why did you have to mention the book, I Seem to Be a Verb on the Tim Ferriss Show. Pricey as can be now. Any other books you'd recommend and in turn drive up the price?
Russ Frushtick
Russ Frushtick@russfrushtick
What's the best way to stand out in a presentation?
Expert Trades
Expert Trades@experttradesmen · Founder CEO, Expert Trades
Hey Chris - In 24 months time how do you see periscope being used? Specifically in a 'persona' and then 'business' context if there is one.
Pénélope Romand-Monnier
Pénélope Romand-Monnier@penelope_rm · Associate @Hardware Club
Hello Chris! "During the late 90s businesses were ruled by a single mantra “Get Big Fast”. It’s follows a simple logic: prioritize growth over profitability, dominate the market before competitors, and customers and profit will naturally come." (http://foundrmag.com/3-proven-st...). Where in 2015 but it seems to be Uber's strategy. The company is currently challenged by local competitors in Asia, by governments in Europe and the US, and tries to develop many parallel activities (Uber Rush, Uber Eats...). The cost of customers acquisition seems to be huge. Until now investors have continuously invested in the company despite its revenue losses. As an investor in Uber, do you think this is a sustainable strategy? Will Uber be able to be profitable and find the right revenue model before going bankrupt?
Harry Stebbings
Harry Stebbings@harrystebbings · Podcast Host @ The Twenty Minute VC
@sacca so amazing to have you here! Looking back at your career, what do you think has been the defining moment that has contributed to your immense success?
Marcus Karoumi
Marcus Karoumi@mkaroumi · Marketing @ Page-Anchor.com
If you would invest in a Swedish startup, which would it be? Klarna, Spotify, King or Truecaller (or my future company😉)?
Milan vd Bovenkamp ♠
Milan vd Bovenkamp ♠@milann · Making technology come alive 🃏
@mkaroumi your future company? like back to the future stuff?
Tim Robinson
Tim Robinson@tmrob_ · Principal, Envolve Media
@sacca What is the best way for an early stage startup in Ireland to get your attention? Aside from being a great product of course. That said.. every product can always be better. Loved your PandoMonthly, changed my life. And your Periscopes keep it up. It inspires all around the world, currently in Portugal. Look forward to skiing with you one day in Truckee!
Nick Rizk
Nick Rizk@rizk_taker · Product Manager
@sacca from your experience, what's the 5th most important characteristic that successful founders possess? I aribitrarily say 5th to weed out answers all over the net such as intelligence, hustle, energy, team player, etc. I guess I'm curious if there is something that gets your attention that may not be as evident.
Philip Kuklis
Philip Kuklis@philipkuklis · Co-Founder, Hubble
@sacca How do you clear your mind after a stressful day?
Jacob Catalano
Jacob Catalano@jgcatalano · Founder
@sacca What is the highest leverage thing you can uniquely do? And how much time to you allocate to that thing?
V Saket Ram
V Saket Ram@vsaketram · trbble
@sacca Hi Chris, What do you feel about the future of startups in the music industry? What is the one thing that will make them have a competitive advantage in the industry?
Phillip Yang
Phillip Yang@geekyyang
@sacca Chris, big fan of yours. Thanks for answering my question on the cool QA session yesterday on Twitter. I wanted to ask you a question regarding the newest Twitter TV ad. There's been a lot of discussions regarding it, some saying they're not a fan. What are your thoughts?
Emily Snowdon (née Hodgins)
Emily Snowdon (née Hodgins)@emilyjsnowdon · Operations @ Product Hunt
What has been the absolute best moment of your career to date and why? Also same questions but for funniest? :)
moo.com
moo.com@icimoo · Marketing Manager, Southern Europe, MOO
Hey @sacca - are there other connecting words such as "that said" that you try to integrate in your daily language?
Melissa Joy Kong
Melissa Joy Kong@melissajoykong · Content, Product Hunt
Hi Chris! You've accomplished so much in your career so far. What motivates you these days? And is it different from what used to motivate you 5 or 10 years ago?
Aaron Taylor
Aaron Taylor@theaarontaylor · BizDev, Personify.ai
What do you think is the biggest mistake first-time founders make?
Stephan Ango
Stephan Ango@kepano · Co-founder, Lumi
@sacca I'll take the bait ;) Was it a difficult decision for you to join Shark Tank? On one hand it has done more to popularize entrepreneurship than almost anything I can think of, on the other hand it seems to be viewed derisively by most of Silicon Valley. What did you enjoy most about being in the show?
Erik Lundberg
Erik Lundberg@erikclundberg · Fireside
@sacca Ever been to one of Warren Miller's famed Yellowstone Club parties?
kissingsky
kissingsky@kissingsky
@sacca great to see you here. Two questions and will appreciate your answers (1) what other businesses UBER going to disrupt in future? (2) what is your morning routine? thanks
Wine Wicks Candles
Wine Wicks Candles@winewicks · Owner Wine Wicks Candles
@sacca What are your specific criteria for investing in a start up company?  And what advice would you give for targeting outreach in a niche market?
E Wu
E Wu@ewusef · Founder
@sacca wanted to know what you think of carpooling apps like carma carpooling and hitch a ride. What are some improvements you can see in carsharing?
Alex Carter
Alex Carter@alexcartaz · Operations @ 60dB. Ex-PH Podcasts 😻
SV has disrupted markets, created new and innovative products, and minted numerous billionaires over the last few years. Given the extreme ambitions and desire to make the world a better place within tech, why do you think certain areas have been so slow to disrupt? Healthcare, education, etc.? and as a follow up, do you feel like the tech startup billionaires aren't doing enough in the political or social justice spheres to help improve the country?
Milan vd Bovenkamp ♠
Milan vd Bovenkamp ♠@milann · Making technology come alive 🃏
@sacca what do you think of the Trump-escapade? Do you think it can any way effect the tech and entrepreneurial scene in the States, and beyond? (@pmarca is keen on retweeting him though, I hope just for laughs, that's why I ask)
Brad Lindenberg
Brad Lindenberg@bradlind · CalReply
@sacca What is your secret MO that somehow gets you onto the side of amazing founders, very, very early...? Do you reach out cold? Take them for beers? What is it that gets you access, other than money.
Stefan Theofilos
Stefan Theofilos@steftheo11 · Product Designer, Entrepreneur
Was there an investment in a company that you made when they were in their early stages that you had initial doubts/was uneasy about/or took a huge risk at the time?
Hungai Amuhinda
Hungai Amuhinda@hungai · CEO, Djuaji.com
Hello Chris whats your take on the emerging markets ? Is it a place as an investor you are looking at? If yes what type of companies ? @sacca
sri
sri@sridhar_kondoji · No Fluff Just Stuff skills tracker
@sacca Whats your take on Twitter's Conference call last night?
Larry
Larry@larry_lawal
@sacca How did you meet the founders of Kickstarter and what stood out to you early on to invest?
jamestodd
jamestodd@jamestodd · Serial encourager and delighter
Do you have a someday/maybe list of people you would like to work with/partner with on a project, startup, investment, or adventure? Any common threads re: those people?
Kumar Thangudu
Kumar Thangudu@datarade · Technologist
@sacca what's the tough critical question you would ask ProductHunt?
Matt
Matt@mattrod
@Sacca Can you speak to what you see as the main distinction in the start-up industry esp for VCs between Bay Area and NYC?
Owen Williams
Owen Williams@ow · Building re:Charged.
Can Twitter really pull itself out of the hole it seems to be in? How confident are you in their abilities to actually fix what seems to be a very bad trend? Do you think expectations were overblown for the company?
jamestodd
jamestodd@jamestodd · Serial encourager and delighter
Is it intimidating at all to be asked so many great questions? How do you decide where to start? :)
Jason Meeks
Jason Meeks@jasonkristofor · Making vision a reality @ISMConnect
Who do you have the most respect for in the tech industry (outside of people tied to your investments)?
Haroun Hickman
Haroun Hickman@harounhickman · Founder, Lusiv
@sacca What's the most common investment fallacy that you hear VCs themselves talk about most often?
Javier Torrez
Javier Torrez@jactorrez
What lesson/piece of advice were you reluctant to listen to/learn from early in your career that you wish you learned earlier?
Niv Dror
Niv Dror@nivo0o0 · VC at Shrug Capital
@sacca Hey Chris! How do you compare the valuations on Shark Tank to what we see in Silicon Valley. Seems like a huge disparity. Are the Shark Offers 'fair' more or less and/or are seed deals in the Valley overpriced?
Gibby
Gibby@gibby
@sacca It looks like you are an investor in Din. Any thoughts about the company you'd like to share?
Rodney Rumford
Rodney Rumford@rumford · Co-founder of HipGif & Product Manager
What are your thoughts on how GIFs seemingly appear to be everywhere these days. Is this resurgence a cultural phenomenon with opportunity or simply a passing fad?
Matt
Matt@mattrod
How do we get one of those hats or swag?? :)
gabe roeloffs
gabe roeloffs@gaberoeloffs
Hi Chris, First of all, thanks so much for doing a live chat! I've always thought the way you hustled to pay off debt/invest in companies was pretty crazy/cool. 😀. Anyway, my question for you is - do you think college is still valuable for people who want to start a startup? Or is it better to skip it, and build a product and business right out of high school?
alizalees
alizalees@alizalees · Consultant
@sacca I see you were drinking Ginger Gt Kombucha.. Have you ever been interested in investing in the health and wellness space. Do you feel the returns are worth the time and investment?
Jisa
Jisa @jisagigi
@sacca what is the future of tv apps?
J
J@iamkarlis
@sacca when will the chat start?