Rick Holton: Venture Capitalist on failed deals why corps can't innovate & helping the imprisoned

Rick Holton Venture Capitalist tells about deals that failed, why large corps can't innovate and the divide between the top and bottom of the world.

Rick Holton is a venture capitalist at Fintop Capital. Holton and Vance Crowe discuss what is venture capital, how do deals get struck, deals that Rick lost his money in and why corporations often outsource their innovation to smaller more nimble companies.

Vance mentions a YouTube channel called "The Soft White Underbelly" you can find out more here: https://www.youtube.com/channel/UCCvcd0FYi58LwyTQP9LITpA

Concordance Academy: https://concordanceacademy.org/

0:00 Start
3:54 Why start a Venture Capital firm in St. Louis?

7:50 What does a Venture Capitalist do on a daily basis?

10:15  When companies stop innovating

14:50 Communism analogy inside of large companies

18:31 What a pitch on Shark Tank is really worth

22:01 What's the current state of unaccredited investing?

30:13 What's Quibi doing now?

40:07 Why Deals Fail

43:07 How to put together a good group

46:00 Vance asks for Rick's Peter Thiel Paradox

53:14 Soft White Underbelly

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Vance Crowe interviews people with an expertise that you would want to know about, but might not think to ask. He prompts his guests to think about their work in novel ways, discusses how it applies to regular people and has fun sharing stories and experiences.

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