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Charlie Songhurst

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
640 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

And that's more true outside of the US culture than it is in the US.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

It's particularly true with Europeans.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

And so a lot of it is trying to get people to actually say what they truly believe, as opposed to say what they think they should say.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

All of the above.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

The founder one is fascinating because you actually end up going down different lines and helping them, depending on whether they answer the power and the money.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

Founders that answer with power tend to need help more on managing their startup capital efficiently.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

They tend to be the ones that spend more.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

They tend to be the ones that overexpand.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

They're often too aggressive.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

Conversely, the ones that answer money tend to be very capital efficient, but often slightly too cautious, slightly underaggressive, sometimes not willing enough to stamp their authority on the company and make it the culture that it needs to be to be successful.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

I think what you're really looking for is founder market fit.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

I think there's a sort of mistaken concept that there's this platonic ideal of an entrepreneur.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

And I think maybe there's two very basic things.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

There's energy and there's sort of cognitive ability.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

But after that, you're really looking for fit.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

So if you take the sort of prototypical consumer founder, they tend to have more empathy for how people behave.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

Whereas if you take the classic enterprise founder, they tend to be more national because in some ways you can just go and ask your customers what features do you want and go build them.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

And so you go down those different lines.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

And I think there's a lot of fallacy in that sort of platonic ideal.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

What you're actually looking for is someone who's a good fit for a business.