The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Why You Have To Be A Good Long Term Actor To Succeed in VC & How Owning An Esports Team Could Be A $Bn Outcome with Clinton Foy, General Partner @ Crosscut Ventures
Wed, 02 Nov 2016
Clinton Foy is General Partner @ Crosscut Ventures, one of LA's leading VC funds. Prior to Crosscut, Clinton was COO, @ Square Enix, a $2 billion video game publisher, he recruited a top-tier team and built the mobile, social, and online business in North and South America. He managed licensing and strategic partnerships for SPACE INVADERS, FINAL FANTASY, and TOMB RAIDER franchises. In seven years he oversaw more than 100 product launches across a dozen platforms and grew annual revenues to more than $300 million. Before Square Enix, Clinton practiced law representing clients including Microsoft, Sony, and Yahoo. In Today’s Episode You Will Learn: 1.) How did Clinton make the transition from COO at $Bn games company to being a VC in LA? 2.) Question from Crosscut LP: Judith Elsea: What were the biggest takeaways from operating that make Clinton a better VC? What are the biggest surprises about being a VC? What are the biggest adjustments Clinton have had to make to be a VC? 3.) How important does Clinton feel network building and relationships are to being a good investor? Is this a market of predators? Can the 'nice guys' sometimes win? How does Clinton look to relationship build in a natural and organic way? 4.) On the operations side, Clinton helped Esports company, The Immortals raise a seed round. How was that experience for Clinton? What were the challenges? Is investing in an e-sports team a venture investment with potential $Bn outcome? 5.) What is the reason for the mass rise in Esports and Esports investing? How does the rise of mobile affect this? What is the future of Esports vs traditional sports? Items Mentioned In Today’s Episode: Clinton’s Fave Blog: Dean Takahashi: Venture Beat Clinton’s Most Recent Investment: The Immortals As always you can follow The Twenty Minute VC, Harry and Clinton on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. The Twenty Minute VC is proudly sponsored by Luma, Luma is the world’s first ever Surround WiFi system that brings speed, security and control to the home network. And Unlike traditional routers, Luma comes in a pack of two or three sleek devices to place in different rooms in your home. Luma then creates a mesh network that work together to create an outrageously-fast, ultra-secure Surround WiFi network. Lastly, Luma’s app lets you easily see and control which devices, users and content are on your network. To buy your Luma, simply dead to getluma.com or amazon.com.
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